Being unable to pay the rent on your company's office can cause considerable worry and stress. With a long-term lease, your landlord will probably insist on its terms unless a new tenant is found very quickly.
Speak to your landlord as soon as possible
If cash-flow problems prevent you from paying office rent, speak to your landlord as soon as possible. You may be able to arrange a temporary reduction or payment deferral. If you expect a good project, a large order or outstanding customer payments, waiting for the rent may be better for the landlord than sending a bailiff or going to court.
Ending the lease
If the company's finances show no prospect of improving, ending the lease may be the only option. Ideally, this happens quickly and by mutual agreement. A landlord who can quickly find another tenant may be willing to accommodate you. A new tenant may also pay more, benefiting the landlord. If the landlord refuses to end the contract, you can ask a court to decide, but this takes longer and adds costs.
What to do after the lease ends
If you decide to work from home after ending your lease, it may be useful to arrange a business registration address . This address is listed in the KVK Business Register and can appear on your letterhead and other documents, keeping your home address private. Especially in higher-risk professions such as journalism or news photography, it can be wise to prevent your home address from being readily available from KVK.
Changing your correspondence address after ending a lease? Read more about changing your KVK mailing address.