How to Make Office Space Design

Office space design has been one of the top priorities for most of the business owners when they look for an office space for their business. Of course, it has to be a top priority as design plays a very important role in providing a great environment for employees while allowing them to work to their full potential. It’s something that alters the moods of employees greatly; so having an effective office space design will certainly boost the productivity of employees while helping them to be focused.

But how would you make the design effective? Here’s how you can do it.

1. Prioritize flexibility

Every business owner must be aware that comfort zone is where the magic happens. One of the elements that promote the creative and physical wellbeing of employees at a workplace is the movement of the body. Human body is not made to sit in a 90° posture all the day. An effective workplace will always be a flexible one allowing employees to work out of their desks.

Yes, it’s all about breaking the bond between the employees and the desk. Design your space in such way that you have some areas that allow your employees to work standing (like café height tables), sitting (couch or traditional workstations), so that the employees can feel free and work from where they are more comfortable.

2. Showcase your culture

The first thing you should think of when you start designing your office space is, what you have to convey through the design. It’s very important for a company to be reflecting its culture in its design. It gives employees a feel of being involved with the company’s endeavours which builds great trust and creates a strong bond.

One simple way for companies to reflect their personality is to use colours. For instance, a creative agency can have its paint, interior and furnishings in vibrant colours like yellow and orange. This also fosters creativity in employees while also adding value to the company. Know what colour has what impact and employ according to the company culture.

3. Include play areas

Employees at a workplace definitely need some refreshment in their hectic schedules, client calls and tight deadlines.

How relieved do you feel with a simple table tennis match after a hectic day at work?

That’s a lot right? Definitely it is. People with their hectic schedules at work have almost forgotten the day when they last played a sport. This being the case, having play areas at the workplace encourages employees to be lively all the time playing indoor games like table tennis, carom board or any other. It’s just a break to their non-productive drag bringing them back to focus.

These are a few simple tips to design your office space so that the employees feel more lively and productive at the workplace. So, if you are planning to design your office space, consider these tips to make it a great place for employees.

And if you are searching for an office space that already has these features, there are lots of fully furnished office spaces available in the market. Just seek help of an expert commercial real estate agent who can help you find a good office space that suits your business, employees and the company culture.

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All About Rental Agreements and Business Rates Liability

When renting premises for a new business, the renter should sign the lease in the name of the venture only, preferably without guarantors, who could personally face big rates and rent bills, if the business should fail, for the rest of the term of the lease.

The lease should only be signed in the limited company name with all correspondence regarding the rent and lease addressed to the company.

If an individual’s name is signed on the lease or as a guarantor, all the responsibility is then passed on to that individual, or that guarantor, for rates and rent if the business should fail, removing the liability from the limited company.

There is no point going through the limited company process with directors, audited accounts, shareholders and dividends if the liability for rental agreements ends up with individuals to remove liability from landlords, in respect of future rates and rent bills.

It could be seen as a weakness in the process that some landlords are trying to remove or circumnavigate this limited company liability, through trying to get individuals to personally sign lease documents.

Once signed in a personal capacity or as a guarantor the landlord can then present the lease documents to the council, so as to remove any business rates liability from them for as long as the lease is in operation.

It is the rental agreement which will indicate to the landlord and council that the limited liability of the limited company ends with the company and then should not be passed to any individual personally. This is why the company is limited for the reason of limited liability.

At no point should a private individual’s name be used on the lease. If this basic understanding cannot be achieved with the landlord, then you may want to think again before signing the lease.

If you have to sign your own name because the company is not limited it means that any rental or lease agreement should be closely examined by the renter before signing.

If the lease is long term and the renter cannot release themselves, they will be personally liable for the rent and rates over the forthcoming months or years.

To sign a lease in an individual’s name can lead to financial ruin. A great deal of thought should be given before you sign your individual name to any lease document.

It is the case that future bills for rent and rates can be given to bailiffs to chase, and they may chase you personally. Even if you sign the lease in your personal name on behalf of the company you may still be liable.

If the occupying business is limited and struggling there is the option of closing it down, although the council, landlord and even Bailiff Company if involved, may claim to be a creditor and if there are any outstanding rates or bills due, they could try to prevent the closure until any outstanding debts have been paid.

However, if limited and signed in the company name only, all the correspondence and any future bailiff visits from either party should go to the company address. As the business will no longer be operating it should not matter to any individuals personally involved with the company.

Evidence (the lease in the company’s name) may be needed as well as a closed business bank account to prove to the council and landlord the business has failed and closed.

It has been known for some council’s to address rates letters to individual directors of a company to then allow them, the council, to update their records and make the director responsible/liable for the business rates without the director’s knowledge.

