5 – Lease Landmine #3: In Case of Disaster – What You Need to Know About the “Time To Rebuild” Clause

Hi, and welcome to Episode 005 of the Corporate 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.

Craig is joined by his co-host Natalie Pyles. The Corporate Real Estate Podcast strives to make businesses more profitable through wise site selection and lease negotiations. In Episode 005, Craig teaches us about Rebuild Time, which is the amount of time that the landlord will be given to repair a space after some kind of damage has occurred, like a fire. In most leases, this clause protects the landlord’s rights far more than the renter’s, so it is important to pay attention to the wording here. Thanks for listening!

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