Tips For Renting a Medium Price Office
There are some tips for those who want to find a good and medium price office, lots of medium office out here that you need to consider before renting it.
What can we do to rent a medium-price office at a reasonable price, suitable location, and adaptive services during this economic time?
An office isn’t only where our employees work but also the face of the corporate. So far Vietnamese land market has been always unreasonable with demand and trusted rentees; therefore renters haven’t had many choices.
Rentees can choose their customers so improving the services is not their priority (except for A-class offices). For renters, nothing but prices and locations are their top concerns as they think services are an equivalent everywhere.
However, the market has already been rotated and balanced between renters and rentees, as during a lot of developed countries in South East Asia and within the world. Thus, renters will have much more choices.
This is an opportunity for B and C class renters to take other factors besides prices and locations into account when choosing an office. This will make office owners pay more attention to increase the quality of the services and offices in this segment.
Below are some tips that renters should consider when choosing a medium price office:
– Lobby design: Is it convenient? Does it usually suffer from traffic jams? Does it have a hall for parking cars and taxis? If their cars or taxi are chased away or fined for incorrect parking before they get off, your customers will not be satisfied and this will affect the proceedings.
– Parking: A lot of medium-price buildings absent parking lots. Therefore, you ought to choose those with enough parking for the workers and therefore the customers. It’s not necessary to elucidate how irritating and time-consuming it’s for them when not having a parking zone.
– Central air conditioning system: Is the building cool enough? Is the air fresh? Is the operation fee incorporated within the rental and repair fees?
– Elevator: Are the elevators for the office area separated from those of the residence? In many cases, the elevators aren’t distinguished so office employees are threatened when sharing them with people that live there. You absolutely don’t want your people to involve in such a situation.
– Windows: Are they tight? Can rain flow in? Are they drafty in the winter? Are there 2-layer-glass windows? For example, people that want to rent an office within the “Disaster” say that when there was an important rain, the space was saturated and every one the computers, carpets, tables and chairs were broken. It was also draughty within the winter and really cold. You certainly don’t want your office to be like this. You will be wasting money and your employees are reserved when working in such conditions.
– Toilets: Is it clean or leaked? Is the ceiling moldy? In a building where the water system is leaked, the air will get mildew and affect the health of people who work in it. Besides, repairing repeatedly will have a nasty influence on people’s concentrations.
– For complex buildings (which are very popular in Vietnam): Before renting you should carefully google to see if the investors are having conflicts with the residences. Stay away if there are any disputes between them as there are 2 risks when working here:
+ People protest in the hall and even lock the way in so customers cannot get to you for proceedings. This will impact your work.
+ The conflict will be in the news. The bigger and longer the dispute is, the more the news state. You won’t want your headquarter to be within the headlines as when customers read it, they’re going to automatically take you as a negative. This is confirmed by psychologists.
– Investors’ reputation: because of the reason above, you ought to consider the reputation of the investors. If they’re involving in lawsuits, evasion, etc., you would like to remain away because they’re not trustworthy partners.
– Investors’ financial state: you ought to google the financial status of the investor. For example, if the investor of the building you’re getting to rent an office is currently investing in other projects, they’ll get capital immobilization or lost in the short future. Their mortgage is going to be foreclosed or the properties are going to be sold off to pay the debt.
In this situation, you’ll have to move your office. Of course, you cannot be 100 percent sure about the financial state of the investor but avoid as much risk as you can.
– Deposit: Today tons of householders invite 3 month’s rental deposited in cash. However, this is often risky for renters as they can’t get the deposit returned just in case the investor goes bankrupt or is frozen the assets if they purposely break the contract (ask you to move before the due date). Therefore, you ought to negotiate to scale back the deposit in cash. (In developed countries, deposit is usually 1 month’s rental).
If you can’t decrease the cash deposit, you should require to deposit by bank guarantee or frozen account. This is a modern method that should be popularized. Your money is going to be put at a bank, which is safer than investors.
If the renters don’t pay or break the contract, the building owner can attend the bank to invite payment in accordance with the contract.
For Foreign companies that want to start or expand businesses and look for an office in Vietnam:
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