{"id":2196,"date":"2020-12-08T10:27:27","date_gmt":"2020-12-08T15:27:27","guid":{"rendered":"https:\/\/www.wework.com\/en-GB\/ideas\/?p=2196&preview=true&preview_id=2196"},"modified":"2021-04-08T16:55:18","modified_gmt":"2021-04-08T16:55:18","slug":"understanding-commercial-subleases-and-flexible-leases","status":"publish","type":"post","link":"https:\/\/www.wework.com\/en-GB\/ideas\/professional-development\/business-solutions\/understanding-commercial-subleases-and-flexible-leases","title":{"rendered":"Understanding commercial subleases and flexible leases"},"content":{"rendered":"

IN THIS STORY<\/div>What is a commercial sublease?<\/a>When does subleasing make sense?<\/a>Commercial subleasing pros and cons<\/a>Are there risks for sublessees?<\/a>How to create a commercial sublease agreement<\/a>Using flexible leases with WeWork instead of a commercial sublease<\/a><\/div>\n

A standard commercial property lease<\/a> can be overly restrictive, especially for smaller businesses<\/a> and startups. If you’re looking for flexibility<\/a>, you need shorter lease terms and rentable office spaces<\/a> that fit your team size – both of which can be difficult to negotiate directly with a property owner. This is where commercial sublease agreements can come in handy.<\/p>\n\n\n\n

Commercial sublease agreements have a wide range of applications in both retail and office space settings. You’ll often see them in the form of pop-up shops<\/a> and restaurants, where existing or unused retail space is temporarily rented out to new artists, designers and emerging brands to attract customers and reduce overhead.<\/p>\n\n\n\n

In offices, a commercial sublease agreement allows departing tenants to cover some of the outstanding rental fees owed to the property owner until their lease expires. They’re also commonly used when a tenant is downsizing and wants to sublease a portion of the office to another company.<\/p>\n\n\n\n

The future of work is flexible<\/a>, and commercial subleases are one way for smaller businesses and startups to capitalise on that idea. <\/p>\n\n\n\n

This article is part of our wider guide to understanding commercial property<\/a>. Here, we’ll discuss the basics of commercial subleases, whether they’re a good idea for your business, and some of the risks and benefits involved. But first, let’s nail down precisely what we mean when we talk about a commercial sublease.<\/p>\n\n\n