Industry sector: Business services

Office based: Rent

Enter in your cash flow forecast the amount of rent you will have to pay for your premises in the months that you will have to pay it. Office space for rent is typically priced per square foot or square metre. Be aware that for many office premises - particularly those located in a shared building - a monthly or quarterly service charge is also due on top of the rent (owner-occupiers pay it too). Like office rents, service charges are generally calculated per square foot or square metre. They can be quite substantial.

If you have not yet decided on a particular premises you could contact a local estate agent who handles commercial property to get an idea of how much the rent is likely to be.

Bear in mind that your premises should be accessible to clients and staff who are disabled.

Your solicitor will help you with the lease agreement but make sure that you are clear about:

  • whether the premises can be used for the purpose you have in mind
  • how frequently the rent and any service charge will be reviewed
  • how long the lease runs for and any break clauses in the lease
  • what you and the landlord are each responsible for
  • the position as regards sub-letting