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Monday, 22 December 2014

What Is Involved In Office Sublease Process

By Stacey Burt


Usually when you have your own business, you would want to have your own space where you can operate. Most of the owners would leasing a space of their offices. There are several reasons to this choice but the main one would be the cost of building your own office being too costly especially if you are just starting your own business.

But even when you are just leasing, this can still be a very heavy financial burden to bear. So for you to lessen the payments, you can choose to have office sublease Chicago tenants. This is actually the option that most people or business owners have done to decrease their monthly rents.

When you rent a space, you will be signing a contract prior to moving in. This will be the written agreement between you and the landlord or the owner of the place. Firstly, you have to review the contract and try to see if there is a clause indicating the prohibition or the acceptance of any subleasing process.

If the contract states that it allows for it, you have to check with your landlord about your decision. This is so that you can discuss the underlying terms of having a subtenant with you. If the contract does not allow it, your only hope is to ask the landlord if there is a possibility for it to be changed.

Once you have settled everything with the landlord of the place, the next thing that you should do is try to see if your really have the areas to accommodate others. You can determine if there is once you can see that the entry ways will not be blocked by their set up. And you need to determine if the place allows for no disruptions during work hours.

Once everything is established, you have to inform your immediate neighbors about the decision you have made. This is so that they will also be prepared for the new occupants. There are times when they might be disturbed and because of this, there might also be arguments that could have been avoided had they known that there are new tenants.

One of the most important thing to note is that you should be picking the perfect tenant. It should be like hiring a personnel for your business. You should scrutinize the people who want to apply for the small space. Aside from they are trustworthy, they should also have an idea on the current arrangements and their boundaries.

Your plans for the future of your business might be able to influence this decision as well. If you are planning to expand the soonest possible time, you should offer them a short term contract only. So that you can utilize the remaining space for the additional staff that you will hire once you have expanded.

When you are all done, there should be a set of ground rules to follow. If you let the subtenants follow it, it must also be observed by your staff as well. For example, you have stated that the privacy should be respected, it is important that your office also repay the same courtesy to them.




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