Think about how the building works from the viewpoint of the tenant. Making small changes can transform the impression that tenants and visitors have of the building. Some key areas to consider are set out in the diagram below: Legal Issues: Use in Locality’s Legal Toolkit to decide on whether to use a tenancy, licence or tenancy at will. We recommend that you take legal advice. Do not rely on the fact that a document calls itself a licence; if the terms of the licence create a lease, then you have given your tenants a lease and may have breached your own lease. If you hold your building on a lease, you may need landlord’s permission to sub-let. Setting the Rent: Make sure that you understand the costs you will incur in providing managed workspace – this includes the staff needed to provide any services you include in the rental charge. See section ‘Understanding Costs’ for more information on this and an example expenditure budget. You should also include your marketing costs – see the section ‘Marketing’ for more details about the importance and effectiveness of marketing your workspace and rooms. Does your rental charge include the following items?
Think about how the building works from the viewpoint of the tenant. Making small changes can transform the impression that tenants and visitors have of the building. Some key areas to consider are set out in the diagram below: Legal Issues: Use in Locality’s Legal Toolkit to decide on whether to use a tenancy, licence or tenancy at will. We recommend that you take legal advice. Do not rely on the fact that a document calls itself a licence; if the terms of the licence create a lease, then you have given your tenants a lease and may have breached your own lease. If you hold your building on a lease, you may need landlord’s permission to sub-let. Setting the Rent: Make sure that you understand the costs you will incur in providing managed workspace – this includes the staff needed to provide any services you include in the rental charge. See section ‘Understanding Costs’ for more information on this and an example expenditure budget. You should also include your marketing costs – see the section ‘Marketing’ for more details about the importance and effectiveness of marketing your workspace and rooms. Does your rental charge include the following items?