The lease for your office space: what you need to know
The lease for your new office space Congratulations — you're about to rent a new office space, maybe even through Plekky! What's next? A lease gets slid across the table and questions are bound to come up. It's of course vital that you sign a fair and transparent lease.
The lease for your new office space
Congratulations — you're about to rent a new office space, maybe even through Plekky! What's next? A lease gets slid across the table and questions are bound to come up. It's of course vital that you sign a fair and transparent lease.
In this blog you'll read about the most important aspects of the lease for your new office space, so you know what to consider before you sign.
What should you look out for in the lease for your office space?
The lease must clearly state who the parties are — that is, who is the tenant and who is the landlord. It's also important that the office space is described clearly, including the address and any particulars.
Term and termination
The term of the office lease must be stated in the agreement, whether it's for an indefinite period or a fixed term. In addition, any provisions, conditions and penalties relating to terminating the contract should be clearly stated in the agreement.
Rent and payment terms
Obvious perhaps, but the rent for the office space must also appear in the lease. The payment frequency and any additional costs (such as maintenance and taxes) should likewise be set out in the contract.
Curious about the average rent in Amsterdam? Then check out our whitepaper.
Maintenance, repairs and improvements to the office space
Set out who is responsible for which type of maintenance and repairs. This can range from minor repairs to structural improvements to the office space. If the tenant wants to make improvements or changes to the office space, conditions for this should be drawn up first.
Sometimes, for example, it's agreed that the office space will be restored to its original state once the contract ends.
Insurance
Determine which party is responsible for taking out which insurance. This can include liability insurance, property insurance and tenant's insurance, among others.
Subletting
Some leases prohibit the tenant from transferring or subletting an office space without the landlord's permission. Take a close look at what the contract says about this. Finally, bear in mind that when entering into a sublease, the main lease always takes precedence.
Conclusion
Signing the lease for an office space isn't something you do lightly — which is why you've read this blog this far. There are quite a few important aspects to go through carefully before you put your signature down.
We hope this blog has helped you gather information about the lease for your new office space. Has it inspired you to sign a lease of your own soon? Then don't hesitate to drop Plekky an email or take a look at our listings!