The agreement must state per seat price of a coworking office. Lumpsum cost should be avoided as the team size might grow in the future.
Damage and penalty clause
You should carefully read and understand all the responsibilities related to any damage caused to the coworking office and its property. Also, many offices don’t take the responsibility of clients personal property. If so, it should be mentioned in the agreement.
Security deposit clause
Every coworking space has its own security deposit rules. You should go through it before signing the agreement.
Before signing the agreement, you should clarify office timings and holidays at the coworking office. Make sure the same is mentioned in the agreement.
Coworking space is a shared office. Breach of privacy is very common. In order to protect your privacy, you should make sure that a non-disclosure clause is mentioned in the agreement. This clause will protect all your non-public information such as your client’s personal information etc.
Termination of contract
Coworking space agreements are service agreements which are easy to terminate. No long procedure is needed. However, the notice period of the termination should be clearly mentioned in the agreement.
House rules and policies of the coworking offices
Every coworking office has its own policies/rules on drinking, smoking, pets and children. All the policies of the office should be mentioned in the agreement.
Duration of the agreement
The agreement should clearly mention the time period for which an entrepreneur or a freelancer is renting the office space.
A certain amount of taxes have to be paid by a coworker to the government. That amount needs to be clearly mentioned in the agreement.
You as a potential coworker need to carefully go through these points before you move on to your final objective. I know you guys are very busy and your each and every minute is very precious to you, so without wasting anymore time, let’s move on to our last and final point.