Good morning and welcome to Episode 59 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.
In today’s episode Natalie asks Craig about Month to Month leases. Is there any advantage to staying Month to Month? Craig’s answer is super helpful. Of course, there is freedom associated with going month to month. Depending on your outlook for moving, you may need that open door.
On the other hand, if you hope to stay where you are, renewing is the most secure thing to do. It protects your right to the space and it nails down the terms that can help you stay profitable. Even if your landlord is great and you have a fantastic, mutual understanding, you need to protect your business against personnel changes. Check out our previous episode on Landlord Disaster Stories for some examples.
Thanks for tuning in and have a fantastic day!
Give Craig a call if you’d like to learn more. He can be reached at 800-962-2419.
For more information, be sure to visit LeaseSmart.com