Good morning and welcome to Episode 49 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 gives us an inside peak at a typical lease review so that we can see the types of important things that he finds. He reviewed a lease recently. It was a pretty standard lease for all intents and purposes, but there are always fixes that need to be made.
In this particular case, the landlord was a very nice guy and the lease was super easy going. Craig couldn’t readily determine the start date or which party would be liable for care of the building or property. Well, that’s all fine and good, but the truth is that both parties benefit from a specific lease. Craig’s advice: Put it in writing. No matter how small it seems or how small the chances are of it every happening: put it in writing. We hope this helps you in your leasing adventures and business endeavors!
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