Perth Tax People

Nurses Rated Most Trusted Profession

The Roy Morgan Image of Professions Survey found that nurses topped the list of the most highly regarded professions. Over 94% of Australians rate nurses highly for their ethics and honesty. Nurses have topped the annual survey for 23 years running.

Accountants are rated the most admired financial-related profession with 50%. Accountants have now been the preferred financial-related profession since 1991.

Further down the line on the ethics and honesty scale we have financial planners. Only 25% of Australians rate financial planners as ‘very high’ or ‘high’ for their ethics and honesty. This will no doubt plummet to new lows as revelations of widespread fraudulent financial planners have come to light from the Banking Royal Commission.

The least trust worthy profession in the eyes of the public is no surprise really – used car salesmen with 7%.

Negotiate lease incentives to cut costs:

Leasing incentives are financial concessions or upfront capital payments that landlords make to prospective tenants to entice them to commit to a binding lease agreement.

Typically, these incentives are rent-free periods at the commencement of the lease, cash payments, payments of the tenant’s fit-out costs, or monthly rental reductions for a fixed period.

Lease incentives are generally available under the following circumstances:

•Where a building is new.
•Where a shop has been vacated by a tenant due to receivership.
•When the economic environment is difficult and there is a lot of vacant space.

Implementation process:

1.Research the lease incentives provided for similar space – this is difficult as leasing incentives are not set out in the lease agreements and are therefore not ‘discoverable’ in a legal search registered lease agreements. They are normally included in an incentive deed which is confidential between the landlord and tenant.

2.Negotiate a lease incentive with your proposed landlord – also possible if your current lease is expiring and you wish to sign up for a new lease with your current landlord.

3.Consider that contributions to fit-outs usually have conditions attached to them, such as claw-backs, where a tenant does not stay for the full length of the lease.