Regardless of the size of the business, it is wise for the management of that business to work very hard at cutting down overhead wherever they can. Not only can the company save a great deal of money on their office space, but they can get into a very nice office space with just a little bit of negotiation. Renting offices can be complicated when the business that is in need of office space is not negotiating the terms of their lease. No one can afford to simply accept what the terms of the lease are without wanting to make any changes. Here are three strategies to help with the negotiation of an office lease.
1. Ask For A Reduced Rate
Every office service company asks for the most money they believe they can receive for an office space. They are charging a premium because they know that most companies will not want to negotiate. With a little bit of persistence, the rate for a space can be reduced by the property owner or office rental companies. They want to have someone in vacant spaces, and they are willing to do what it takes to make sure the space is rented. Check THIS SITE Out.
2. Ask For Shorter Terms
Most companies that lease office space ask for long terms so that they can collect penalties when companies have to leave. However, a business that is expanding rapidly may find it necessary to leave after six months or a year where the typical lease timeframe could be two to three years.
To avoid these penalties and fees when it is possible that the space could be used only in the short term, the lessee should ask for shorter terms or go for a service office which offers more flexible terms. Even though the property owner may not like it, they would rather collect rent for six months than none at all.
3. Cut Out The Red Tape
There can be odds clauses in some leases that account for small fees every month or very specific behaviors that no business could adhere to. Any time a business manager reads a lease with odd language, it is their duty to try to get that language out of the lease.
Again, property owners would rather collect rent for some period of time rather than leave a space vacant. They are open to negotiating, but the lessee has to begin a negotiation, or the terms of an office lease are just that, someone else’s terms.
Bonus Tips of the Day! 5 Helpful Tips for Appropriate Office Etiquette