In the table below we have outlined the benefits of renting a serviced office or business suite as opposed to taking out your own lease on office space.
| |
Serviced Office |
Leasing |
| Lease or rent agreement |
Simple license to occupy agreement |
Complicated legal agreement, incurring legal fees |
| Short term rent period |
Month to month tenancy |
Normally a minimum commitment of 3 years is required |
| Notice period |
One months notice |
You are responsible for the term of the lease. You may be able to sublet the office space to get out earlier. |
| Quick to move in |
Once the paperwork is signed and the first month paid for, you can move in straight away |
Once the paperwork is complete, infrastructure like telephones and Internet connections and the fitout still need to be completed |
| Legal costs |
None |
Possibly thousands of dollars |
| Cost structure |
Simple with known fixed costs for your office space |
Complicated |
| Building maintenance |
Included in the monthly rent |
Ongoing expenses associated with maintaining the rented space |
| Office fitout |
No costs, as the office is all ready for you to move in |
Normally a complete fitout to your requirements will be necessary. This will cost thousands of dollars |
| Kitchen provisions |
Tea, coffee, sugar, milk, are all included with your office space |
You must purchase your own kitchen supplies, glasses, cups, plates etc |
| Internet |
Available as an option, and ready to go instantly |
Installation required which can take up to two weeks |
| Telephone |
Available as an option, and ready to go instantly. Advanced features are included. |
Installation required which can take up to two weeks. An expensive PABX system may be required. |
| Meeting room |
Included with your office space at no extra cost |
As part of your overall rent you will be paying for meeting room space even when you are not using it |
| Office furniture |
Included with your office space at no extra cost . There are flexible options on the layout |
You will need to purchase office desks and chairs |
| Security system |
Included with your office space at no extra cost |
An security system will need to be installed costing thousands of dollars |
| Cleaning |
Included with your office space at no extra cost |
A cleaning contract will be required to maintain your entire rented area |
| Insurance |
Included with your office space at no extra cost |
Insurance will be required |
| Electricity |
Included with your office space at no extra cost |
You will be responsible for all the electricity used in the rented space |
