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Posted over 9 years ago

Mistakes to Avoid While Renting an Office Space

Gurgaon real estate has seen a tremendous growth in the recent years and this is no hidden fact that almost every individual planning to kick-start a business dreams of having an office space in Gurgaon. Renting a Gurgaon office space is an excellent option for people who do not have enough funds for buying a commercial property in the millennium city. If you are willing to consider this option, you can take the help of various real estate companies in Gurgaon who will make you find the best deal. However, there are a few mistakes that should be avoided while renting an office space. Let us have a look at them:

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  • Renting the wrong space: Many people make the mistake of renting a small office space. It is very important to understand how much space you would be needing to accommodate your business and your employees. Also, another mistake made by people is that they rent a space that is too huge. The extra space goes waste and you have to pay the monthly rental of that wasted space. It is always a wise choice to opt for a space little larger than your requirement. Make sure you predetermine the area that you will be requiring and make a selection according to that.
  • Going out of budget: For a start-up company, it is very important to make use of the finances very carefully. It is extremely important to prefix a budget and mostly importantly, stick to that budget. Many people make the mistake of going out of their budget, which becomes extremely heavy on the pockets at a later stage.
  • Choosing an inconvenient location: Merely choosing an office space should not be the agenda of a business owner. Choosing an office space at a convenient location is what the business owner should look for. A convenient location is one of the major factors that attracts employees. Thus, make sure you never go wrong in this.
  • Choosing an office space with no amenities: You should always choose an office space that is well-equipped and provides basic amenities. If you choose an office space that does not provide any facilities, you will have to bear the additional expenses of assembling all the facilities required for the smooth functioning of the business.
  • Choosing an office space with restrictive terms: While renting, make sure you choose a company offering a flexible lease. There might be a need of making amendments in the lease, in terms of duration of lease, addition of space or amenities. The terms and conditions should be amendable. Make sure you read all the terms and conditions before signing the agreement.

By keeping the above mentioned points in mind, you can avoid making mistakes while investing in a commercial property.


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