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What Do You Need to Consider When Renting Out Office Space?

Sorting out an office to rent is not quite the simple process that it is often purported to be. In theory, it should be relatively easy: make sure the electrics work, keep up basic maintenance and someone will rent it from you. However, it can be a great deal harder.

Why Is It So Difficult?

It can be problematic because of the sheer number of things you need to do, and the number of things that can fall right on your head if something goes wrong or slips out of place, and you don’t have the proof or paperwork to show that whatever happened wasn’t your fault. This can be something that puts a lot of people off renting something out in general, and that is without considering bad tenants.


What Do You Do in the Event of a Bad Tenant?

If it is a business renting out an office, you need to know that it is different from someone renting out a house or a flat. This means that the business might have an employee who is disruptive and can cause damage to the property and no one knows who it was. Or it could be the business itself who you have occupying your office just doesn’t care and will do what they want where they want.

If you feel that you do have a bad tenant, or you feel that you need to prepare just in case, here are some things that you should invest in:

  • Surveillance. This can help you get proof in court and can also be shown to the business in question to allow you to ask for compensation without getting the authorities involved. You might also feel that it is appropriate to tell real estate agencies who manage the marketing side of the rental that this company is irresponsible and should not be allowed to rent from them.
  • Insurance. You should have everything insured because of damage, and you might not be able to afford to be able to get it replaced. This, plus surveillance can help you get the compensation that you need to get everything back on track.


There Are Other Things That You Need to Bear in Mind Too

These are things that can help your property rent faster. This doesn’t have to be anything huge; it can be little touches that can help the appeal of your property grow to any lookers who are wanting a new office space to expand their business in.

Renting on your own is exceptionally difficult, too, so you should make sure that you are working with a real estate agency to help you get the best value for money and make sure that you are setting realistic goals for the property. They can also help you with paperwork and other areas, to help you make the best decisions for your office space and who it goes to.

#1 You Need to Think About Curb Appeal 

Curb appeal is an important part of making your property rent. You need to make sure that you are keeping up appearances on the outside of your property. This isn’t just maintaining the building itself; it is also maintaining the land around it. This can be things such as the property parking lot. You are going to want to make sure that it is well-maintained and fresh-looking so you should be looking into businesses and services such as to help you make the right first impression to any would-be renters.


#2 You Are Going to Want to Make Sure That the Interior of Your Office Looks the Part

In the business world, this typically means clean-cut, neutral, and minimalist design. This can help renters make the place their own, while still being reminded that they don’t own the space that they are in. by using neutral colors, you can make it suit any business, and cut down on the chances of the decor distracting your tenant’s employees. This can make it far more appealing for them to rent out your site, as it is depersonalized and more of a ‘blank canvas’.


#3 You Are Going to Need to Make Sure That the Space Is Well-Maintained

This might be bringing in a janitorial team to make sure that the place stays clean. This is important to make sure the place is ready to be viewed at any time, and that your property is to a high standard. This might just be vacuuming the floors and polishing the windowsills, but it can make all the difference to viewers. It can also maintain that professional and bland look that most companies look for in their offices.


#4 You Are Going to Need to Make Sure That the Building Remains Undamaged

This is important when it comes to looking at the quality of the building. You might find that in strong winds and stormy weather, the building struggles to remain in good condition, especially if it happens to be an older property. This can cause leaks and other forms of water damage, which can damage the property irreversibly. You need to make sure that your building remains in excellent condition and have it checked over to make sure that there aren’t any problems at least once every couple of months. Spotting any problems early on can be a crucial part of the letting process and can help you avoid complications later.

Also Read: What Benefits Does Office Cleaning Provide to Your Company?


A Few Final Thoughts

You are going to need to make sure that you are making the best decisions you can when it comes to renting your property. This can be making sure that you have surveillance and insurance in case you encounter a bad tenant, or giving tenants the option to pay rent in installments. Or it can be making sure that your building has plenty of curb appeal. It can even be maintaining what it looks like on the inside. Either way, there are a lot of things that you need to consider when it comes to renting an office property.