Does your company need office space? If so then you should consider renting an office suite. It can provide many key benefits including the following ones:
When leasing an office space, there are fewer responsibilities you have to deal with. The landlord or property manager is the one whose responsible for various issues including security, responsibility, remodeling, and other matters.
Your company will certainly be required to be responsible for certain aspects of maintaining the office suit while you’re there. However, those responsibilities will be significantly less than the ones for those who are managing the building. This results in less stress so your company can take care of business.
This is one of the main benefits of renting/leasing an office suite. When your lease is up you can just relocate to a new place. It provides more flexibility than building a new office building. The problem with that option is if there are any major issues it’s a lot more difficult to move because the company has already invested in a whole building.
- No mortgage
This is another key benefit of renting /leasing an office suite instead of building an office building. It can free up cash that your company would normally be spending for several years to repay a lender for an office building.
If your company is a startup or new one, this is an especially good feature. Your company is likely trying to boost cash flow, and one way to do that is to prevent the need to pay a mortgage!
If the deal you have for using the office is a true lease, then the lease payments can be deducted from taxes as operating expenses. This is a plus as it will help to reduce your company’s taxes in a fair and legal way.
- Tax credits
An investment tax credit is equal to 10% of the costs of equipment during the first year you started using it. The leasing company is usually the one that gets the tax credit. However, the savings could be passed on to your company via a lower lease payment. How does that sound?
These are just some of the key benefits of renting or leasing a Melbourne office suite instead of building an office building. The benefits give you the ability to focus on the work your company has to do, which can boost revenue and profits. See office space melbourne.