When starting a new business, choosing the right leasing option is crucial. Executive suite centers often offer various incentives to attract new tenants, but it’s important to weigh these perks against your business needs. Here’s a guide to help you decide:
Evaluating Perks
- Free Month’s Rent or Discounts
Some centers offer a free month’s rent or significant discounts as an incentive. These perks can be appealing, but make sure you assess whether they align with your business plan and financial projections. - Reduced Security Deposit
A lower security deposit can reduce your initial outlay and ease the burden of starting up. However, understand the terms and conditions associated with this offer to avoid any surprises. - Flexible Lease Terms
Inquire about discounts for signing longer leases, such as a 6-month term. While a 6-month lease might be too short to gauge your business’s success, a year-long lease could be too lengthy. Balancing the lease term with your business’s anticipated growth is key.
No Perks
- Short-Term Leases
While a shorter lease offers flexibility, it may come with fewer incentives. Consider whether the lack of perks is worth the advantage of a shorter commitment, especially if you’re unsure about your long-term needs. - Penalties for Early Termination
Understand the penalties for not completing your lease term. Being aware of these terms will help you avoid unexpected costs if your business needs to relocate or change plans.
Making the Decision
- Assess Your Needs: Determine whether you need a shorter lease for flexibility or if a longer term with potential discounts is more beneficial.
- Ask Questions: Don’t hesitate to ask about penalties for breaking the lease and what perks are available for different lease lengths.
- Be Comfortable: Choose an option that aligns with your business’s financial health and growth projections. Avoid feeling pressured into a lease term or perks that don’t fit your needs.
Remember, your success is also the center’s success. They want you to thrive, so communicate openly about your needs and expectations.
For more information and to explore leasing options, visit ViewPointe Executive Suites at www.viewpointecenter.com.
Leave A Comment
You must be logged in to post a comment.