An agreement or contract plays a very important role in every deal and if you are a business owner, you need to have these documents checked and verified. One mistake or missing detail can place you in a very ugly situation.
Same goes when you are renting an office space on a business district. Before you ink an agreement or sign any lease or contract, you might need to check out the following stipulations if you are agreed on the items listed:
- Payment terms
The payment terms vary depending on the space provider. Some providers opt to charge on a monthly basis or quarterly basis. You need to check what are the payment terms being implemented by the serviced office Dubai space provider and gauge if you can follow such payment terms. If not, it would be best to look for an office space that would fit your payment requirement or negotiate with the space provider. You also need to check if the provider require a deposit, the process of deposit refund should you decided not to renew your lease and how the payment will be coursed through.
Most of the rented office space in Business Bay Dubai space providers offer have formulated and ready-made packages you can check out. That would include the size of the space being leased and the items that will be included on the space. Apart from the size, you need to check the inclusions and compare it with the items you need to run your business. Check the item descriptions and the quantity. If you will be needing more or something specific, then tell the provider right away.
- Rules and regulations
Every building and rented spaces has their own rules and regulations set for their clients. Before signing any contract, you need to know these rules and if they are applicable to your company. For example, the building operations require the air conditioning to run on specific hours but you need to extend due to certain circumstances. Will adjustments be allowed for you?
- Special request
Each business has their own requirements which may not be applicable for other businesses. Special request can be made before signing any contract. It would be best if you have certain request that you include on the contract so that the space provider will be able to check if it can be granted and will be incorporated on the new contract.