The process to Sublet an Office-space
If you are not being able to bear the current rental amount of your commercial space you can opt for subletting your space to different business concerns. If you are trying to relocate in any other location but somehow are getting stuck by the lease agreement of your current business place then also you can sublet your existing space to any other concern. Therefore, for sharing your office-space to other concerns you must know the commercial space subletting terms of your locality or state. You also need to take permission from your concerned authority and your landlord before going for the concerned procedure.
If the landlord strictly mentions in your renting agreement that subletting will not be entertained then in that case you will not be allowed to opt for the same as the property originally belongs to the landlord. At Search4space.com we help you in finding an office space in bangalore for 2000sq ft 3000 sq ft 6000 sq ft 8000 sq ft up to 50,000 sq ft that can be sublet to generate additional income to run your space. You need to make proper market research in order to fix up the subletting charges as you cannot decide on your own. The value of the place and the prevailing market subletting rate will definitely help you to decide the perfect amount that can be charged to your tenants. If your business space is getting shared by more than one tenant then you need to charge the same subletting amount to all of them. This is because discrimination in the rate might results into confusing conflicts which might cause great harm to your rented business space.
How to exercise all the terms and regulations of subletting procedure of official space
Different additional expenses of your office spaces will be shared by your tenants like utility bills especially the electricity bills and phone bills, tax bills, overhead costs, maintenance and repairing costs, legal fees, advertising and commissions. One of the most sought out location for we have 1000 sq ft to 40,000 sq ft office spaces located at koramangala and other such as indiranagar, jayanagar and whitefield. If your subtenants are in requirement of personalized changes then you need to bear the cost initially and then you can adjust the same with the monthly rental installment amounts. If you are intending to find out appropriate subtenants with the help of any expert broker then you are advised not to choose the concerned method as that can involve additional expenses in the form of brokerage rather you can directly look for the same. But before subletting you must check the background details of your subtenants in order to be in the safer side and to avoid all hazards.
Legal issues on Subletting office spaces
You must make proper legal agreements with all your subtenants in order to specify the subletting clauses and the rental amount per month. Your subtenants also need to pay equally for the different amenities of the buildings like water supply, sprinkler system, escalator, garage, parking lots, and other related amenities. The internet services and the costs of the different security services like office guards, CCTV cameras, security alarms and intercom systems need to be included within the monthly sub rental of your subtenants. You also need to have a clear conception about the varied options of the subletting concept so that you can exercise your rights in a better way. You need to have a proper control over your subtenants so that no dispute arises. Your subtenants must agree all the terms of the sub rental agreement at the time of signing the same.