Looking to lease retail space or a commercial building for the first time is an exciting moment for a company owner. Even if you have been operating out of a home office for years, taking that next step announces that you and your business are moving on to the next level. Considering the importance of the moment, it can be quite emotional.
Of course, renting commercial real estate requires a meticulous approach and unwavering attention, so it’s best not to let emotions get in the way.
When your business is looking to lease a warehouse or retail space, there are a number of important factors you should consider. Keeping the following tips in mind when negotiating your retail lease will help you feel more confident.
Try for a Lower Basic Rate
The basic rental rate is usually determined per square foot rented or as a percentage of gross sales, generally deferring to the larger number. Typically when leasing retail space, rates range from $.90 to $3 each month per square foot, or 6% gross sales.
Naturally, you will want to negotiate for a fair rate. The more money you can save and reinvest into your business the more quickly it can grow and blossom.
Graduated Lease Rates
If you aren’t able to negotiate your basic rates any lower, then try to work out a graduated lease rate or a rate which starts off at a lower baseline and then climbs over time. This will ensure that you set up a little more protection for your business at the onset, when you experiment with how to increase your profits, to the end of the lease when hopefully your business is better established.
Limits on “Triple Net” Charges
The triple net is a monthly charge that covers taxes, insurance, and general maintenance. Limiting these fees when leasing retail space can be tremendously helpful, as triple net charges are widely variable, ranging between 10% and 35% of the basic rent each month.
There are a number of factors to consider when leasing retail space, including where you want your space to be located, how big of a space you need, even what type of building you need –renting a warehouse space is becoming more popular, increasing 86.2% since the year 2000 thanks to their lower price and greater flexibility.
If you’re in the midst of leasing commercial property or negotiating your terms, remember the tips listed above. Hopefully, this guide has given you the tools you need to help your business grow.
Are you sick of working at your current job? You probably never imaged you’d be at this stage in your life and yet still hate the career you’re stuck in. Luckily, no matter your age, you can always just drop it and begin the next chapter of your life career wise.
Maybe you want to start a career in construction, become a DJ, get into management, or travel the world as a photographer? All of those careers and more are viable options, you just have to know where to start. Here are a few helpful tips that will assist you in finding the career of your dreams
Work with staffing companies
Are you interested in learning more about what makes up tungsten carbide? What about tungsten carbide swarf, or the tungsten carbide recycling industry? Here is some information that will be helpful to you.
First, what exactly is tungsten carbide? Tungsten carbide is considered a composite material, which means that it is made of two or more materials (in this case, tungsten and carbon atoms) and these materials have different chemical compositions. Tungsten carbide has about double the stiffness of steel and twice the density, which makes it about halfway between lead and gold. On the Moh’s scale of mineral hardness, it falls between an 8.5 and 9. (For reference, diamonds have a hardness of 10 on the Moh scale.) Tungsten was discovered 236 years ago, in 1781, but it was not applied to any industry unt
Summer should be the time to enjoy long days and the beach or relaxing afternoons at the pool, not a time for worrying about a long lasting legal issue. If you find yourself in the middle of a patent litigation case or complex commercial disputes, you might consider finding legal representation so that you can enjoy your summer while someone else attends to the legal details of your case.
Few of us have the skills that it takes to handle the many legal situations that can occur in our lives. From employment discrimination to bankruptcy issues, it is often better to seek the necessary
The majority of public buildings you visit are likely to have elevators. Elevators are a necessity for shopping malls, multiple story buildings, and hotels. You are also likely to find them in office buildings and even in some restaurants. They are important for easy mobility from one level of the building to another. While stairs are usually an option, they are not always practical or a possibility. If you are a business that is considering a commercial elevator installation, you will want to keep the following considerations in mind.
The levels of your building
How many levels are there in your building? How many of these levels are open to your customers? While a specific number of elevators are often required for any business with multiple levels, it can actually be beneficial to
For home health care businesses, it’s important to have a number of insurance plans including home health business insurance and home health care liability insurance, but one of the most important insurances to have is home health workers compensation insurance. Home health care workers are 50% more likely to experience an injury while on the job than hospital workers, according to the US Bureau of Labor Statistics.
Home health care workers are more likely to experience injury because they are in an unfamiliar environment for most of their work day. While the patients in hospitals come and go and change rooms, the actual setup of a hospital or doctor’s office typically remains static in terms of the positioning of rooms, equipment, and offices. However, when the home health care worker is on the job they are in an environment dominated by the patient and they are at the mercy of the patient’s own organization and cleanliness.
Because of this, it is essential for your home health care business to have home health workers compensation insurance under its belt in the event that your employees suffer from injuries. Here are some of the most common injuries home health care workers are likely to experience:
- Bites and scratches from animals
While animals are not allowed in hospitals or doctor’s offices unless they are for therapeutic or medical purposes, there are no laws against having dogs and other pets on the premises during home health care treatment. Therefore, a home health care employee may suffer from a bite if a patient’s dog becomes territorial or protective.
