Home Based Business…

If you’re looking for a space other than a room in your home to run your one-man (or woman) business (it’s still a home based business even if it isn’t specifically in the home), consider the following.

Renting Space for Home Business

Renting, leasing, or buying a space for your home based business are all good options, but which one is right for your business needs?

Look at all possibilities - what if your business outgrows the space, or worse, goes under? Either scenario could end up causing you more work than you’d bargained for selling, re-leasing, or paying to get out of a rental contract.

If you can, continue to operate your home based business out of your home until you have at least one year of steady and reliable sales volume. That way you can buy or rent space based on projected growth and past performance.

Leases are almost always legally binding contracts written by sharp attorneys to the benefit of the property owner. Signing a lease agreement really corners you for the predetermind lease term (usually one or two years). Do your best to ensure, before you sign, that a re-leasing option or a contract dismissal fee is written into the document for your own protection. If the lessor won’t go for it, walk away. You’ll find other space from a more compliant property manager.

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Last Modified : August 21st, 2005 Filed under : Home Based Business Navigate : Previous post / Next post