Good morning and welcome to Episode 61 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.
Craig talks about the lease clauses that protect against damages associated with flooding and natural disasters in today’s episode. If your office or store has suffered some flood damage in this 2017 hurricane season you’ll be looking at your lease to see what provisions you have for relocation. You’ll need to find a temporary place to do business for a while. But, Craig explains that you may be bound by your lease to return to your location when your landlord has completed all necessary repairs. Well, what if repairs take a long time? Certainly the demand for construction work will be high for a while. Listen in as Craig gives some negotiating tips. Continue reading “61 – Flooded Office or Store? This is How Your Lease SHOULD Read!”