One of the first factors that you should consider when starting a business is the venue or the office space. However, many starters commit mistakes in terms of leasing office space. If you\’re planning to put up your own business too then you must be eager to learn about these factors so you can learn from these and avoid the same mistakes. This article will enumerate some of the most common mistakes most tenants commit in leasing office space hoping that you will do the same mistakes.

1. Lack of detailed planning – One of the most common mistakes of tenants leasing an office space is the fact that they do not plan the details carefully. This mistake leads the tenant to renting an office space that is too big for the company. Do you think it is practical nowadays to rent too spacious place? Of course not. You are not only wasting money for the lease but you are also wasting the opportunity to minimize on your other expenses like electricity bill and other maintenance fees. To avoid this mistake, what you should do is carefully plan what you need in an office space. You should consider the following in your plan:

*Number of employees

*Nature of your business

*Overall budget

When you include these factors in your plan then you will be able to avoid committing mistake in renting an office space.

2. Being lured to long-term lease – Well, another mistake that usually experienced by tenants is being lured long-term lease. The trouble with signing in a long-term lease is when you see your business expanding in two years or earlier than your contract with your office space. Your options will be limited since you need to finish the contract. You will not be able to rent or transfer in a bigger place since you still have a contract. Therefore, the solution to this is to make sure to look for space with shortest lease term or preferably month-to-month set-up. This way, you can adjust easily based on your needs.

3. Rent and Security deposit – Many people end up paying rent through their nose. They forget about checking out other similar places that may be offering lower rates. Since they already paid for the rent and security deposit, they practically have no choice even though they find a better rate of office space.

4. Short time – It is also a mistake to decide to rent a space in short notice. Well, this is one crucial part of your business so you need to spend a lot of time deciding which one is best for your needs. The problem with renting in a short notice is that you tend to agree to whatever agreement because you are in a hurry to find one. Make sure to allot enough time for you to decide what to rent.

You should avoid the discussed mistakes when leasing office space. It is very important that you are being wise, logical and practical in every factor in putting up a business. You should never take for granted the details in leasing office space. Therefore, always bear in mind the mistakes that you should avoid in case you are planning to start your own business.

Gary Meurer is a business writer who likes to share information on NYC office space and office space NYC as well as related office ideas.

Gary Meurer is a business writer who likes to share information on NYC office space and office space NYC as well as related office ideas.
http://www.virgobc.com
http://www.virgobc.com

Author Bio: Gary Meurer is a business writer who likes to share information on NYC office space and office space NYC as well as related office ideas.

Category: Real Estate
Keywords: office space,leasing office space,mistakes of tenants,virtual office