Office Lease Checklist

·October 16, 2023·Rekaz·1 min·

Before listing your property, consider these expert-endorsed strategies to enhance its appeal and market value. From minor touch-ups to major overhauls, here's where to start.

Office Lease Checklist

Finding an office is only the first step.

Before signing a lease, businesses should carefully review the property, agreement, costs, and responsibilities.

1. Verify the Property

Make sure the office matches the property description and agreed specifications.

Check:

  • Office size
  • Floor
  • Unit number
  • Building
  • Parking
  • Facilities

2. Review the Rent

Understand exactly how much you will pay and when payments are due.

Check whether there are additional costs such as:

  • Maintenance
  • Service charges
  • Parking
  • Utilities
  • Security
  • Management fees

3. Understand the Lease Period

Check:

  • Start date
  • End date
  • Renewal terms
  • Notice period
  • Early termination conditions

4. Understand Fit-Out Responsibilities

Determine who is responsible for:

  • Maintenance
  • Repairs
  • Electrical work
  • Air conditioning
  • Partitions
  • Modifications

5. Check Restrictions

Some buildings may have rules regarding:

  • Signage
  • Business activities
  • Working hours
  • Renovations
  • Visitors
  • Parking

6. Review Everything Before Signing

Never rely only on verbal agreements.

Make sure important terms are clearly included in the written agreement.

Final Thoughts

Taking time to review an office lease can prevent expensive problems later.

When in doubt, have the agreement reviewed by an appropriate legal or real estate professional.

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