Conventional Leases: Disadvantages

Disadvantages of a conventional lease include:

• Pinpointing, agreeing terms, refurbishing and fitting out can take several months and requires a substantial capital outlay
• Minimum lease commitments are generally between three and 15 years, so expansion can be problematic
• Expansion space is unlikely within the same building
• Long rental deposits are required for new or non-profitable companies
• Capital outlay will be required at the end of the lease to pay for dilapidations liability

Costs Involved		Renting an Office		The Advantages