One of the biggest expenses that you have as a business owner when you set up your new office is the monthly rental or lease. This is a recurring expense and whenever you have a recurring business expense, you need to make very cautious choices because it will have a lasting impact on your business and on your profitability.
Never rush to sign your lease agreement when you are looking for Del Mar office space for rent. Take your time to understand your lease agreement fully and what it entails, the immediate and long-term repercussions. You do not have to accept the lease agreement as it is and as a tenant you could negotiate your lease terms and conditions. Before you could negotiate the lease terms and conditions you should know the latest trends in the local office space rental industry. In other words, you should have done your homework before you could negotiate meaningfully.
Secondly, you should take time to read the conditions of your lease agreement closely and not ignore the details because the devil is in the details. By all means never go based on your presumptions. If you presume things on your own and fail to negotiate the lease agreement right at the start, you will not be able to go back and change the terms after signing your Del Mar office rental agreement.
Check what are the costs and expenses that come under your scope. For example, the property taxes, maintenance costs of shared spaces, cost of amenities provided and so on. You need to make certain that you get the best value for your money. Before you agree to pay for anything check twice whether all the indicated expenses should come under the tenant’s scope or the scope of the landlord.
Find out whether you could incorporate optional paid amenities into your lease agreement without incurring any additional expense. If you hesitate to negotiate you would be the one to lose. There is no harm in asking because you have nothing to lose in doing so. However, you could lose the chance to save only if you don’t.
You are likely to get better deals if you are well-informed about the local trends and pitch your negotiations along those lines. In case you are trying to find your office space in the last minute and do not have time for your homework and for considering all the above factors, then in such unavoidable conditions, try to go for shorter lease so that you could switch to a better place and a better deal whenever you should be ready.
If you are thinking of switching from your current location to a new office space, do not forget to pay attention to all the above factors. Most importantly get started with your screening process well ahead of time so that you do not have to rush in the last minute as you are running out of time with your previous lease agreement.