First Home Facts

Renting An Office: Three Questions

When you're tired of trying to conduct business from the kitchen table or in the midst of family activity, renting office space is a welcome solution. Avoid miscommunications and mishaps with these questions.

Are Competitors Nearby?

If you were working alone in your house, you probably didn't have to consider the location of your competitors. Office space is likely in a busy part of your community, however, and depending on the work you do, competitors can be everywhere. You may want to do a little scouting in the neighborhood to ensure you're not near any company that could be considered your direct competition.

In fact, you may even want to ask the owner or representative about whether competitors may already be renting office space in the actual building you're considering. Ideally, you'll be able to invite clients to the space without worrying that they'll check out a competitor on the way in or out.

Can The Space Be Painted?

When it comes to cosmetic adjustments or improvements like painting, don't ever make the mistake of assuming that the building owner will approve of it. Before signing contracts, ask pointedly about whether you're allowed to paint or otherwise work up the space to be more in line with your own preferences and needs. Some owners will permit such actions only if they raise your rent, while others don't mind what is done as long as it is returned to the original state before you vacate the space.

Can You Sublet?

To manage your own finances, you may think you'll just have another person use the space for different periods of time. It may seem to you to be a smart idea, but sometimes property owners are disinclined to agree. They may only want you in the office because you have been properly vetted. They may be eager to rent out other spaces. Before causing trouble for yourself, the prospective subletter and your landlord, check before even leasing the place.

If subletting is allowed, be sure that you investigate your town's rules about it. You may be required to draw up a formal agreement and there could be guidelines about how much you can charge as well as the subletter's length of stay. Remember to do some background checking as well.

Renting an office is a smart decision for all business owners. Asking these questions enables you to thrive without any problems in the space. For more information, contact companies like Executive Quarters.