THE EVOLOUTION OF OFFICE SPACE – LONICflex
The biggest change to our industry over the past 5 years has been the improvement of the Serviced Office offering. As a result, when letting space sub 5,000 sq ft, tenants are competing with Serviced Offices. It has affected the conventional office market.
THE EVOLOUTION OF OFFICE SPACE – LONICflex
The biggest change to our industry over the past 5 years has been the improvement of the Serviced Office offering. As a result, when letting space sub 5,000 sq ft, tenants are competing with Serviced Offices. It has affected the conventional office market.
Serviced offices provide:
- Flexibility – all-inclusive costs on a monthly basis – pay as you need
- Small deposits
- No dilapidations
- No CapEx
- Straightforward, hassle-free contract/licence. No 70-page leases
- Quick in and out – it takes days/hours to do a serviced office deal, not weeks or months.
Serviced offices have become like hotels, with a range of 3-star to 5-star options.
Why LONICflex?
With LONICflex you can occupy conventional offices on flexible terms. This is how LONICflex works…
- We approach the landlord on your behalf for consent to sublet in part or the entire.
- The sublet is on the basis of a short-form lease/contract/licence, outside the act
- It can be for 1 month or several years
- The agreement is an inclusive agreement of all outgoings. Dilapidations are covered either by schedule of condition, within the inclusive rent or simply no dilapidations at expiry
- At expiry, if the sub under tenant claims tenancy rights, the head lease continues. The onus is on the head tenant i.e. you to ensure Vacant Possession
- The agreement may not to be used against any rent review or lease renewal within the landlord’s portfolio
- If the landlord does not agree we still market on conventional terms.
Serviced offices provide:
- Flexibility – all-inclusive costs on a monthly basis – pay as you need
- Small deposits
- No dilapidations
- No CapEx
- Straightforward, hassle-free contract/licence. No 70-page leases
- Quick in and out – it takes days/hours to do a serviced office deal, not weeks or months.
Serviced offices have become like hotels, with a range of 3-star to 5-star options.
Why LONICflex?
With LONICflex you can occupy conventional offices on flexible terms. This is how LONICflex works…
- We approach the landlord on your behalf for consent to sublet in part or the entire.
- The sublet is on the basis of a short-form lease/contract/licence, outside the act
- It can be for 1 month or several years
- The agreement is an inclusive agreement of all outgoings. Dilapidations are covered either by schedule of condition, within the inclusive rent or simply no dilapidations at expiry
- At expiry, if the sub under tenant claims tenancy rights, the head lease continues. The onus is on the head tenant i.e. you to ensure Vacant Possession
- The agreement may not to be used against any rent review or lease renewal within the landlord’s portfolio
- If the landlord does not agree we still market on conventional terms.
We are proud to be the first Agency to offer this service, working on your behalf with your solicitors/legal advisors and landlords.