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So as Nasscom puts it with approx. 4,200 start-ups, India holds the third rank in International start-up ecosystem, setting higher limits every year. In such an evolving market, one of the important concern for entrepreneurs is finding a “LOCATION”. A common mistake by most of the entry-level companies is choosing elegant business centers without working out on the capital expenditure. Undoubtedly, serviced offices are best choice but your chosen one must wrap every consideration of price range; suit every budget: economy and luxury.

Well, so is your managed office expensive? Perhaps the more relevant question would be Are you charged more than normal?’ or ‘Are you making the best of your investment?’ You need to make self-evaluation keeping in mind every business clause of yours:  renting duration, financial budget, labour costs, commute and infrastructure facilities for the perfect selection. So here are few considerations, you must look before you decide to move out or stay.

Go for a Clean Rental Contract – Your contract must be very clear and direct in explaining

  •    Terms and conditions of your rental
  •    Details of payment and its frequency
  •    Your lease tenure and notice period

In case you are not confident with your rental clauses, you can get advice from a commercial legal advisors.

Avoid broker intermediation – Breaking the best deal needs comparing the available options in the market. With more renting options you will be able to negotiate more on rental amount. Direct negotiation with the owner is always advisable, rather appointing real estate brokers; agents will try to adjust their fees to your deal, increasing your deposit value.

Deposit and Set-Up Charges – Before you move into your office space, you must expect a interest free security deposit; that’s very common. But be sure that you are not asked to pay a bulk payment, say a six months rent as advance. A two months deposit is fair enough. In addition, every business center asks for a charge for the base set-up, processing paper-work, making the contract, and there’s no way you can avoid these charges: agreed, but, make sure that you are being charged reasonably. Cross-check the payment list, reduce needless costing; your renting cost must go down if not, yours is surely an expensive center.

All in one Infrastructure Cost – When you are renting a serviced office you will look for office space which has complete infrastructure support. All your boardrooms, maintenance, office utility supply, interior furnishings, communication system and even parking must be pre-packaged in an all-inclusive rent. If your business center is charging you separately for each of these services, then probably you must re-consider your choice.

Security and Insurance – Be sure that the serviced office you are renting is secured with CCTV surveillance, watch-guards, and anti-theft techniques. Look if your business center is properly insured or not. But these should be a default service with no additions to rentals.

 

One Solution for all Hunts – Well, the key to all your searches can end with Unispace Business Center. With us, you will have a clear picture of what’s included and what not, the list of all constant and variable charges to support you a well-informed choice, which will work the best for you!

 

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