Office spaces are efficient for business owners and entrepreneurs to run their operations. Sometimes, sharing these commercial spaces with another person in the same line of profession or business is a great idea.

Renting office space is best for lawyers, doctors, financial planners, psychotherapists and the likes. These professionals usually do their work at home and only require office space for meetings.

If you are planning to share commercial space, there are certain things you must consider.

Responsibility

Usually, there is equal responsibility between the tenants renting office space. If someone is already renting the space, you can choose to join as a primary tenant or a subtenant. The primary tenant should inform the landlord about the subtenant and ask for approval.

Decisions

You can have the primary or the master tenant decide how the office space will be used or how it will be designed. But if you have equal ownership and responsibility with the other tenant, you have to find a way on how you will make decisions together regarding the use and design of the space.

Payment

You have to come up with a decision regarding who will be paying for the rent and for the rest of the bills. This is important especially if the use of space and time varies among the tenants.

Common Space

Common spaces are the reception area, the administrative area, work space, office equipment, storage space, kitchen facilities, and the rest rooms. You must come up with an agreement on how you will use the common space and how you will pay for it. You must also agree on how to maintain the common space.

To make sure that the agreements and the payments for sharing a commercial space with other tenants are fairly divided, it is best to consult or hire an attorney.

Related Posts
Questions which should be asked to a real estate attorney
Afterall, you are going to invest a good nest egg on it and real estate transactions are undoubtedly important. There are a plenty of things to consider when buying or ...
READ MORE
Too many people living in single rental unit….what to do?
Defining how many people can live in a rental unit is one of the biggest problems that some landlords have to face. The legally defined specifics vary per state. This ...
READ MORE
Basics for Sole Proprietorship
Are you a writer or a photographer? Are you an individual who takes on jobs on a contract basis? Are you a freelance caterer who gets paid per booking? Or ...
READ MORE
Can legal drugs cause DUI DWI arrest?
DUI DWI arrests are usually due to the use of alcohol as well as illegal drugs. Not everybody knows that legal drugs, prescription medicines and other over the counter drugs can ...
READ MORE
Know Civil lawsuits to avoid them
If you are taking a proceeding or a case of some wrong act, it might be known either as "civil" or may be "criminal" suit. Scrutinize these 2 forms of ...
READ MORE
How to fight traffic tickets (Top Strategies)
If you think you don’t deserve the traffic ticket you got, you can exert effort to fight it off. There are certain strategies you can do to successfully fight traffic ...
READ MORE
How lawyers can help real estate investors or buyers?
In many ways, a real estate lawyer can help real estate investors or buyers more than a real estate agent can. That's because they know all the complexities of real ...
READ MORE
Contracts of lease
Contracts of Lease is a common bilateral agreement between the Lessor (the landlord), the party who leases a space or a property for a fee (more popularly recognized as rents) ...
READ MORE
Why should you buy investment property under your own name?
Because it is your investment, you can always choose where to name your investment property. If you so decide to put your property under your name, below are the advantages you ...
READ MORE
Car Accidents and Law
Car injuries signify the majority of accidental injuries statements in the United States. According to the National Road Traffic Safety Management, a car incident occurs in the U.S. every ten seconds ...
READ MORE
Questions which should be asked to a real
Too many people living in single rental unit….what
Basics for Sole Proprietorship
Can legal drugs cause DUI DWI arrest?
Know Civil lawsuits to avoid them
How to fight traffic tickets (Top Strategies)
How lawyers can help real estate investors or
Contracts of lease
Why should you buy investment property under your
Car Accidents and Law