The chunk of any business budget is spent on office space. While Office Space is one of the most important parts of your business budget, it is one of the most important parts of your business plan too. Setting up of your office in a strategic location, having a plush looking, well decorated office, creating a warm and comfortable work place for your employees all matter for your business. So you should be armed with right set of information while negotiating for such an important part of your business. The type of lease agreements When you are looking for Office Space rentals in Delhi, first learn about the various types of leases: there are rent only agreements, there can be leases where the tenant has to pay the maintenance fees, operating expenses and in some cases the insurance premiums too in addition of the rents. Calculate the rent The rents of Office Spaces in Delhi are conditioned by a set of factors such as location, area, facilities etc. If you search through a renowned real estate agent, you will find out the right thing for right price. However, always double check with your neighboring companies that you are charged reasonably for the space you are occupying. Always calculate rents on the basis of usable space and not the shared spaces such as elevators, car parking etc. Be careful with the lease agreement Go through the lease agreement in details. Be doubly cautious about the fine prints. One thing can be helpful; download sample lease agreements from the internet to get an idea about the legal aspects of such deals in Indian cities. Make sure you get the space you require Striking a deal with all favorable terms and conditions become useless, unless and until you get the space you actually need.  So the starting point of your negotiation should be based on the square feet of usable Office Space available. If you don’t get the space you need, then look for any other property. The duration of lease In India, the longer leases are welcomed by the landlords and they offer a slightly flexible terms and conditions for longer lease. If you have a long term business plan, then you can avail this opportunity for reducing the rent. Get all terms and conditions in black and white Before renting an Office Space in Delhi, make sure the entire repair and improvement works on the landlord’s side are included in the agreement. Word of mouth is nothing as long as you are not getting it in writing from the landlord. Lastly, make sure your agreement includes a rent cap; so that your landlord can’t ask for an excessive increase in your rent payments upon renewal.