I opened The Desk & Easel in January of this year. I have 3 private spaces and the rest is open/shared work space. I’m currently leasing the private spaces on a monthly basis with no lease agreement. I have had mixed success. The first space has been rented since March by the same member. The other 2 have had constant turn over. I’m considering requiring a short term lease agreement. I was wondering how others handled the leasing of their private spaces.
Hello Comunity, I d like to know as well.
We have created a “Business Centre Service Agreement” for our clients in India who use the space. Does everyone follow lease agreements or memberships only? If Memberships only, where do you classify your business? As a Business Centre or Business Club? Does it affect the category of registeratons with the government in case of taxes?
We have our agreement structured as a “membership agreement” even for our private offices which gives them access to XYZ amenities as opposed to a lease agreement. The idea is that we can easily cancel a membership if they didn’t comply with our terms, where as with a lease, you would have to go through an eviction process. Please consult with an attorney in your local area as to which structure makes sense for you.
Good luck!
Michael
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On Sun, Dec 9, 2018 at 10:34 AM 603 The CoWorking Space India [email protected] wrote:
Hello Comunity, I d like to know as well.
We have created a “Business Centre Service Agreement” for our clients in India who use the space. Does everyone follow lease agreements or memberships only? If Memberships only, where do you classify your business? As a Business Centre or Business Club? Does it affect the category of registeratons with the government in case of taxes?
I opened The Desk & Easel in January of this year. I have 3 private spaces and the rest is open/shared work space. I’m currently leasing the private spaces on a monthly basis with no lease agreement. I have had mixed success. The first space has been rented since March by the same member. The other 2 have had constant turn over. I’m considering requiring a short term lease agreement. I was wondering how others handled the leasing of their private spaces.
We have our agreement structured as a “membership agreement” even for our private offices which gives them access to XYZ amenities as opposed to a lease agreement. The idea is that we can easily cancel a membership if they didn’t comply with our terms, where as with a lease, you would have to go through an eviction process. Please consult with an attorney in your local area as to which structure makes sense for you.
Good luck!
Michael
On Sun, Dec 9, 2018 at 10:34 AM 603 The CoWorking Space India [email protected] wrote:
Hello Comunity, I d like to know as well.
We have created a “Business Centre Service Agreement” for our clients in India who use the space. Does everyone follow lease agreements or memberships only? If Memberships only, where do you classify your business? As a Business Centre or Business Club? Does it affect the category of registeratons with the government in case of taxes?
I opened The Desk & Easel in January of this year. I have 3 private spaces and the rest is open/shared work space. I’m currently leasing the private spaces on a monthly basis with no lease agreement. I have had mixed success. The first space has been rented since March by the same member. The other 2 have had constant turn over. I’m considering requiring a short term lease agreement. I was wondering how others handled the leasing of their private spaces.
Big +1 for license agreements over subleases, but neither of these is going to fix a churn problem.
Churn like that is a clue that something is wrong, and I’d be asking why are people leaving so often instead of “how can I force them to stay?”
Is it that you’re attracting people who don’t have stable businesses? Or people who just want a no-commitment space, but don’t care about the other people in it?
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The #1 mistake in community building is doing it by yourself.
