Renting office furniture has benefits such as avoiding the expense of buying new furniture and the ability to change the office’s look. However, potential downsides include high purchase prices and careful scrutiny of lease agreements.
When establishing a new office location, the idea of renting office furniture is usually taken into consideration. In fact, there are several benefits to renting one with different types of office furniture. At the same time, there are also some disadvantages that should be considered carefully before deciding that renting the furniture would be the most prudent option.
A great benefit of renting office furniture is that there is no need to absorb the major expense of buying furniture for the new office. This is especially important for small businesses that operate with a relatively low flow of cash and assets on hand. Often, the need to have an established credit rating is not a key factor in companies providing short-term office furniture rental contracts, meaning there is no waiting for credit approval. Businesses just starting out may find this attribute especially attractive.
Another advantage of renting office furniture is that business owners can change the look and feel of the office as and when needed. For example, a business owner might establish a call center with a certain type of workstation. Within a few months, business had grown and there was a need to add workstations to the office environment. Rather than bypassing existing workstations, rented furniture is simply returned and the owner selects a different workstation design or configuration that best fits the company’s current circumstances.
Along with the pros of office furniture leasing, there are also some potential downsides. Sometimes the purchase prices for rented furniture can be cost prohibitive. This means that if business owners determine that the furniture is ideal for the long term, the final count can be significant. Care must also be taken when renting office furniture, as some rental and leasing companies provide furniture that is not expected to last more than a few years.
The terms and conditions of the lease agreement should also be scrutinized carefully, as there may be fines or other charges for damages above normal wear and tear, or special charges that apply if furniture is returned within a specified period of time after delivery. When renting office furniture, always take the time to determine the quality of the furniture and make sure the terms of the lease are fair. Doing so will help minimize the potential for problems later in the relationship with the leasing agent.
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