51 – Spouse Won’t Sign on Your Personal Guarantee? Here’s How to Compromise With the Landlord and Keep the Deal Alive

Good morning and welcome to Episode 51 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.

You’re in luck because in this episode Craig shares an ingenious solution to a pretty common problem. Here’s the situation: You are ready to start a new business; it’s time to open up shop. What are you going to need? Well, when you sit down with a landlord to sign a lease on this new shop of yours, he or she is going to want you to personally guarantee the lease.

If your spouse doesn’t want to sign the personal guarantee, and they’re right, by the way, (you shouldn’t want to sign it either) then you’re going to be in a pickle! The landlord will probably insist. So, what can you do? Craig has had Herculean success negotiating in these types of situations, this is, he’s avoided personal guarantees by having his clients show the landlord that they can pay more rent up front. Then, the landlord, in essence, gets the security they’re after and the client doesn’t risk their personal assets.

Disclaimer: Craig Melby is not offering legal advise. He’s merely sharing an account of a negotiation.

Give him a call if you’d like to learn more. He can be reached at 800-962-2419. Thanks for tuning in and have a fantastic day!

Helpful Links:

For more information, be sure to visit LeaseSmart.com

37 – Lease Negotiation Tips from Expert Greg Schenk

Hello, and welcome to Episode 37 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.

Today Craig welcomes special guest Greg Schenk with The Schenk Company, Inc. Greg Schenk has been in business of consulting and advising tenants, buyers, and investors for 30 years. And, for 20 years he has been teaching and speaking and training toward these same goals. He works with every property type, helping others learn about acquisition in order to become financial secure.

The typical client is referred to him by their attorney or banker and it’s often due to some sort of strategic problem with their lease because. Perhaps they didn’t have a plan from the beginning and now they need help. 80% of people that he works with renew their existing lease; so, it’s not usually about relocation. What it is about is getting help to reduce their lease cost. He offers a ‘no cost’ service to assess their renewal needs, operating expenses or CAM fees.

This is great information. Thanks for tuning in!

Links for Today’s Show:

Click here to find Greg Schenk on LinkedIn

Click here to find Greg Schenk on Google Plus

Or you can reach Greg Schenk by pasting these URLs in your browser: http://schenkseminars.com/
http://columbusofficespace.com/
or by calling (614) 496-2715 or emailing greg (AT) columbusofficespace (DOT) com.

For more information, be sure to visit LeaseSmart.com