Malta has a strong economy, which is why it is an ideal place to run a business. It also has a low crime rate, so wherever you are in the neighbourhood, it’s something less to worry about. Whether you have been operating your company for a long time or you are looking to start your business, an office lease is one of the most important things to consider. Some spaces are available for lease at Frank Salt Real Estate.
There are various things that you need to consider when getting a lease for your office. If you are currently leasing a space, and your contract is about to end, it’s time to consider if you will be renewing the lease or it’s best to move to a new office. Always shop around to compare your options. It’s to make sure that you are getting the best deal. Here are some tips for finding an office space to lease.
Know your requirements
Be clear with what you need before searching around. For instance, what size of office you require, if it has a high volume of foot traffic, or if it has ample parking area. It will be easier for you to determine which options will be on top of your list and which do not meet your needs if you know what you are looking for right from the start.
Determine the rates around the area
Thorough research is your friend to find the right choice. Compare similar properties around the area where you are eyeing to get your lease to know the price range. You will have a basis if the price that will be offered to you will be too high.
Decide if it will be a short-term or long-term lease
Weigh the pros and cons if you will sign a short-term or long-term lease. The benefit of a short-term lease is that you can easily move to a new office, in case you find a better place. A long-term lease is more convenient since you do not have to worry about being asked to move out in a short period. If the office has everything you need and the rate is competitive, it would be a better choice to go for the long-term lease.
Hire a commercial lawyer experienced in office lease contracts
Lease contracts can be complicated. To ensure that you are clear with everything and the terms will work out for you, hire a commercial lawyer with extensive experience in handling lease contracts. They could work on your behalf to ensure that you understand what is written and there are no holes that could surprise you or might work against you in the long run.
Don’t be afraid to negotiate
The landlord will give you a draft of the contract. Again, work with your lawyer to ensure that you understand the terms. Don’t hesitate to negotiate. For instance, you may ask for a better rate or request for renovations or upgrades to be deducted from your lease.
Finding the right office to lease in Malta will not be difficult because of the excellent options out there. Do some research and comparison, and you will find the perfect choice for you.
Contact Frank Salt Real Estate today if you are interested in searching for a Malta property for sale. It’s a reputable company that has been servicing local and international clients for their real estate needs. They have been a trusted name in the industry for over 50 years. Find out more about their service by reaching out to them.