How Your Ideal Office Space Should Be- Professional Tips For Choosing

The efficiency of the enterprise depends on several factors. Among the most important are the working conditions of employees, which are determined by the characteristics of the office.

That is why the correct answer to the question, what should be the office space, affects the final success of the business.

Office rental is very common today and is very popular not only among novice businessmen or small entrepreneurs. Even reputable companies often prefer to rent an office space for their representative offices in other cities, and then acquire their own building or space in modern business centers.

Choosing an office: basic criteria

In the process of finding a suitable premises, the head of the company must put himself in the shoes of a client or a visitor and answer to himself a number of questions before entering into a lease agreement.

All of them will concern the location, technical condition and comfort of the future office. Will it be convenient to get there? Is there where to park the car? Is it easy to find? What is the impression of the furnishing and renovation of the office? Is it comfortable in it?

The more you give affirmative answers, the more reasons to make a positive decision about rent, but provided that it is adequate cost.

So, what characteristics will be decisive in the search and selection of the future office space:

  1. Location, distance from the center;
  2. Improvement of the adjacent territory;
  3. The presence of a well-equipped parking area;
  4. Proximity to infrastructure and transport;
  5. Area, layout and number of offices;
  6. Quality of interior decoration;
  7. State of engineering communications;
  8. Availability of communication and quick access to the internet;
  9. The presence of security, video surveillance, alarm;
  10. Additional premises and services of the lessor;
  11. Terms of rent and payment.

The reputation of your company can seriously suffer from the wrong choice of office, because a nondescript sign on the first floor of a residential building, peeling basement and loose steps will not add solidity to the company. For this reason, you should not save too much on rent. We must try to find the best rented properties in Delhi for both the prestige of the company and the convenience of employees.

Which is more profitable: buy or rent?

The first and key question when choosing an office sounds extremely simple – rent or buy? The purchase requires the diversion of serious financial resources. Another drawback of such a solution is the binding to a specific place, which is far from always suitable. An additional disadvantage is the need to pay property tax.

The following are the essential advantages of renting Rented Property In India:

  • The minimum entrance fee, which rarely exceeds 2-3 monthly rental payments;
  • The ability to change the location of the office if necessary;
  • Lack of responsibilities to engage in non-core activities – maintenance of office premises and other related work.

The main advantage of renting an office is variability, which provides a businessman with additional opportunities for developing his own business. Therefore, there is nothing surprising in the fact that a significant part of business entities prefer

Keys To Buying A Rented Home. It Is Profitable?

rented property in Delhi

Is it possible and profitable to buy a house or apartment that has a tenant? In this article we are going to tell you everything you need to know about buying a rented home and for this we are going to give you a series of tips and keys so that you do not have problems in case you decide to buy a home with a tenant.

Buying a rented home, to what extent is it profitable?

We go in parts. First of all, acquiring rented properties in Delhi is more common than you think. Obviously, not everyone does it, but it is not as strange a situation as you might think.

Above all, it does not attract so much attention if we think that there are other scenarios in which there are people who sell their home and continue to reside in it or there are even situations of people who want to buy a house while selling theirs.

For all this, there are buyer profiles who buy a home thinking about an investment since they have a business idea and want to obtain economic returns with it. This profile or anyone else who thinks about this possibility must take into account the following aspects:

It is profitable?

First of all, answer the question, yes, it is profitable. In the following link we will tell you some real estate investment alternatives among which rent and sale are present, although there are more, and some of them are interesting.

Therefore, the key in this case is the duration of the contract. The question and what you should ask yourself is if you want to keep the house with a tenant who has a long rental contract.

In the event that you have the apartment for rent and we want to sell it in the future, we must establish it in a clause included in the contract.

Assuming that this clause is active, the contract must always be respected and in all cases since the current law guarantees that future owners of rented property in Noida must respect the tenants regardless of whether or not the rental contract is registered in the Registry of the property.

That is, you must take into account the duration of the tenant who resides in the apartment. Maybe he has a year left, like two or three of the contract since he just signed it recently, if you don’t care about the purchase.

On the other hand, think that tenants can also request a rental extension at the end of the contract in the event that the owner is a company or real estate and not an individual.

