Identify Real Estate Needs and Objective(s)
Company may set objectives according to its needs for office planning. Needs such as change in workforce headcounts, business merge and acquisition, and budgeting etc will result in different objectives. A clear and detailed objective is key for decision making in following stages.
Market Research
Information such as market trend, locations and rental analysis, availability of options, and related legal and government policies are useful.
Consult Your Property Agent
Always consult your property agent for more information. A reliable agent could help to provide analysis, strategic advice, and options for your consideration. The agent’s guidance would highly save your costs and time in office search and planning.
Site Inspection
Go on-site and inspect the premises, nearby community and facilities in person according to your needs such as size, location, budget, and other technical requirements. Plan the timing for decoration and relocation works ahead.
Submit Offer Letter & Negotiate Leasing Terms
Advise to submit offer letters and negotiate with landlords for sort-listed options after site inspection. The offer letter outlines your favourable leasing terms and conditions for landlords’ consideration. A best and final lease package will be settled after several rounds of communications.
Options Review And Final Decision
Study the feasibility of each sort-listed options such as decoration budget and layout design, IT requirements, or any other technical issues, all together with the landlords’ final offer package, to finalize your decision.
Legal Contract and Stamp Duty
To confirm a lease, landlord and tenant will both sign legal lease documents such as provision tenancy agreement and formal tenancy agreement. The contracts are binding and you are advised to get it stamped at government department to evidence transaction.