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Buying business premises gives you control over one of your major financial investments. As an owner-occupier, you can choose to stay in the premises for ever. If need be, you can raise money through selling, taking out an additional mortgage or letting part of the premises.
Finding the right office premises will help you improve productivity, attract and retain good employees, and give a positive impression of the business to your customers.
As the needs of your business change, you may wish to get out of the lease on your premises.
Looking after health, safety and welfare is not just a legal requirement – it makes commercial sense. Failing to manage health and safety properly can be far more costly than getting it right in the first place. While the sheer mass of health and safety legislation can be daunting, most of it is straightforward and help and advice is widely available.
Faced with the mass of legislation, meeting your health and safety requirements can seem a daunting task. Fortunately, the most critical part of managing health and safety - risk assessment - is relatively straightforward.
Moving into new premises is usually an exciting milestone - marking the growth of your business or a new strategy. But few people realise how disruptive and time-consuming moving can be.
Compared with purchasing premises, renting is flexible and ties up a minimal amount of capital. Most businesses rent their premises, either through a lease or a licence.
Rent reviews are a mechanism for adjusting a tenant's rent to the current market level. Similarly, the revaluation of rating assessments adjusts the rates an occupier pays, bringing it into line with the current rating system.
Theft, vandalism and arson are the crimes most likely to affect your business. There is no single solution. You need to identify the particular threats you face.
We are all concerned about the environment, but most of us prefer to believe it is someone else's problem. Such complacency can be costly.
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