You have found a perfect office in China? However, you will still need to sign a contract to make your lease legal. Commercial leases are generally much more complicated than residential leases. So make sure you have paid attention to the following 4 points:
You have found a perfect office in China? However, you will still need to sign a contract to make your lease legal. Commercial leases are generally much more complicated than residential leases. So make sure you have paid attention to the following 4 points:
1. The Length of Lease
Business leases tends to last a minimum of three to five years. If you want a shorter lease, you will need to pay more. Make sure you understand the penalties you face for breaking the lease, and how you can get out of the lease legally before the end of the term. For example, find out whether you can sublet the space should you need to move.
2. The Tenant Improvement
Sometimes you will need to make alterations or improvements to your office space. Make sure your lease gives you free reign to make any capital improvements you need at your own expense, like network wiring, additional bathroom or kitchen facilities, building or tearing down walls, or adding heating or cooling systems.
3. Indemnification
As an employer, you and your business may face a lot of potential liabilities. Your lease should make it clear who will be financially responsible if someone is injured in your office, or if an accident or natural disaster damages equipment or prevents you from doing business.
4. Services
This is also the basic guarantee for you r business development. If your landlord provides cleaning and security services, you should know clearly whether the costs are included in the lease. Remember to have a lawyer review the terms before you commit.