Hello, and welcome to Episode 029 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.
The Corporate Real Estate Podcast strives to make businesses more profitable through wise site selection and lease negotiations. Joining in Episode 029 is co-host Natalie Pyles and today Craig gives a dose of realism when it comes to getting your space and your licenses ready. Let’s say you sign a lease on June 1st and the rent commencement date is August 1st. You might think that 2 full summer months will be plenty of time to begin operation and become able to pay rent, but you might want to think twice. There can be all sorts of permit delays and construction set backs that prevent you from opening up your doors.
If it’s in your lease to have a flexible rent commencement date, most landlords understand and can be patient knowing that you’re seriously working toward and paying permit fees to get everything in order. They’re just happy someone is getting one step closer to using the space. Be sure to plan realistically for your rent commencement date! Thanks for listening! Continue reading “29 – Tenants Beware: Will Your Space REALLY Be Ready In Time?”