Legal Aspects of an Office Rental In Singapore
Most new business owners don’t completely understand the office space options in Singapore. This stems from the fact that some business owners don’t understand the legal details of these properties when they first start working. They may make mistakes, but legal offenses are something you wouldn’t want to get into.
Renting an office space in Singapore should be a careful decision because the office space you search and choose will determine your experience. Imagine spending hundreds of dollars and hours on a property only to get stuck with it due to legal complications. If you’re worried about getting stuck, this article can guide you.
Legal Aspects of Office Rentals in Singapore
If you’re struggling to understand the legal aspects of properties in Singapore, you need to understand how they work. To help you ease the process, we have listed some common office rental terms to help you better understand what you need to focus on. Let’s begin.
1. Lease Duration
There are different types of office rental spaces, which you can choose depending on what best suits your needs. However, the lease duration with these properties will always play a virtual role. A common practice in Singapore is a 2- or 3-year lease for the property, problem-free.
Moreover, the owners leasing the property may also get an extension of 4-6 years. However, this is only for businesses that have future business plans. Businesses that avoid disturbance due to relocation may also take advantage of this option.
While you cannot rent an office space to live in, you can still get an extension on how long you can use the property for your business needs. The best part is that the lease signing is usually done under 3 years. A rent review section in the lease agreement provides all the information required on this.
2. Rent Free (Fitting-Out Period)
Unlike other countries, the landlords in Singapore are pretty flexible. They generally provide a rent-free period to new tenants based on refurbishing a bare premise. If you are getting a larger space for your rental property, you may also get 2-3 months extensions if possible.
However, this may not be applicable to rental office spaces, so it’s best to check in advance. The fitting-out period is usually not included in the lease term, making the experience more streamlined for business owners.
3. Options to Renew
Property renewals are always a daunting process for businesses and residential property owners. However, when the lease term ends, you always have the opportunity to extend the lease duration. That’s highly convenient because you already have everything in place, and all you need to do is get the extension.
On the other hand, the property's renewal might vary based on the market pricing at the time. You can renew the lease for the rental property for 1-3 years with little to no trouble, making it even more worth it. However, you need to talk to the service providers before making the renewal. Remember, you will still have to pay according to the updated pricing.
4. Rental
The office rental rates are one of the lowest, making them highly affordable to pay. Even if you’re a new business with very little to offer, you can still get a good rental office space in no time.
But, it may feel a bit technical to start with the process because the pricing of the property depends on the gross rate per sq. feet per calendar month. The gross rate will also include the service charge, so keep that in check before deciding. Moreover, there’s a GST (Goods and Services Tax) that will also be added to the final office rental amount you will pay.
5. Service Charge
There’s a dedicated service charge that you need to consider instead of wondering, “Can you live in an office space in Singapore?” You will pay an average service charge between S$0.50 and S$1.20 per sq. ft.
This service charge rent is usually part of the gross rent. The gross rent includes the total amount paid to the service providers along with the amenities and services they provide, such as management, air conditioning, building repairs and maintenance, etc.
If you’re searching for an office in Singapore with all these features at an affordable price, we have some great recommendations. Here’s a list of office spaces you can begin looking with.
The Work Project (Singapore)
1 Kim Seng Promenade, Singapore
| Available Offices | 5 Offices |
|---|---|
| Capacity | 1 - 10 Desks |
| Price Range (Month) | SGD 1,769 to SGD 6,870 |
|---|---|
| AVG Desk Price (Month) | SGD 694 |
Kim Seng Promenade is all about balancing professional and personal life. It blends the professionalism of a good workspace with fun surroundings and great places to explore. The workspace is explicitly designed to cater to professionals who need quality services and control over their workspace. Here’s what this private office offers:
Property Highlights
- Fully managed office with the latest tech
- Unlimited electricity in the workspace package for extra convenience
- Printing facilities for professionals to get the documentation ready on time
- Outdoor seating area for those who want to relax after work
JustCo (Singapore)
9 North Buona Vista Drive, Singapore
| Available Offices | 25 Offices |
|---|---|
| Capacity | 1 - 50 Desks |
| Price Range (Month) | SGD 118 to SGD 33,502 |
|---|---|
| AVG Desk Price (Month) | SGD 669 |
North Buona Vista Drive is popular for the amazing views it offers. However, there’s more to the region than this. The area is known for hosting some of the finest coworking spaces, like the one on 9 North Buona Vista Drive.
The workspace is known for the finest amenities and professionally managed office space. It’s ideal for smaller teams and startups that want professional surroundings without the hassle. Here’s what this 2-person office space brings to the table.
Property Features
- Unlimited electricity is included in the pricing
- A dedicated receptionist is available at the welcome spot
- Round-the-clock services for professionals
- Fully furnished interior to help you get the most out of your work
Superco
7 Holland Village Way, Singapore
| Available Offices | 2 Offices |
|---|---|
| Capacity | 1 - 7 Desks |
| Price Range (Month) | SGD 501 to SGD 3,907 |
|---|---|
| AVG Desk Price (Month) | SGD 528 |
7 Holland Village Way provides professionally managed services at an affordable price. While the office space is valid for only one person, it is ideal for freelancers who don’t want to risk subpar service. Office Hub proudly ensures that all visitors here get on-time catering whenever needed.
If you’re interested in learning more, you can simply visit the office space and get all the information you need right away.
Property Features
- Receptionist availability to ensure easy entry and exit
- Dedicated telephone calling service available for professionals
- Shared kitchen to keep you energized throughout the day
- Printing facilities are provided to complete documentation on time
Bottom Line
Office rental in Singapore is the perfect option for business owners seeking affordable workspaces. These offices are professionally managed, making them ideal for business operations and expansions. If you’re new to the market and don’t know about office spaces, Office Hub has some great options to choose from.
Contact us today to learn more!
