Truth be told, office space rental is a big expense for a startup. But this is not to say you should give up on business expansion since it can be inexpensive. All it takes is for you to understand the hidden costs not forgetting the restrictions that are buried in many leases. That’s why you need to do your due diligence before signing on the dotted line.
Fortunately, we are here to offer a helping hand. In this article, we will take you through some of the things you need to consider before you sign a lease agreement for a Del Mar office space. Keep on reading to find out more.
If you’ve done your homework, then you might be aware of the fact that office tenants are responsible for increased building expenses. Before signing any contract, it is in your best interest that you understand the mechanics of escalation formulas. You don’t want to end up spending more money than you had planned for in the first place, and this is only possible if you understand the terms of your Del Mar office space for lease agreement.
Aside from rent increases, you must also factor in the operating expenses, which happens to be the trickiest clause. Just in case you might not know, an operating clause makes it possible for your landlord to recover out-of-pocket costs of running a building. If it does more than this, then there is reason to worry.
To have an easy ride, you must insist on a precise and limited definition of the items to be included in the operating expenses. You don’t want to be billed for charges that have nothing to do with running a building. So, be sure to understand everything that goes into operating expenses before leasing Del Mar office.
Even the slightest of details you leave behind can be costly once you settle on Del Mar office space for rent. This is something you never want to make do with at any particular time. The good news is that you have all the time in the world to go through the lease contract before signing on the dotted line. At no time should you sign the lease contract while having doubts in mind. Actually, this can be compared to digging your own grave since you may never reap maximum benefits.