Faqs

Tenant companies can use virtual properties in various ways, including for business meetings, negotiations, product presentations, education and training, entertainment events like concerts and games, and remote work. Virtual properties can adapt to a wide range of business activities.

Practically, using virtual property involves entering the virtual space and utilizing its features and services. For instance, you can hold meetings in a virtual conference room, showcase products, conduct education and training, or organize events.

If a tenant company goes out of business during the lease, the contractual termination and ownership transfer procedures outlined in the agreement are followed. This often includes settling remaining lease fees or costs and transferring or leasing the virtual property to another interested company.

Technical support for using virtual properties typically includes instructional materials for using the application or platform, online assistance, or customer service through live chat or phone support. They assist tenants with technical issues such as navigating the virtual space and using services.

Virtual properties can usually be customized to suit the tenants' needs. This may involve customizing the spatial layout, adding unique furniture, decorations, or logos, and introducing unique features like interactive elements or virtual reality experiences.

Virtual properties can help in achieving environmental goals by eliminating the need for physical buildings, travel, or energy consumption. Online meetings and events can reduce carbon emissions from travel, and sustainable design principles can be applied to virtual worlds, including the use of renewable energy sources.

Lease agreements typically have predetermined durations, but flexible options may exist. For example, a tenant can request a shorter-term lease, or there may be an option to extend the contract if it suits both parties.

Yes, every property purchase is exempt from Value Added Tax (VAT).

Yes, it is possible to transfer the lease agreement to a third party.

Virtual properties can offer a wide range of services and features for tenants, including meeting rooms, presentation spaces, concert venues, educational facilities, various interactive activities, mood lighting, customizable layouts, and more, depending on the tenants' needs.

Yes, it's typically possible to upgrade to a larger virtual property package during the rental period. Such package upgrades usually involve modifying the original contract and allow tenants to expand the size or features of the virtual property to better suit their business needs.

Yes, typically, you can downgrade to a smaller virtual property package during the rental period. In this case, tenants can choose a smaller-sized or featured virtual property by modifying or updating the contract if their business needs change or they wish to reduce the property's size.

Package upgrades or downgrades can typically affect the rental fee amount. When a tenant upgrades to a larger or more feature-rich virtual property package, the new package's price is generally determined based on the package's size and associated features. So, choosing a larger virtual property package typically results in a higher rental fee, while downgrading to a smaller package usually leads to a lower fee. However, it's essential to check the specific rental agreement, as prices and terms can vary depending on the service provider.