But this changes with the purchase of the new owner, so it would be necessary to agree on the situation once the contract is finished.

Of course, when it happens, the tenant can ask to continue living in the residence, but that the owner wants and can is another matter.

It is not obliged and has mechanisms to get the tenant to leave once the contract ends. That is why we say that it is important to know how long the contract is.

Office Rental: All You Need To Know To Rent An Office

For any professional working in the private sector, having an office is vital. Given the economic realities, leasing appears to be the best alternative to achieve this end. Let’s look at the outlines of this type of rental.

Office rental: what do we mean by “office”?

The “office” can be defined as being the nerve centre of decision making of the professional within the framework of his activities. For this purpose, it is therefore generally a furnished room which is not used for production, nor for traffic, nor even less for the sale of goods.

What types of offices to rent?

Everything will depend in practice on the nature of the activity carried out by the professional. Indeed, like homes, office premises also come in different surfaces: 50, 100, 500, 1000m² etc.

It is therefore up to the professional to determine which category of surface suits him according to his activities. It should be noted, however, that in general individual desks cost much more than other categories.

This is particularly true for small and medium-sized premises, the most sought after on the market, especially in large urban areas. To get around this economic reality, the ideal is to rent office space in Bhikaji Cama place located in a business centre.

In fact, in these “business hubs”, in most cases, the landlords turn out to be tenants themselves. These are often large-scale companies specializing in the management of business centres.

For this purpose, they therefore sublet the premises. And since the subletting is generally less expensive than a first-rate rental, the professional will find his way economically.

Apart from the “business hub”, another solution exists: apply to obtain premises within a business incubator. Given the objective of this type of organization (helping to launch young businesses), generally rents are more than affordable.

Recommended types of lease for an office rental

Three types of office rental lease are possible for renting office space:

-the short-term lease,

-the commercial lease

-and finally the professional lease.

Regarding the first, it is generally used for premises located in business centres or business incubators. It is stipulated for a maximum of two years, non-renewable.

The short-term lease has significant advantages. Thus, for example, the amount of rents is fixed once and for all when the lease is concluded. No risk of revision therefore. But the main drawback remains the inaccessibility of the right to automatic renewal as in the commercial lease.

The latter is precisely the second type of lease possible in the context of the rental of office space. Indeed, despite the fact that such a lease is in principle reserved for traders and craftsmen only, professionals exercising freelance trades also have the possibility of subscribing to it.

The only condition is to obtain the agreement of the lessor. For the professional, renting an office under the commercial lease regime will have many advantages.

The main ones reside on the duration of the lease (9 years minimum), the right to automatic renewal of the lease, or the right to receive eviction compensation in the event of termination.

Finally, lastly, it is also possible to rent an office under the professional lease regime. Unlike the other two, this type of lease allows the premises to be rented for at least 6 years.

Although less protective than the commercial lease regime, the professional lease nevertheless has the advantage of being more flexible.

To get the right office space for your business, our suggestion for you is to contact real estate agents in India.

Whatever the type of lease, it is incumbent on each of the parties involved a certain number of rights and duties: there are thus certain obligations of the owner of offices to be scrupulously respected, just as there are certain obligations of the lessee of offices to respect everything. also conscientiously for a harmonious professional rental.

Invest In Rented Properties And Get Profitability From Day 1

Compared to other products, such as investing in the stock market for example, investing in a land for sale in Gurgaon is simple because in many cases our personal experience and knowledge of the environment play a great role, all or almost all of us have bought a property at some point and have access to experiences first hand on the rental plan.

land for sale in Gurgaon

Although it is true that, a priori, great technical knowledge is not needed for the selection of a property, it is necessary to take into account a series of elements before embarking on the real estate adventure.

Likewise, there is a relative simplicity in the management of the investment after the purchase, since it is based on concepts that we know.

Two-stroke profitability

When we invest in properties we can have two types of profitability, the one that we can obtain from the rental of it and the one that we will obtain from the sale of the property, that is, the capital gain.

