Common mistakes to avoid before leasing/renting an office space

With a growing business, the demands and expectations increase parallely. At a certain stage, leasing a commercial space becomes unavoidable. An expedition that takes you on the pursuit of finding a perfect office space for rent could be exciting but tedious.

A majority of people eagerly wrap up the hunt soon and move their office, neglecting the pitfalls that comes along. Often, those who rush through the process end up making jugemental errors, which later cost them a fortune.

If you are looking forward to leasing or renting an office space, here are some of the common points you should be cautious about:

Not Planning Enough:

Believe it or not, many tenants remain unclear of  their exact requirement of their office space. If your needs are lesser and you are choosing an office with larger space or vice versa, problems are bound to occur.

On the other hand as a growing company, one needs to plan for atleast an year ahead, rather than calculating the requirement based on the current manpower.

Similarly, one has to be aware of the carpet area availability, seating requirement, space optimisation, type of AC, no. of toilets etc.

If one is not clear or confused, it is advisable to seek help from a professional architect, interior designer or a real estate consultant.

Having a professional real estate consultant / broker, on your side can help you comprehend those details you were not thinking of in the first place. It saves time and money in the long run.

Avoiding Document Scrutiny:

The leasing or renting process is categorized by a pile of paperwork that binds an agreement between the landlord and a tenant.

Before  signing any agreement , one should pay extra attention to all clauses, explicit or otherwise.

It is imperative to read through and understand every detail before committing on anything.

Also, keep an eye on clauses that may incur unwanted expenses.