Sophie
Lloung
Paris broker
Practical guide to subletting offices during the Paris 2024 Olympic Games
As the opening day of the year's most anticipated sporting event approaches, the city of Paris is preparing to welcome more than 15 million visitors, including athletes, spectators, industry professionals and tourists. Would you and your staff like to escape the chaos and make the most of the Olympic Games by temporarily leaving the French capital? Don't worry, there's a solution!
Many are considering the option of subletting offices during the 2024 Olympics. There's no better way to escape the commotion, while optimising your company's expenses. In this article, discover everything you need to know about subletting an office in Paris during the 2024 Olympic Games.
Benefits and challenges of the 2024 Olympics: why consider subletting your office?
Since their announcement, the Paris 2024 Olympic Games have generated vibrant anticipation and high expectations. With more than 15 million visitors expected in the summer of 2024, Paris is preparing to host an unprecedented global sporting celebration, offering a unique opportunity to showcase the capital's cultural richness and hospitality on an international scale.
However, this substantial surge in visitors also raises considerable logistical and organisational challenges. Local authorities are anticipating an inevitable saturation of the city, leading some people to decide to leave the metropolis temporarily. On the business front, Parisian companies are also preparing to cope with the impact of the Olympic Games on their daily routine.
In response to the city's impending congestion, numerous companies are considering taking advantage of the summer holidays and/or promoting remote working, allowing their employees to avoid the urban hustle and bustle while maintaining optimum productivity. This strategic decision offers companies the opportunity to optimise their costs by subletting their office space to international companies involved in the 2024 Olympic Games.
Wondering if this approach might be right for your business? If so, read on to find out everything you need to know.
5 things to know about subletting an office during the Paris 2024 Olympics
There are numerous advantages to subletting office space, particularly this summer! Concerns about commuting during the Olympic Games have led many Parisian professionals to opt for full-time remote work. However, before making this decision, there are several considerations and regulations to keep in mind. Here are the main points you should be aware of:
1. The initial lease
Subletting office space in Paris, whether partial or total, is subject to strict legal rules and requires explicit approval from the landlord. Before starting the subletting process, it is crucial for the tenant to carefully review the clauses of the initial lease to determine if the landlord has already included provisions related to subletting.
2. Authorisation request
If there are no such clauses, the tenant must take the necessary steps to obtain the landlord's written authorisation, a process that begins by sending a formal notice informing the landlord of the intention to sublet the office. The landlord is then required to respond within 15 days. The absence of a response during this period is considered to be tacit consent to the subletting. However, to ensure its validity, the tenant must invite the landlord to participate at the signing of the sublease contract.
3. Penalties for unauthorised subletting
It should be noted that subletting without the formal authorisation of the landlord exposes the tenant to penalties prescribed by law. These penalties can take various forms, ranging from financial penalties to termination of the lease. It is therefore essential for the tenant to comply scrupulously with the legal procedures in order to avoid any risk of legal complications.
4. Sublease duration
It is also crucial to clearly establish the duration of the sublease in a written contract between you, as the original tenant, and the subtenant. This is vital to avoid any ambiguity, and to ensure a transparent and fair subletting relationship.
5. Insurance
Finally, consider whether your current insurance policy covers subletting. If this is not the case, it is advisable to explore additional insurance options to ensure both the original tenant and the subtenant are adequately protected against potential risks and liabilities.
Flexas.com's personalised assistance
If you are interested in subletting during the 2024 Olympic Games, don't hesitate to get in touch with our experts. We have a team of professionals on hand to support you throughout the process, from creating your listing to finding tenants. Our office space brokers are there to answer your questions, assess your specific needs and guide you through the subletting process.
Contact us now to benefit from personalised advice, find the ideal tenants for your workspace and escape the hustle and bustle of the 2024 Olympics!