The same is true for cats. Cats can become hostile if they feel threatened and oftentimes a scratch from their claws can be as dangerous as a dog’s bite due to the possibility of infection. The bacteria from a cat’s litter box can remain on their claws and so if a home health care worker is scratched by an aggressive or defensive cat they could end up in the hospital with an infection.
- Car accidents
Another way that home health care workers differ from traditional hospital workers is that they often perform on the job transportation, which typically falls within three categories. The home health care employee may drive on behalf of the client to pick up an item such as medication or to drop something off, transport the patient from one location to another, and drive from one patient’s home to another while on the job.
This increases the risk of the home health care worker getting in an accident. And in the event that the accident occurs on company time, they may file for home care workers compensation insurance, which is why it’s important to have your business insured in the case of these events.
- Trips and falls
Trips and falls aren’t only injuries suffered by employees in warehouses, but also may occur in the home health care business due to the unfamiliar environment of the client’s home. If a patient has moved furniture or has left something on the floor, the home health care employee may trip over it and suffer from an injury such as a sprain, twist, or fracture.
Additionally, because most homes do not have elevators, an employee carrying medical equipment for their patients may suffer from a fall on the stairs, which could also result in serious injury and the filing of a home health workers compensation insurance claim.
Home healthcare business insurance is important to have for your company, but it’s workers compensation insurance that is essential for any business owner who is responsible for more than one employee. Home health workers compensation insurance is more likely to be used by employees, as the risk of injury is more common in home health care businesses which work in unfamiliar and changing environments. To protect your employees from injury and your business from lawsuit, insure your business with home care workers compensation insurance today.
Whether you’re planning to remodel a room or 2 in your home or a total renovation, were you aware that in order to do so, your contractor will need to file a building permit? While there are some alterations that may not require a building permit, most renovations will. This does depend on the area in which you live, the size and extent of the project, and other factors of which your contractor will be aware.
This Year’s Renovation Projects
Homeowners across 5 major centers are panning to renovate this year. Recent data indicates that 40% of the homeowners in these areas will be renovating, and 31% are planning to remodel a specific room in their house. This appears to be the most popular type of renovation being planned for this year. Whether it’s adding a second or third bathroom, updating
What is steel strapping? Stainless steel is one of the most durable and lasting materials on the planet. Straps are used to combine or hold items together. When you combine the benefits of steel and strapping, you are left with an extremely strong and essential product. You are also left with a steel strapping product that is used in many different industries around the world.
The environmental benefits of the steel product
In addition to being extremely durable, stainless steel is also very recyclable. Two out of every three tons of new steel comes from old recycled stock and byproducts, such as processing liquids and steelmaking slags and dust, can also be extracted and sold. Considering that there are already so many industries utilizing steel strapping for their products, it is easily bro
Aluminum scaffolding is an extremely important part of the construction industry. It’s estimated that there are currently 2.3 million construction workers in the U.S. that rely on various scaffolds for their work. From scaffold rentals to durable newly built products, there are various reasons to use these construction tools so workers can access high structures and perform difficult tasks.
Using scaffold platforms has become an essential part of construction and other industrial operations so workers can safely perform jobs at otherwise dangerous heights. Though it’s still extremely dangerous to work even on the most secure and well put together aluminum scaffolding, construction workers should remain cautious throughout their task and not make any careless movements while up high.
Far too many accidents and serious worker injuries are a result of poor scaffolding, which is why it’s so important for site managers to ensure that all scaffolding is following safety standards and extremely safe to work on.
Some construction workers believe that working with ladders is just as effective as secure scaffolding, but this couldn’t be further from the truth. If you need to change a quick lightbulb, sure, a ladder will suffice. But if you or any member of your construction team is working extremely high, above a construction site, and performing difficult tasks, a ladder simply won’t get the job done. That’s where scaffolding comes in.
Imagine trying to move heavy materials and machinery up and down frequently to complete a construction task — it’s virtually impossible on a ladder or without a strong scaffold. What about having to access high points of a structure multiple times or in different areas? Are you really going to pick up and physically move the ladder to your destination each time you have to go up to perform a task? No! Don’t overwork yourself or your team more than you have to — use proper scaffolding and get the job done fast and right.
Talk to trusted scaffold companies to find either rentals or brand new scaffolding that your team of construction workers can use this summer to avoid injury and accomplish any task.
The times are changing.
As you retire from your kindergarten teaching job that you have been doing for more than 30 years, there are many changes that you have noticed. From the way students and teachers are evaluated to the security measures that are in place, in fact, it sometimes seems like nothing more than the passion you have for helping children has stayed the same. As you turn in your security badge that allows you to come and go from the school building at any time, you wistfully think of the days when teachers could still use a simple key to enter the building.
As the secretary reminds you that the technology department will keep your school email and employee access links open for another 48 hours, after that time you will no longer have access to any of your files unless you have kept