Tips for Finding The Right Office Space
Posted: Dec 08, 2015
Trying to find medical office space Manhattan when you are new in business or trying to expand the existing space can be a very expensive venture. The best way to go about it is to learn a number of important tips that can put you ahead so you can get a great experience dealing with your new landlord. Some of the most important things you must not forget when looking for Manhattan office space include:
The Agreement: Once you find medical office space Manhattan, this is the document that entails your rights and obligations as a tenant as well as those of the landlord. You must therefore carefully scrutinize this important document and ensure that every single clause is favorable for your business. One important areas that most people fail to notice has to do with rent increase over the term as well as what renewal options there exist with the landlord; you want to ensure that the landlord doesn’t retain the right to increase the rent as and when they want without warnings. Also ensure that there are clear details regarding the deadline for making payments and what should happen when payments aren’t made on time. For you to get a favorable agreement, you want to make sure you deal with a commercial real estate agent to negotiate with the landlord or his agent on your behalf.
Hidden fees: There are several times when people find office space Manhattan realize that there are hidden fees there never realized that add to their expenses; you want to check on expenses such as maintenance fees or upkeep for some shared facilities such as the common areas. You want to find out exactly how your expenses are measured if you are going to have a clearer picture; ask whether they are metered individually or they are apportioned according to your square footage; always ask about these expenses when talking to the landlord before you sign the dotted line.
Protect your business: You medical business is definitely a precious asset to you and you want to ensure that you protect it in all ways that you can; you therefore need to investigate and negotiate for a few add-on clauses that could benefit you. A clause such as "sublease" can enable you sublet someone who is trying to find dental space Manhattan that will build your business in some way. Co-tenancy on the other hand is an agreement that will protect you from losing your customers. This is an agreement that allows you to break a lease agreement in the even the landlord isn’t able to replace you within an agreed period of time. Last but not least, always ensure that you do proper research for Manhattan office space so you will be able to get the right space.
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