The profitability obtained from the rental of a property is easy to calculate and very tangible. Although the expected return at the end of our investment in rented properties in Delhi is merely speculative, and much more difficult to determine, especially in the medium-long term, but it is still a value that tends to rise.

Control over investment

When investing in the stock market, it is usually necessary to hire a “broker” to carry out the operations for you, and the value of any participation depends on market conditions and even on the actions of the people who run that company as well and macroeconomic factors, where a high level of uncertainty is assumed.

This does not behave in the same way in the case of property: once it has been purchased, you are the direct owner of the asset and have full control over it.

This is something very powerful, as it means that it can influence both the value of the property (adding value) and the cash flow (for example, increasing the income obtained from the rent).

Investing in real estate offers control that other products either by nature or management do not offer.

A property can be sold when desired regardless of how the market behaves and even when selecting tenants we can choose those that best ensure profitability or lower risk.

The price is flexible

When you buy a share, you buy at the current market price: there is no margin to trade. In the real estate market, it is exactly the other way around: buying and selling is all about negotiation.

When you buy a property you can convince a seller and, likewise, a motivated buyer could pay more than expected for the right property.

There is also a margin to find undervalued properties that can come from difficult personal situations or an asset liquidation that requires immediate liquidity. To get the best deals for buying or investing in properties, our recommendation is that one should turn to property dealers in Noida and avail their best services.

Buying Occupied Accommodation: Advantages Of A Rented Property

Buying an occupied property, that is to say acquiring a dwelling occupied by a tenant during the lease, can present for an individual, a judicious investment. Discover the features of buying an occupied home and our advice for making this type of real estate investment a success.

rented-property-in-delhi

Three strategies can be at the origin of such an acquisition:

  1. The buyer wishes to secure additional income.
  2. The buyer aims to live in the main residence in the longer or shorter term. This is particularly the case for expatriates who invest in stone in their country of origin, without having an urgent need to occupy the accommodation and who wait a few years before moving in.
  3. The buyer wishes to eventually house his children in the property.

These three situations which explain the desire to buy an occupied property should not make us forget that the practice certainly has bigger advantages.

Buying occupied property offers an attractive discount

Buying rented properties in Delhi costs less to purchase than an empty asset. The discount can be significant. The figures are not unanimous but the result is there: a price quite below the market, which can be sufficiently tempting during a period when prices are rather high.

Investing in rented accommodation allows you to know your tenant in advance

Another major advantage of “occupied sales” is that you do not need to look for a tenant in the event of a rental investment and thus be assured of not having to face a rental vacancy.

Indeed, during the signature at the notary, at the same time as the acquisition of the property, the lease transfer takes place and you become not only the new owner of the property, but also the new lessor of the tenant.

To notify the tenant of this change, you will need to write an addendum to the lease. A good opportunity to communicate your contact details or those of your representative with a view to paying future rents.

The assurance of not being faced with a rental vacancy is doubly interesting for the investor. On the one hand, he receives a rent without interruption and on the other hand, by this means, he reassures his bank, fond of this kind of investment because it involves a more limited risk.

Thanks to the rental income from the rented property, your mortgage is reimbursed

The acquisition of rented properties in Noida can be done by borrowing via a mortgage and you can count on the rents collected to repay all or part of your monthly payments. The operation can indeed be painless for you insofar as the rental income can cover all the monthly payments of your loan.

Be careful, however, an owner may wish to resell an occupied property because his tenant is a bad payer and he has trouble repaying his loan, not being able to count on the rent for that. So always ask so as not to find yourself in the same situation, the history of sales receipts.

We also remind you that you must take into account the tax on your rental income. The total amount collected cannot therefore be used to repay your credit. Remember to deduct the share that will go to the tax authorities.

How To Fulfill Your Purpose Of Renting A New Office In 2020?

We are almost in the middle of year and it is the final time to reflect on your purposes for 2020: Have you already found office space in Saket for rent or are you still looking? In the event that you are still searching, nothing happens.

You have to divide the process of renting office space in India into concrete actions that you can accomplish without making it feel like too much work. However, if you are going to rent a new office for the first time, the process can be complicated.rented-property-in-delhi

Plan: Make a List with the Needs of your Company

The importance of preparing cannot be underestimated. Or as Cervantes said: ‘Preparation is half the victory.’ Therefore, one of the first things one should consider when looking for an office is to make a list of the needs for his company.

