Conventional Leases: Advantages

Conventional offices are likely to be more suitable when your company reaches a certain size (say 20 people) and you are fairly certain of your likely growth over the next two to three years. Although there will be substantial initial capital costs in taking a conventional lease, your monthly outgoings are likely to be lower.

Advantages of a conventional lease include:

• Security of tenure - commercial leases give the tenant the right to remain in a building indefinitely in most circumstances
• Transparent pricing of property and other associated costs
• Space can be personalised to suit a specific companies culture
• Greater variety of buildings in terms of style and locations

Costs Involved		Renting an Office		The Disadvantages