Flexible Lease

Short Definition:

A rental agreement that allows you to adjust your space or terms without a long-term commitment.

Expanded Explanation:

Unlike traditional 3–5 year commercial leases, a flexible lease lets you adapt as your business changes. You might start in a smaller unit and move to a larger one, or shorten your lease period if your needs shift.

WorkBay’s flexible lease terms are designed for first-time tenants, seasonal businesses, and growing teams who can’t predict exactly where they’ll be in a year.

It’s about control — you choose the space and the timeline that fits your work, not the other way around.

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Related Glossary Terms

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A workspace that already has government approval for your type of business activity.
A refundable payment made at the start of a lease to cover potential damages or missed rent.
A rental agreement that allows you to adjust your space or terms without a long-term commitment.