Think About the Priorities of your Company

Think about the services you are missing now in office space, such as a private parking, larger meeting rooms or a reception service. Try to list all the things you might need, even if it’s something that may not be offered in a business center.

What are the Essential Services for your Company?

It is useful to order the wishes of your company according to their priority. Thus, when you have to choose between several rental office options, you can choose a business center in Delhi that meets the most important services that your corporate needs to succeed in the market.

When you have an ordered list with the needs of your company, you just need to make a budget before looking for fully furnished office space in Delhi for rent.

Find: An Office for rent and plan a Visit

With the preparations made, you know more about the needs and priorities of the company and the amount you can spend on renting an office. But how do you know the availability of offices for rent? And the services that are included in your price? And what is the most suitable office for your company?

Visit: Meet the Office

Take an active rather than a passive attitude during a visit. The owner will talk a lot about the benefits, but use the opportunity to ask for more information about the most important things for your company. That is, make sure you receive all the necessary information so that you can make the right decision.

However, it’s hard to handle all the new impressions from the rental office and think about the things you want to ask. Therefore, it is recommendedto make (another) list of your questions before visiting an office, and pick up your questions in the car, before entering the business center.

Visit several Offices to make the Appropriate Decision

A business center owner always has a lot of work and during a visit he will only tell you the things that he considers the most important. When you have your questions ready, you will not rent an office that is not suitable for your company.

Rent: The Time has Come

After visiting several offices for rent, it is time for the decision. Look carefully at your priority list when choosing an office, but also listen to your intuition about an office space. In the end you are going to make an important decision that affects the future of your business. In case you have doubts if a rental office is suitable for your company, you can always contact property dealers in Gurgaon.

How To Manage A Rented House?

If you have an apartment that you have rented to tenants, you should consider protection against unforeseen events: on the one hand, an insurance cover that can keep the value of the property safe and, on the other, a series of measures to prevent any damages do not cause you an economic loss.

An empty house always gives you some thoughts: the expenses for the property are there, the maintenance interventions must be done constantly and in any case, in the long run, the value of your investment could be reduced due to many controllable and uncontrollable factors. Also for these reasons many people choose to rent one or more rented properties in Gurgaon: it is a way to get an income from an investment, or to lighten the pressure of the mortgage (if on).Rented Property in Gurgaon

Before renting a house: precautions

To make a real estate investment profitable you can rent your home and guarantee a constant income over time, but there are precautions to take to avoid unpleasant incidents:

Learn about future tenants: it is not a lack of trust but it is your right to know who will be taking care of your home (and therefore, indirectly, of your money). You can organize a preliminary meeting to get to know them or even ask them to fill out a questionnaire to learn more about their family situation, profession, interests and everything that may be of interest for the management of the house.

Make sure you ask for adequate guarantees before signing the contract: it is not just a matter of agreeing an adequate security deposit, but of asking for an advance deposit. To better protect yourself, you can read up on the current economic situation of the future tenant by requesting a copy of his latest payslips.

Should this not be sufficient as a guarantee and you still have some doubts, you can ask the future tenant to activate a bank guarantee through his own bank, whose commissions are totally at his expense, to cover the rent: in this way, if they should there being delinquencies in payments, it is the bank that guarantees the sums.

House for rent: and if the tenant does not pay?

Doing everything according to the rules and taking the right precautions is essential but it does not put you completely at risk.

What can you do against renting your home?

The main risk to which you expose yourself by going for rented property in Delhi is that of default, the first worm in the mind of the owner who decides to rent and an eventuality that certainly puts him in a difficult condition.

If you have this doubt, you can protect yourself in advance by asking the future tenant to sign a bank guarantee with his bank: the future tenant will have to bind the sum equivalent to the annual rent with the credit institution so that the latter can guarantee for him. However, if you have not done so and this case should occur, you can choose to go to a civil mediation body that frees you from the delays of the Courtrooms. This option is certainly faster and cheaper.