What does it mean to sublease an office space?
Subleasing is an excellent option for companies seeking flexible lease terms. A sublease can mean taking over an office space from the sub-lessor as he or she vacates it prior to the expiration of the lease, but it most often means leasing shared office space from the sub-lessor.
What’s the best way to lease office space?
The Sublease. Subleasing is an excellent option for companies seeking flexible lease terms. A sublease can mean taking over an office space from the sub-lessor as he or she vacates it prior to the expiration of the lease, but it most often means leasing shared office space from the sub-lessor.
Where can I find short term office space?
There is more bad news for companies looking for short-term space in the conventional office space market. Company XYZ finds 500 square feet of space in a building that suits its needs, with a landlord willing to lease it for a twelve month term.
How big is my office in my new house?
Our new home is about 700 square feet smaller than the home we’re leaving. Which essentially means that I am losing my home office space. I have been pretty bummed about losing one of my favorite spaces in my house, but it is what it is.
What happens when you sublease your office space?
When you sublease your office space, you become a sublessor, and those renting from you become your subtenants. The subtenants sign an agreement with you and pay you rent directly. Then you pay the entire rent to the landlord. Businesses choose to sublease some or all of their office space for many reasons,…
How do I find out if I can sublease my office?
Check your lease. Don’t go through all the trouble of finding subtenants before ensuring you’re allowed to sublease your office. Dig up your leasing contract and make sure it allows for subtenants. Have an attorney read the lease and help you determine whether you can sublease, and if so, which terms and conditions apply.
How much does it cost to rent an office space?
But for longer-term rentals, as you’re browsing your options online, you’ll typically find that prices are listed per square foot of office space (per month or per year, generally).
What’s the best way to Sublett an office?
The subletting process can be made easier by working with an experienced real estate broker who can review all the clauses of your existing lease, advertise the listing for you and screen potential tenants for you.