Offices to rent, let and lease – what’s the difference?
This is often a point of confusion. There is actually no difference between offices to rent, offices to lease and offices to let. They all mean exactly the same thing.
As an individual interested in office space you have a couple of options. Firstly, you can take out a mortgage on a property. This will often not suit a business as there is no flexibility for growth or relocation as the company expands.
Secondly you can rent some office space. When renting an office you are given the opportunity to take on the lease for a certain period of time. This could be anywhere between 1 year and upwards and quite often, better rates are achieved by those looking to commit for a longer duration. When renting an office it is necessary to find what is included with the rental. This may include, telephone lines, maintenance, business rates. Alternatively, it may not!