10 Commercial Top Tips
In these tough economic times, many businesses are reviewing
their expenditure. Business space can account for a significant proportion of
outlay and our Commercial Team has prepared the following 10 point action plan
to help you reduce the cost of your accommodation.
1. Sublet excess space to offset your
overheads and you may even generate additional income.
2. Your lease may contain a rent
review and you should plan ahead for any potential up lift (however
unlikely you think it might be).
Identify any break options and the conditions attached
to operating them 12 months in advance of a break date.
4. Consider appealing your Business
Rates. The savings on a successful appeal of the current 2005 Rating List
can be backdated. The 2010 Rating List is due to be released shortly - act now
to ensure your accommodation is properly assessed.
5. Effective space planning could
alleviate pressure on your existing space or even reduce the amount you occupy
while releasing accommodation you could sub-let.
6.If you are struggling to pay your rent, your landlord may consider being paid monthly rather than quarterly in advance.
7.Outsource storage to maximise useable floor
8.Understand your dilapidations liability and pro-actively maintain your
property in accordance with your lease. Short term savings on maintenance often
result in significant costs in the long run.
9. Analyse your utilities contracts and
speak to your suppliers to see what offers/concessions they are prepared to
10. Switch off lights and air
conditioning when not required to ensure you maximise energy