Office on corporate Lease in Gurgaon
Taking up office house on corporate lease can be a daunting task. There are many crucial points to be looked into before you take up an office of corporate lease. Here are some of the crucial points you would like to appear into.
What is the length of the agreement? typically in India the lease agreement are 3,6 or 9 years old. also what the renewable options?
What is the rent, what are the allowable increases in rent and after what periods?
Does your rent included insurance, maintenance costs? it is possible to draft the agreement both ways i.e. where these costs are individually added or whether or not these individual items included in the rent. while the former is called net lease the latter is called gross lease.
Is there any leasing provision?
How the physical space you are rental is defined? This includes the use common areas such as elevators, public conveniences and hallways?
What area unit the security deposits related to the company lease?
Where area unit the collection places where people will identify your office? this is crucial for your potentials shoppers to spot your place. this is also important from a branding perspective.
What are the kind of modifications you have agreed to with the landlord? will there be any modifications? will there be any additions? in case of additions who would be owning the fixtures that were added to the physical space at the end of lease agreement.
Is there any skilled maintenance company who would be taking care of the premise? If yes, what are the credentials of that facility management company and what is their experience. this is important for the smooth running of operations once you have moved into the workplace area. in addition, also who would be paying for the upkeep costs of larger things such as air conditioners? Such things is expensive and it is important to clarify in the agreement on who is going in reality the costs of such maintenance.
Very important you should also consider the terminations clauses. Businesses today are thriving in very dynamic environments. especially startups can go both ways. many startups are there to disrupt the markets and can their returns can be exponentially rewarding. At the same time there is a tremendous amount of risk associated with them. Hence, the terminations clauses become very crucial.
