Renting a commercial space is perhaps one of the biggest overhead costs a company incurs. Since there is no such thing as a standard lease, you certainly need to become more lease-savvy and acquire some basic knowledge on the subject of leasing. Before signing that lease agreement for a Florida commercial real estate property, try to soak up a number of practical suggestions.

Ask Before You Sign

If you’re a newbie on the subject of commercial space rentals, there are several things you have to be familiar with. One of the most important aspects you need to understand is the legality of a lease contract. Know that once you’ve signed one, you can’t just break the agreement at will or simply alter the terms to suit your company’s needs. It doesn’t really work that way. So prior to finalizing a lease contract for a Florida commercial real estate property, make sure to ask the following questions.

Ask yourself:

* How long do I intend to occupy the commercial space? — You need to foretell how long your business can effectively operate in the space you want to rent. Even though all lease stipulations are negotiable, the lease period essentially sticks to a certain norm. The majority of short-term leases last for about three to five years, while long-term lease contracts are typically valid for ten years.

* Can I walk out on the lease? — Committing a breach on a lease agreement for a Florida commercial real estate property can give rise to grave consequences. You could be denied access to the property, lose your deposit, or be sued. Ensure that you are indeed bent on staying for the period stipulated in the contract, as well as the location, prior to signing.

Ask the broker:

* What is your experience level? — Commercial real estate is actually a specialized field wherein the majority of brokers usually focus on two types of properties: warehouse or office space. Thus, you need to choose a broker who has a highly regarded record in the Florida commercial real estate industry.

* What are your certifications? — It is definitely acceptable to inquire about professional certifications. Although experience is still the best gauge in assessing the competence of a broker, designations from well-known real estate organizations prove that he or she has taken the extra mile.

Negotiate For The Best Lease Deal

Try to bargain your way to the best lease contract for a Florida commercial real estate property. Here are some helpful negotiating tips you can use:

* Take advantage of the “permitted use of the premises” clause. — A commercial real estate lease usually includes a section that lays down this particular stipulation. Try to make this clause as wide as possible since your business might expand or you might decide to sublease a portion of your space to another company.

* Reach a favorable deal for a lease term. — More often than not, landlords of Florida commercial real estate properties are prepared to make allowances for long-term leases. Instead of settling on a fixed number of years, make an effort to negotiate a shorter lease term that has renewal options.

http://commercial-realestate-florida.xon.us — Florida Commercial Real Estate

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• Looking Around For Florida Real Estate Properties

Americans across the country are seeing real estate values drop, both on the commercial and residential side, yet their real estate taxes are staying the same or continue to go up. More and more owners are actively pursuing a property tax protest.

Bottom line the system is exposed to be fair. No property owner should pay more than what they really owe. Cities are “squealing” that they do not have enough cash to pay for their services. Many Americans are saying: “join the club.” We are expected to operate and live within our means, cities should as well.

Protest Property Taxes

Experts estimate that between 60-70% of ALL property owners are over assessed, while only 2% actually bother to do anything about it. Many don’t know that they can appeal. Others assume the process will be too cumbersome and complicated. And we have heard some people express fear that their cities may raise their taxes (nonsense!). Some claim that they just don’t have time.

In reality, the process is not that difficult to understand and the time needed to investigate and learn how to appeal can be as little as an afternoon. The language and the way that property taxes are calculated are overly complicated. Many industry experts argue that cities do this on purpose to confuse or bore people into not appealing. We tend to agree with this. If you can have the disciple to sit down for a half hour and read how they calculate your property taxes you will be well on your way.

The potential savings can be significant, making it well worth it for the owner to appeal. Many home owners enjoy savings between $200 – $3,000 per year. The savings go on and on, year after years, so an annual savings of $800 could translate into $8,000 over a ten year period. In addition, many owners can qualify for a rebate on taxes that they have over paid in previous years…

Get out there and protest your property taxes! As tax payers face corporate downsizing, weak healthcare programs, a stalling economy and the biggest credit crisis since the great depression we should not have to shoulder the inefficiencies and corruption of our politicians.

Jeff Rauth is President of Bloomfield Hills based Commercial Finance Advisors. More information on property tax reductions can be found here. property tax reduction or property tax appeal or real estate taxes

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