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Test Renting an office
Agenda
QUESTION 1: WHAT TYPE OF SPACE IS RECOMMENDED TO RENT FOR A START-UP COMPANY THAT PROVIDES COACHING TO CLIENTS?
A dance studio
A large commercial space
A small office with a desk, filing cabinets and appropriate decoration
A gymnasium
QUESTION 2: WHAT IS THE MOST IMPORTANT THING TO CONSIDER WHEN LOOKING FOR A RENTAL LOCATION?
Determine the budget and what the rent can afford
Evaluate the physical characteristics required for the business
Negotiate well with the landlord
Have knowledge or experience in construction
QUESTION 3: WHAT IS THE BEST ADVICE FOR PLANNING YOUR BUSINESS FOR THE LONG TERM?
Moving to another location every two years when the initial space becomes too small
Rent temporary space and move to another location when needed
Plan ahead and find a location that will allow the business to grow
Plan everything from the outset and adjust for future success
QUESTION 4: WHAT IS AN ESSENTIAL CHARACTERISTIC OF ANY COMMERCIAL SPACE REGARDLESS OF ITS ACTIVITY?
A kitchen for baking
Mirrors on the walls for a yoga studio
Good electrical circuits
Wood floors for a dance studio
QUESTION 5: WHAT IS THE MONTHLY RENTAL RATE FOR A THOUSAND SQUARE FEET OF COMMERCIAL SPACE THAT COSTS $14 PER SQUARE FOOT?
900 dollars
1166 dollars
1200 dollars
1500 dollars
QUESTION 6: WHAT IS THE MAIN PURPOSE OF NEGOTIATING A COMMERCIAL LEASE?
Ensure a low rental price
Getting a good location for the business
Getting improvements at the rental site
Ensure that the contract covers details important to the operation of the business
QUESTION 7: WHAT IS THE QUICKEST AND MOST COST-EFFECTIVE ALTERNATIVE FOR RESOLVING COMMERCIAL LEASE DISPUTES?
Judicial process
Mediation and arbitration
Out-of-court settlement
None of the above
QUESTION 8: WHAT IS THE MOST IMPORTANT FACTOR TO CONSIDER WHEN CHOOSING A LOCATION FOR A BUSINESS?
The condition of the building itself
Parking availability
Neighborhood safety
Convenience and accessibility of the location
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