Know What Not to Miss while Signing a Co working Agreement

Almost everyone is quite familiar with the term co-working and what it entails and how it is beneficial for everyone involved.

The trend has taken the business community by storm and is here to stay a while.

But, before letting out or signing an agreement for coworking space in navi mumbai, there are a few points that should not be missed by both the parties involved and should be taken seriously.

From the owner's point

-- Decide on the lease period

Before letting out the workspace, determine what kind of agreement you want and for how long the tenant wants the space for. Also, determine if you want to lease out the entire property to be served as a co-working space by a third party. In doing so, you will have to relinquish most of your rights over the property.

-- Determine the level of services

If as an owner of the coworking you are letting out the space, make sure to include the services you are providing such as air conditioning, printers, scanners, telephones, cafeteria and such and make it clear as to who can use them.

-- Set rules and guidelines

There is not business owner in a co-working; almost every person is a boss of himself or herself. There are people from different businesses, have different timings, and such. As an owner you need to set down some guidelines and rules that need to be adhered.

From the tenant's point

-- Be clear on money

Money is usually the reason for problems when leasing or renting a workspace in navi mumbai. Define the rent in clear terms and the mode of payment and payment date in order to avoid any confusion at a later date.

-- Services provided

Before signing on the dotted lines, read the agreement and make sure all the services promised have been included and are provided. Each service, amenity, and equipment should be clearly listed out.

-- Terms of termination

How will the termination of the contract workout? What terms have been agreed upon by both parties? All these need to be mentioned in the agreement to avoid hassles at the time of termination of the agreement.

About Kontor Spaces

Started with the idea of transforming the traditional office into a fun way to work, Kontor spaces provide co-working spaces for freelancers and entrepreneurs. The design of work space, location and community are the key features of Kontor space. Power packed with amenities and all modern communication systems, they are one of the best in their field.

For further details visit- or Call us - 022-62790000 / 1


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