Wednesday, 21 June 2017

Buying Space vs. Leasing: Which is better for your Business?

It’s a tough decision to make between buying and leasing an office space especially when you are new to business. When your business is growing, you won’t be able to take it forward with just a home office; all that you need is an ideal workspace to carry out your operations. Once you decide to get into an office space, the first question that arises is “whether to buy an office space or to lease?” It’s definitely a question to be thought of.
Your decision must be based on a few key considerations that are thought with respect to your business type. You can also consider taking professional advice in order to understand the legal and financial obligations. Along with these, you will have to consider the factors that would influence the cost to your business. Here are a few points that shed light on the things you need to consider while deciding between leasing and buying an office space.
  1. First thing is that, seeing whether the space is in right location for your business. This lets you decide if you can stick on to the space permanently by buying it!
  2. If it partially meets your requirements based on location, you can consider leasing it for some period of time, and change the location if it’s not working.
  3. If yours is a retail business, check if your distributors and suppliers are nearby; this can save huge delivery costs to the company.
  4. Some businesses do rely on the passing trade, if yours is one of them, you will have to consider choosing a vibrant retail hub.
- See more at:

Thursday, 8 June 2017

Subleasing Your Office Space? Here’s What You Need to Know

Subleasing Your #Office  #Space? Here’s What You Need to Know#bangalore

Subleasing or subletting is nothing but leasing the part or whole of the property by you as a tenant to a sub-tenant!
But why would one want to sublease the office space?
Well, there are many reasons why a business owner thinks of subletting his/her office space to other businesses. Here are a few.

1. Outgrowth: When the number of employees outgrows the office space, they can’t just cut down the employees just because there’s no enough space to accommodate them. They can’t break the lease term either and move into a larger office space. So what can they do in such a case? Simple, sublease! They can simply sublet their space to any other business and move in to a large office space that can accommodate all their employees.
2. Relocation: The Company may want to relocate to a different place to avail the tax benefits or to be closer to the customers or business partners, and if the lease term is still in force, the company might think of subletting the space.
3. Downsize: Third and most common reason for businesses to think of subleasing is the downsized company. The company will have to lay off a few employees because of the poor economic conditions. This leaves a few empty places at the office which makes them think of subleasing.
So, if at all you’ve made your mind to sublease your office space, here’s what you need to know.
Determine if you’re allowed to sublet
First thing you need to make sure as and when you decide to sublease the office space is to determine if you’re allowed to do so. All the lease terms will have a separate clause for sublease if you are allowed to let your leased property to a sub tenant.