This could be seen as an attempt to remove liability from the limited company and place it on a named individual. This action if engaged in by a council needs to be immediately brought to their attention and rectified with a copy of the lease signed in the company’s name being sent to the council.

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How to Buy Overseas Property

Buying a property is a process that requires patience and perseverance. It takes time to do the research on the status of the real estate market and its norms in your choice of destination. The crucial part is to find a proper, reliable and experienced service provider who can help you through the whole process, right from the start through to the final stage of owning your property. We have enlisted a few key points with a goal to help you initiate the process of buying your dream property abroad.

Hire an independent lawyer

Many people seek the help of real estate agents, which is not a very good start. No matter how smart, experienced, informative and well-mannered an agent tends to be, never fall for it. Always get an independent lawyer, who will represent you throughout the whole buying process. If you are represented by the lawyer, it means you are well-protected from making any expensive mistakes down the road.

Get help from a financial specialist

Sort out your financial preferences that would help you allot a suitable budget to purchase the property. Get a provisional mortgage if you have plans to borrow money apart from what you plan to pay from your pocket. Ask your financial specialist to suggest a long term repayment plan that would be feasible for you as the lending criteria and the borrowing costs may change during those years.

Hire a foreign exchange specialist

If you borrow money overseas, but earn at home, you have to make sure that the rate fluctuations would not affect the value of your property. The difference in the value of currencies could take the property out of your hands as it goes beyond your budget. Discuss with a foreign exchange specialist and understand your risks and have a proper contingency plan to handle unpleasant situations.

Double-check the agent credentials

Apart from hiring an independent lawyer, choose a professional overseas real estate agent to assist you through the process. Place your focus on the agency rather than the property you want to buy. Question them in all possible ways to make sure the company or the agent is potentially the right person to do business. No matter what they claim, make sure everything is true, to the last bit. Don’t trust reel reviews, read real client testimonials. Ask them to offer their “Terms of business” on paper prior to signing a formal contract with them.

Learn to get the most out of your investment

When you purchase a property overseas as an investment, you must understand that you can have big returns only with risks. Make a thorough inventory of the risk to reward ratio to help you cope up with the risks and to reap better rewards out of your investment when everything goes well.

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Things On Rent Control on Apartment Buildings

There is no longer any question that rent control is often counterproductive and ineffective. Study after study has shown profound social and economic consequences of government intervention in the housing markets of the nation over the last quarter of a century. Based on hard-earned experience, local and state jurisdictions from coast to coast have greatly restricted or banned the practice.

There are still some communities that continue to impose rent control. The rationale is to preserve affordable housing for low- or middle-income families. However, that goal is not being met. Many communities are finding that the regulation reduces the quantity and quality of available housing.

The Role of Rent in the Economy of a Market

Advocating rent control ignores the basic economic laws that govern housing markets. Rental property that is privately developed, owned, and operated is treated as a public utility. That philosophy harms not only the providers of housing but the consumers it was intended to serve.

Rent serves two functions in the efficient housing market operation. It compensates existing housing unit providers and new unit developers for the cost incurred to provide shelter to the consumers. Rent also provides economic incentives that attract new rental housing investment. Housing is like other commodities. The supply is related to the market price that prevails.

Providing economic incentives is particularly important in the evaluation of rent control economic implications. When the market is not regulated, rents rise as consumers compete for units that are available. The higher rent encourages new investment in housing rentals. Buildings are constructed, rehabilitated, and converted from nonresidential to residential until there is an elimination of the housing shortage.

Without rent increases, new investment is not attractive. Housing construction is sharply limited. There is no long-term housing shortage solution. When rents fall, the market receives a message that new investments have no room to succeed. Artificially restrained rents by a community send the market a false message. Builders see no need to make new investments and the investments of current providers are reduced. The supply for a housing shortage is reduced rather than expanded.

Economists are practically unanimous in the condemnation of rent control. They point to six principal objections. They are:
1. Inhibits new construction
2. Deteriorates existing housing
3. Reduces property tax revenue
4. Administrative costs are substantial
5. Reduces consumer mobility
6. Hard hit of consumer entry costs.

The poor are most impacted by substantial rent control costs. The costs frequently drop the quality of housing that exists and reduces access to new housing. Rent control is often justified as a strategy that is anti-poverty. Evidence points to higher income households as the principal beneficiaries.

Rent control forces provider of housing to look at credit history and income when choosing from the competing consumer pool. The selection process is biased against young and poor consumers. Rent controls are to supplement consumer income at the rental property provider’s expense. The permissible rate of return is held below market levels of rental property investment.

The solution to the scarce housing problem is not con-induced disinvestment of rent, but an increased housing supply. An affordable housing supply can be stimulated by direct financial assistance to those in need. Increased purchasing power leads to expanded quality and quantity of local market housing. Economists feel rent control is a housing policy failure.

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