PRICE COMPARISON
Our Managed offices are provided not in the
form of a Lease, like conventional office premises, but in
the form of a Licence. The main differences are detailed below:
| ITEM |
OFFICES 4 NOW
LICENCE |
CONVENTIONAL OFFICE
LEASE |
Commitments (Term)
|
Start and Finish at times to
suit you! (you can terminate on just 13 weeks written
notice)
|
Normally between five and twenty
five years
|
Occupation costs
|
One off Registration Fee of £750
|
You pay Solicitors fees for both
yourself and your landlord, survey fees, stamp duty
|
Premiums
|
None
|
Most lease reassignments demand
a Premium relating to the fixtures and fittings. This
can often be many thousands of pounds
|
Disposal costs
|
None
|
Estate Agent fees, legal fees
and possible "dilapidation order" by landlord
to decorate and make good all alterations / repairs
to the premises. Void period whilst you have vacated
but not yet assigned the Lease.
|
Building Insurance
|
Included
|
Extra - paid by landlord and
recharged to tenant
|
Rates
|
Included
|
Extra - payable to the Local
Authority and representing anything between 20% and
40% of your Lease rental figure.
|
Heating
|
Included
|
Extra
|
Lighting & Electricity
|
Included
|
Extra
|
Repairs
|
Included
|
Extra - all repairs or defects
in the building will be your responsibility and liability.
This can often represent a large potential liability.
|
Maintenance
|
Included
|
Extra - you will be responsible
for all costs relating to the maintenance of the building.
|
Cleaning
|
Included
|
Extra - you will need to arrange,
supervise and pay for office Cleaners and their supplies.
|
Residual Liabilities
|
None
|
Your commitment is for the length
of the lease, if any future assignee fails to meet their
liabilities then you can still be held liable under
the original lease !
|
With your Offices 4 NOW premises, you can
give notice and be completely free from any further obligations
at the end of the notice period (normally 13 weeks). This,
combined with the ability to take larger or smaller office
suites, makes our offices the ideal environment for small
growing business, area offices or even for high risk or speculative
ventures.
In our offices, not only do you get superbly
equipped and presented offices in a friendly and professional
environment, but you are also protected from the risks, liabilities
and inflexibility of the traditional commercial property lease.
|
