London business centre faq's

What it the minimum lease / licence or rental period of a business centre?

Within the business centre market the minimum length of licence varies between building providers.

The minimum length of contracts varies from offices being available by the hour, by the day, week, month, quarter or year.

From a customers perspective it is more important to understand that in general the deal can be structured to suit your needs. Whether you require break clauses at certain points of the licence, variations in the notice period or virtualbility to expand or contract the size of your office over the initial term.

The flexibility of contract available will vary from provider to provider, city to city and country to country. In addition other factors that will affect the minimum licence length will be the size of the requirement, the levels of demand for a particular building, any building alterations that may be required and the price level that you negotiate.

It is important to note when securing a contract you should think past the initial contract term and negotiate a price for the office should you renew the contract. This will eliminate the chance of a large rate increase at the end of the initial term.

Another factor to consider is the expansion of the office space during the term of the licence and if you do need additional space what rate you pay for this should be agreed during initial negotiations. The same should apply for any downsizing that may take place.

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