Saracen Interiors work with some of the best commercial estate agents in London, which means that we’re in a unique position to help our clients find the best properties for sale or rent in this world-class city. The truth is that we prefer to assist our clients form the earliest stage of possible when it comes to relocating offices or setting up new commercial space.
This approach allows us to ensure that our clients end up in a property that is truly well-suited to their needs. As a result, our clients end up happier than ever. And that means that we’re happier as well. To that end, we thought we’d take a moment to highlight some of the main ideas to keep in mind when looking for space to rent or lease.
London’s commercial property market is booming. Whatever you’re looking for, you’ll find it here in one of the world’s most important business hubs:
It’s all found within the greater metropolitan area. But finding the right property for your company or organization is easier said than done. Fortunately, Saracen is here to help simplify the process.
One of the first things you’ll have to consider when looking for commercial property in London is whether you would rather rent or lease the property. Both options are certainly available, and commercial estate agents in London like those that work with Saracen Interiors can help you make the best decision. In the end, it typically comes down to budget and the ability of your business model to withstand long-term pressures without relocating.
But the vast majority of businesses are better served by a lease or rental agreement, as this allows them to set up shop and begin operations immediately without worrying about monthly cash flow or surprise expenses. After all, the down payment on any London-based commercial property is substantial.
For the most part, property in London is available for as long – or as short – of a time as you require. If you’re looking for something truly short term (i.e. a few weeks or months), then you’ll probably be better served by a temporary or serviced office. But for anything longer, you’ll find lease agreements to suite your purposes.
When it comes to standard office lease agreements, you’ll find short- and long-term leases available:
Every lease will have its own set of terms, clauses and caveats that should be well-understood before signing on the bottom line. These are some of the key clauses to look for in a commercial lease:
Furthermore, there are certain expenses that you can count on having to pay if you’re planning on renting commercial property in London. Most of these are obvious, but some may be less well-known to first time commercial renters:
In addition to paying your monthly rent and keeping up with expenses, there are certain other obligations that you’ll be expected to keep up with. It’s worth noting that you may not be required to tend to all of the below. In some cases, the landlord or even their property manager may take care of some of these. But in every case, the inclusion of further obligations should be taken into account when reviewing a lease agreement:
Always review your lease to ensure you understand all of the clauses and additional liability issues that you, the tenant, are expected to absorb. This will affect the all-in operating cost of occupying the property.
If you’re interested in renting commercial property in London, contact Saracen Interiors today and let us help guide you through the process. With our experts in your corner, you’ll find your way to a property that’s perfectly suited to your purposes, brand and budget.