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How to Sublet an Office Space

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When you need office space to conduct business, you have several options. Business rentals can be expensive, but you can sublease office space, share office space or even rent it by the day or month.

Benefits of Flexible Office Space Rentals

If you're a business owner looking for flexible solutions for office space, you're not alone. More and more professionals are looking outside the box as they search for work space to conduct business. Of course, you could always sign a fixed lease, but maybe this isn't what's best for your company.

A short-term lease or a sublet might be the perfect way to get started renting office space. This allows you to test the waters to see what works for your business. For example, if you were to sublease medical office space, you'd have options if you thought that you might outgrow your space within a short time.

How to Sublet Office Space

When you sublease office space, you assume a lease for a sub-lessor who needs to vacate the space before the lease expires. Subleasing is often less expensive than typical rental rates, and you may also luck out and find a furnished space with furniture and office equipment already in place for you to use. When the lease expires, you should have first right of occupancy to continue the lease.

The subleasing process typically involves touring the space to make sure it will fit your needs. Once you've decided you can make it work, you'll need to submit an application with the lessor to be approved to take over the lease. With approval, you'll sign a contract to assume all responsibilities of the lease in exchange for all rights included with occupancy. You'll need to pay any deposits and fees, and then you can assume occupancy.

Month-to-Month Office Space

Renting month-to-month office space is a smart strategy for many business owners. When you opt for this flexibility, you can often seal the deal and move in within days. Many of these office spaces are set up for the optimal convenience of tenants, furnished with office furniture and equipment that you lease along with the office space. You have the flexibility to fold up shop at the end of a month if occupying the space isn't working for you. You can also keep extending your lease if you wish. Be aware that the terms of the lease can change with little warning, and your landlord could even opt not to continue your lease without much advance notice.

Rent Office Space by the Day

Renting office space by the day might be your solution. This type of rental agreement is ideal for professionals who don't need office spaces every day. Perhaps only you need a place to receive clients occasionally. In this case, you could rent office space for one day when you need it. Renting office space by the day can also give you access to office equipment if you need it occasionally.

Share Office Space

When your business is just getting off the ground, sharing office space can be an ideal solution. This arrangement involves sharing the rent with other professionals, and also sharing the physical space. Perhaps you can co-exist in the space at the same time by dividing the work space and sharing common rooms with office equipment. Or, you might work out a schedule where you use the space during specific hours or days of the week and the other professionals use it when you're not there. Open communication is crucial to make this type of arrangement work.

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