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Before you begin looking for a great commercial real estate space for lease for your company,you will need to get educated about the commercial real estate leasing procedure. Being ready will keep you from making foolish decisions and costly mistakes thatyou will come to regret later on. The following are some insider suggestions to help make an informed choice when letting a commercial space your business

Start the process of hunting for commercial space at least 6-12 months before your current lease expires or until your perfect move-in-date. Locating the correct space and negotiating the deal alonewill take 1-2 months depending on the size space and current market conditions. In most cases the spaces you like will require some sort of tenant improvements which the time needed will depend on the scope of work.

Thoroughly examine your company’s present and future needs. Consult with the various department heads for input as well as some key employees.

Get acquainted with allthe commercial real estate terms and meanings. Different landlords say and quote things differently. If you’re unsure about what they mean don’t be afraid to ask them to provide more information.

If you’re not knowledgeable about the commercial real estate leasing process or the present market conditions then consider engaging the support of a tenant rep such as Austin Tenant Advisors. Their services don’t cost anything since building owners pay all the leasing fees. The landlord rep will have an knowledgable listing agent representing them so it would be a great idea for you to have one as well.

Personally see all the spaces that meet your needs so thatyou can make a short list. Keep in mind that the designs can be reconfigured so don’t get stuck on that. Ask the landlord agents a lot of questions regarding the ownership,property amenities,required lease term length,how much the landlord is willing to give in tenant improvement allowances,etc..

Do not settle for the first commercial properties you believe is acceptable for your needs: continue searching until you have at least 2 to three alternative options. These extra options will work to your advantage since you will know what to expect throughout the lease negotiations and you’ll gain more leverage with numerous building owners competing for your tenancy. They also give you something to fall back to if the negotiations for your first choice go sideways.

Send out proposals to your top three to five options. These aren’t legally binding. You don’t ever need to have a landlord representative’s verbal note. Everything should be in writing.

To help you decide what property is best suited for your business,prepare a spreadsheet to do an apples to apples comparison of every property. Some of the things you should consider include the dimensions of this space,the asking base rental rates,the necessary lease term,and the incremental costs (taxes,insurance,maintenance,etc). It is also possible to take note about the pros and cons of each property. If you’re budget conscious then you can quickly narrow down the list by simply calculating the monthly base rents for each property then removing those that are way above your budget. The monthly base rent is calculated by multiplying the industrial space square feet by the asking base rate and any operating expenses then dividing by 12.

If any of the commercial spaces require tenant improvements then it’s important that you figure out what improvements you want on each and get preliminary bids. That way if the landlord is offering a tenant improvement allowance you will learn how much out of pocket you’ll have to pay above and beyond what the landlord is willing to give.

Carefully examine and compare the terms of each proposal. Consider whether it is logical to return to every landlord to negotiate additional concessions. Be certain you fully understand the total expenses you’re expected to cover. Do not get emotionally attached to a specific property until the negotiations are over. Emotional attachment might result in you signing a contract thatyour business can’t live up to.

After negotiations are finalized and you have made your selection now it’s time to have the landlord offer you the first draft of this commercial rental contract.

Now it’s time to review the commercial rental contract. It would be advisable for you to hire an attorney to review the lease. If you have a tenant agent then they could review the lease with you also. Commercial lease language could be negotiated. If you don’t like particular lease items or want to propose new language now is the time to do so.

Once the end of rental contract negotiations has ended the landlord will supply you a copy of the lease to review and sign.

There are several more things to think about when renting commercial property however these ideas will help get you started. If you’re a new business renting commercial space for the first time or an current business who has just leased 1 or 2 spaces then consider getting help from a tenant rep. Their services do not cost you anything and you’ll save a great deal of time and money.

Florida tax relief is the answer to your tax problems. Whether you are overwhelmed by tax debt, facing tax penalties, considering bankruptcy, considering alternatives to your current situation, or you simply want to know what you need to do to properly address your tax problems, a qualified attorney should be consulted. Most tax lawyers can offer all the necessary information needed to properly fill out your state and federal tax forms, including locating any tax relief available to you or your company. Most attorneys specialize in various fields, including business taxes, real estate taxes, employment taxes, self-employment taxes, estate taxes, casualty insurance taxes, property taxes, vehicle registration taxes, installment agreements, prepaid motor vehicle tax, gift tax, and many other areas. Tax relief can help alleviate some (but not all) of your financial stress related to dealing with the complex tax codes, laws, and regulations that govern Florida and its residents.

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The goal of a qualified attorney is to guide you through every step of the process, from filing your tax return to appealing an assessment, resolving the matter through to settlement, or even claiming tax debt relief. An attorney can help you learn about your legal rights and privileges, understand the tax laws and guidelines of each state, and prepare your corporate income tax for the state of Florida. Because the laws regarding Florida corporate income tax vary from one state to another, it is important for your attorney to have experience in dealing with the particular issues and concerns of your specific state. Attorneys with decades of experience can give you the best possible odds of getting the highest tax relief amount possible.

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Because the topic of Florida tax relief is so broad and complex, you must know more than just your attorney`s area of expertise when you are considering resolving your Florida corporation tax return. You must know what your tax return is going to cost you, what tax credits you can claim, what deductions you may be eligible for, and how any proposed adjustments to the tax code could affect your bottom line. Knowledge on this broad subject will save you time, money, and possibly end up saving your business from potential repercussions. The more you know, the better prepared you will be to address any issue that comes up.

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Hometown Heroes Program

MUNCIE, IN—Woof Boom Radio and 104.1 HD1 WLBC take our role seriously as partners to those in the cities and towns we serve.  WLBC continues to assist some remarkable organizations in making a difference in our community with the WLBC Hometown Heroes Grant Program. Learn more by visiting hometownheroesprogram.org.

For consideration, the organization or cause must be one of the following:

• A 501c3 (or other designated not-for-profit organization) and can provide documentation
• An educational, government, or city agency
• In an emergency, crisis situation
• An event that is free and open to the public

Those requests that address improving issues related to health, education, and economic development will receive special consideration.  We also look to support programs or initiatives that address a specific social condition and have a plan that can accomplish stated objectives.

As a locally owned business committed to using our resources judiciously to give back to the community, we ask those groups seeking our support to help us determine how best to dedicate our efforts.  Each month one community organization will be the recipient of this grant.  Find out more information by visiting hometownheroesprogram.org.

This is not a cash grant but rather the commitment of WLBC resources – the station with a coverage area that reaches nearly one and a half million people. We can only award a select number of grants each year. Those organizations awarded a WLBC Hometown Heroes Grant will receive the most significant commitment of our resources. For the worthwhile causes that do not receive a grant, we will frequently support their efforts by providing access to our community calendar and announcements.