You may want to set up a hotel and are looking out for funds to start of or expand your old one. Commercial finance for your guest house will offer you funds to buy a property, build a hotel, get your appliances and a vehicle for your business. Banks may reject loans for small business owners but there is a solace in the form of commercial brokers who will help you out if you have a small business set up.

Commercial lenders will consider your credit scores, asset value, business plan on the basis of which your loan amount will be approved. If your credit score is low, they will not deny you the loan but the size of the loan may be smaller. Your loan rates may also be set high as they have to take risks in lending loans to a poor credit holder. If possible, you may choose to repair your credit scores by closing those accounts which have smaller pending amount. This will reflect a positive credit score on your report.

Your asset will be the next best determinant of your loan rate. If your asset value is higher it will definitely attract better rates. A creditor needs some assurance that in case you don’t repay the loan on time, he will have some asset which will provide him guarantee of repayment.

Business plan is also considered before approving funds for you. It shows a creditor how good a candidate you are, do you have workable and lucrative plans. If a creditor is assured of this, he will be sure that you will repay your loan on time and your business will do well. There is no risk involved in lending funds to you.

Let a Locksmith Open the Door for You

Locksmiths are genial people. They’re so kind that they’ll drive to your house just to open the door for you. Of course, you have to call them first and tell them you locked yourself out. After you get past that embarrassing moment, you’ll be glad you got to know this friendly, professional technician who is on call 24 hours a day.

What Can a Locksmith Do That I Can’t Do Myself?

A lot of people like to think that they can install adequate locks and properly secure their homes all by themselves. While this can be an initial money saving plan, it is by far the most unsafe option you could choose. Locksmiths have been providing security to residences for hundreds of years, and, as a result, they tend to know more about locks than an aspiring do-it-yourselfer.

A trained, professional Locksmith should be able to do all of the following: install locks, deadbolts, and mechanical (manual) or electronic locking devices; modify and/or repair these devices; rekey locks; and produce or program new cards or keys to replace lost items. A locksmith should also be available to respond to emergency calls when customers are locked out of their homes or cars through either forgetfulness or lock malfunction.

Here are a few products locksmiths provide that are good for homeowners of all kinds:

Locks

Locks are probably the best and most basic security item to start with. “Most basic” these days does not, however, mean easy for would-be thieves to get around. It simply means that they are relatively simple to install as well as cost-effective. A residential locksmith can come to your home and assess what type of locks are best for your home. They will take into account all points of access to your home and its outbuildings, as well as any interior security needs.

Few types of locks are:

• Deadbolts: A deadbolt is a lock bolt, usually rectangular, that has no spring action and that becomes locked against end pressure when fully projected. These are the most common types of secondary household bolts.
• Electronic Locks: Electronic locks are more varied, as they can come in the form of keypads, fingerprint entry, card access, electronic key access, and many others. If you have the budget, then these are a great investment. They are ideal if you have especially valuable items in your home like antique furniture or an art collection.
• Mortise Locks: Mortise locks are locks that fit into a pocket cut into the end of a door and are held in position by screws through the fore-end. These locks are usually more ornate and decorative and require a locksmith who is also familiar with woodworking.
• Padlocks: Padlocks are detachable locks with a U-shaped bar hinged at one end, designed to be passed through the staple of a hasp, or a link in a chain, and then snapped shut. Padlocks are often used on outbuildings like storage sheds or pool houses.

While there are several other types of locks available to you, those are a few of the basics. Other items you’ll want to ask your locksmith about adding to your residential security system are:

Decorative Hardware:

Decorative hardware means anything from cabinet hardware to gate hardware, doorbells, and about a million more things. More often than not, any locksmith will offer decorative hardware to go with your fancy new mortise locks. Decorative hardware, while a seemingly superfluous item on the list of home security items, is just as important as your deadbolts. If you have an excellent deadbolt, but a handle that is easily broken, then it’s possible for an intruder to unlock your deadbolt from the inside. You want high quality materials protecting your home, so why not go ahead and purchase the ones your locksmith suggests?

Electronic Security Equipment:

While a locksmith might not offer home security systems like ADT, they will more than likely sell things like electronic locks, remote control key access, and more. Some commercial locksmiths are equipped to handle even the most advanced systems that incorporate facial-recognition technology or retinal scanners.

Safes and Vaults:

Do you have expensive jewelry? Maybe you collect coins, stamps or other small valuables. Even if you just keep crucial papers or work product at home, you want some secure place to hold them. A locksmith in California can offer you several options for safes. They can install these safes and even crack them if you forget the code or combination! If you have larger valuables, an in-home vault is also a security option.

Your Locksmith Provides Other Services, Too

Most residential locksmiths perform the same functions as commercial locksmiths, that is, they secure property and buildings and the items therein. Commercial locksmiths more often deal with high-tech locks like card-key systems, electronically coded locks, and even biometric locks. But the double-sided padlock is as much a staple of the commercial locksmith as the residential technician. A commercial locksmith can also perform security assessments of your business, and they can respond in an emergency.

