Good morning and welcome to Episode 46 of The LeaseSmart Commercial Real Estate Podcast, brought to you by LeaseSmart.com. Your host is Craig Melby, the founder of LeaseSmart, whose objective is to find companies the best facilities and get them the best terms, making their business more profitable and less vulnerable to future, unpredictable circumstances.
Today Craig brings up a topic that we can all relate to: Cold Feet. Whether you’ve made big business deals or small ones, you’ve felt it. It isn’t surprising either when you think about the long term obligations into which you’re entering.
When signing a lease for example, you might get nervous about being on the hook for a property for the full length of your lease. Talk to your agent, your financial advisor and your lawyer. Go ahead and get some advice. You may find that the risk you’re facing isn’t as bad as you think. In some cases, if faced with personally guaranteeing a lease, you can homestead your home to insulate it from exposure.
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