Your work may take you away from home for some time. Suppose the duration of your travels is too long for you to stay in a hotel and too short to rent an apartment for yourself. In that case, your next option is a Corporate Apartment. A corporate apartment has the home away from home feel, with a fully furnished apartment and an adjustable leasing option that ranges from one month lease to up to five years period. This makes the corporate apartment a wonderful fit for all kinds of business travelers. To not feel like a number while getting help with corporate leasing, you must know all the basics.
WHAT IS CORPORATE LEASING?
Corporate leasing is a type of rental service for either commercial spaces or residential spaces. Alternatively, corporate leasing is renting a property (either commercial or residential) to a company or any business firm, and a legal contract backs it.
Corporate leasing, especially for the residential spaces, is made attainable to business firms and companies so that they can provide proper shelter to members of their staff when they have to travel between towns or when they are transferred completely. Instead of incurring additional costs through hotel fees, the staff gets to stay in the company-provided shelter.
WHAT ARE IMMOVABLE AND MOVABLE CORPORATE LEASING PROPERTY?
Immovable corporate leasing properties are defined as land and any properties that are permanently attached to the land. These properties include apartments, buildings, and land itself.
Movable corporate leasing properties include every other property that can be leased to a company or a business firm. These properties include vehicles, furniture, machines and machinery, and so on.
Some Things To Consider While Negotiating A Corporate Lease
It is important to know that a corporate lease agreement is drawn up and prepared by the landlord and his team. It is only fair to assume that the document and its requirements will be in their favor. Before appending your signature on the lease agreement, read through the document, and seek professional assistance for aspects you do not fully understand.
The length of the lease matters a lot. It is advisable to go for a minimum of one year and a maximum of two years with a clause that allows you to extend the contract or renew it. This should be done so that you won’t be tied down to a contract when you have to move to a bigger, better space.
Many commercial leases make use of net lease or gross lease to state the total amount to be paid by the tenant. This could be employed as a bogus means to add hidden, unfavorable costs into your lease without your consent. Get the full details on all costs, including maintenance and utilities, and negotiate the payments.
FINAL THOUGHTS
With the acquisition of this basic knowledge about corporate leasing, it will now be relatively easy for you to seek help whenever you need it.