Automotive locksmiths deal with a slightly different set of puzzles at times. Very few cars have plain old lock-and-key systems. At the very least, the locks are remotely controlled and most cars’ computers are programmed not to start the vehicle unless the operator has the correct electronic chip along with the key. Despite some differences with commercial and residential locks, however, locksmiths can almost always rekey, repair, open or replace automotive door and trunk locks and even replace the ignition cylinder.

All of these products and services are available at any local locksmith. Your security system needs to be as up to date as possible, to protect your family and your property. What’s the best way to keep you and your loved ones safe? Contact a locksmith; they’ll be right there with you to secure your home so that you never have to worry.

Commercial property insurance is a highly technical area and needs to be grasped by freehold owners, landlords and tenants and occupiers alike.

For freehold owners, it is just a question of making sure that the right risks are covered. These include the usual commercial risks but also third party liability. If the premises are in inner city area terrorism insurance should also be included. You need to get the advice of a surveyor or valuer to ensure that the reinstatement value is accurate.

For leasehold properties, both landlord and tenants need to get their heads around a whole host of issues and this is what this article focuses on. The insurance provisions in a typical lease are found about two-thirds of the way through the lease just after the Landlord’s covenants. Most leases would oblige the Landlord to insurance the premises recouping the cost of the premiums from the tenant or tenants in a multi-let building.

The Landlord wants to insure because it means the landlord can ensure that his investment is protected. It is too risky to allow the tenant to ensure and then find out later that the tenant has either not been insuring or has insured for less than the reinstatement value.

The Landlord covenants to insure the building in the full reinstatement value against the usual commercial risks. Reinstatement value is usually determined by annual insurance valuations. It is important that the Landlord uses a surveyor for this because if the insurance proceeds are insufficient to reinstate the building or premises, most leases oblige the landlord to make any shortfall out of the landlord’s own monies.

The insured risks would normally include loss or damage by fire, explosion, flood, tempest, storm, lightning, impact from aircraft and vehicles, bursting of tanks. If you are a tenant you should also get subsidence landslip and heave added to the insured risks. These risks are usually covered for most commercial policies but leases for some reason do not include these risks as standard in the definition of “insured risks”.

The landlord will also insure against loss of rent. The period varies from 2 to 3 years and is supposed to cover the time it would take to fully reinstate the building in the event of total destruction or damage. The insurance provisions will also include a provision providing that in the event of damage or destruction to the building such that the building cannot be occupied or used by the tenant, then the rent is suspended (but not usually the service charge) for the loss of rent insurance period. The ideal for a tenant here would be that the rent would be suspended until the building is reinstated such that it is fit for occupation and use by the tenant.

The lease should contain an obligation on the landlord to lay out all insurance monies received in reinstating the building. You would not want the landlord pocketing the money and terminating the lease. There are often provisos to this reinstatement obligation stating that if the landlord is unable to reinstate for whatever reason then either party can terminate the lease. This is usually after a lengthy period of time say 2 to 3 years although a tenant would probably want this right of termination to kick in as soon as becomes apparent that the landlord cannot reinstate the building.

The tenant’s repairing obligation in relation to the premises would normally state that damage by insured risks are excepted from the tenant’s obligation so if the premises is damaged by an insured risk then the tenant is relieved of the obligation to repair the premises. However, this wording is usually qualified to state that if the building was damaged or destroyed due to the tenant’s fault then this does not apply and the tenant would then be obliged to reinstate out of its own monies. This could be catastrophic for a tenant who would not be able to claim on any insurance policy of its own because the tenant would not usually double insure the building it is occupying. Some tenant’s solicitors try to amend this so that the tenant is only liable to repair the uninsured damage to the extent that the damage was the fault of the tenant so that if the landlord is partially responsible, the landlord will bear a proportion of the liability and so some of the insurance proceeds will be available.

What happens if the lease is terminated because it is not possible to reinstate the building (say the landlord could not obtain planning permission)? Who gets the insurance proceeds? Most leases would provide that the landlord gets to keep all of the insurance proceeds but it would be fairer if the insurance proceeds are divided up in accordance with the value of the landlord and tenant’s interest in the building. Whilst more fair to the tenant, I pity the valuer/surveyor who has to value that without any guidelines. Does the tenant have an interest in a lease under which it pays a full open market rental? Surely, this is classified as a liability rather than an asset?

Another question which a tenant should focus on is if the rent is suspended whilst the building is destroyed or damaged what about where the tenant has just paid 3 months in advance. Should the landlord be allowed to sit on what could be a substantial sum of money whilst everyone waits for the building to be reinstated? A small amendment to the lease can provide that in the event of the rent being suspended after damage or destruction, then any monies paid in advance by the landlord should be refunded. The obligation to pay rent in advance will kick in again once the rent suspension is ended.

Most leases provide that the landlord should insure the building with reputable insurers. In these rocky times with great giants like AIG teetering on the brink of collapse what constitutes a reputable insurer is not so straightforward an issue as it used to be.