A traditional office lease is formed when a tenant rents direct from a landlord, who agrees rights to their property for a period of time according to certain conditions. The tenant is responsible for organising, managing and paying all costs associated with occupying the property direct to the relevant recipients.
Larger-sized organisations often prefer this type of lease, since they can provide their own furniture, IT and Telecom systems, and may be confident that their company is likely to have consistent staff numbers for at least the next three to five years.
Over the longer term, such a lease may be more cost-effective than other types of office solutions. But remember, negotiating terms and fitting-out the office space can be a time-consuming process. To ensure the process runs smoothly, it is advisable in these situations always to have a solicitor to act on your behalf.
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