Office Space Lease Agreement Template

Eliza Lamaro February 2, 2021 Agreement

If you`re likely to rent for an office space, then it`s crucial that you pay very intensive of attention into your deal. A fantastic workplace plays an extremely vital part in every day today effectiveness of operations.

Besides, it also includes a large part to engage in fostering the morale of the employees and consequently developing an impression between the customers. Prior to going trying to find a preferred office space, focus to the Lease Agreement since it`d play a very fundamental role in guiding your choice.

Office Space Lease Agreement Form Template Word Doc

What is Office Space Lease Agreement?

An office space rental agreement is a valid record involving a tenant and landlord which is going to be inhabiting space for non-retail purpose. The space is usually fitted to jobs such as accountants, lawyers, realtors, or other associated disciplines where customers are greet for expert consultation.

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Rent is normally calculated on an amount per square foot ($/SF) system with all the duties of the parties should be arranged between the tenant and also landlord. However, a Commercial Lease Application required to validate the history and credit of the tenant.

Four (4) Types of Office Leases

1. Co-Working Lease Agreement

~ Landlord: Covers the whole expenses and also utilities.
~ Tenant: Without any responsibilities.

2. Gross Lease

~ Landlord: Covers the real estate taxes and also property insurance, then the common area maintenance (CAM`s).
~ Tenant: Covers the utilities as well as the services.

3. Modified Gross Lease

~ Landlord: Shared costs (negotiated)
~ Tenant: Shared costs (negotiated)

4. Triple Net (NNN) Lease

~ Landlord: Obtain the roof and also the parking lot are in good condition.
~ Tenant: Covers the property insurance as well as real estate taxes, and also common area maintenance (CAM`s) along with their utilities and services.

Things to Consider while Choosing an Office Space

Some of the principal items to consider while deciding upon an a workplace will be location. Make it`s located on the primary road, therefore that it isn`t hard for customers and clients to locate out it. While the 2nd main issue is about the price.

Premium places usually feature a hefty price tag. Ensure that you opt for a spot that doesn`t drill out a hole too deep in your own pockets.

Last but most certainly not least look closely at this size. For those who get a massive job, then you would require a larger place. In the event you intend to enlarge your group, then it could be sensible to decide on a larger and more affordable place with perfect infrastructure.