59 – Month-To-Month Lease: Perfect Situation? . . . Or Not? What You Need To Consider

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.

Helpful Links:

For more information, be sure to visit LeaseSmart.com

58 – Don’t Lose The Deal Over These Two Simple Mistakes

Good morning and welcome to Episode 58 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 Craig talks about two of the ways he has seen deals fall through so that you can avoid losing the space you’re going after.

One negotiating technique that is commonly used is for a prospective tenant to make a below-market-value offer. This can backfire big time. If the offer is too low, the landlord may be offended. And, depending on the market, may decide to ignore your offer all together. Right now we’re in a landlord market, so the landlord typically has the upper hand in selecting tenants.

Another way to jeopardize your deal is to seem like a business risk to the landlord. Make sure you have a board associates who are experts in business and finance.

Give Craig 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

57 – Building Out Your Interior: Be Careful Of These Easy-To-Avoid Disasters!

Good morning and welcome to Episode 57 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 Craig walks us through the process of doing an interior build out. There is a huge amount of variation with the space you’re leasing.

It could be turn key, which would be the most simple scenario. This means that the space meets your needs and you can move in.

Or, there might be a work letter so where you and the landlord plan very specific changes to the space together. The landlord will usually want to ensure quality work is done to the space. You’ll probably have a tenant improvement contribution to work with. Craig’s advice is to make sure you keep an eye on that figure.

On the other end of spectrum your space could be a raw shell, giving you a lot of work to do. Make sure you know what is provided here.

Watch out for surprise fees in your lease like Impact Fees. Impact fees offset the cost to the municipality of the added burden of your business to the infrastructure: traffic, utility expansion, etc.

Give Craig 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

55 – Need a “Bad Cop” on Your Side? Being too Nice is Expensive!

Good morning and welcome to Episode 55 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 Craig talks about the advantages of having a ‘bad cop’ on your side when negotiating your lease. This is one of the great benefits of having an agent working on your behalf. You get to retain your nice, professional demeanor while your leasing agent negotiates your lease terms, getting tough when necessary.

Craig also reminds us how important it is to have time on your side. You will have more leverage in your negotiations if the landlord knows you have the time to explore other options.

When renewing for example, it’s not crazy to approach your landlord with negotiations one year in advance. If you wait until your lease is about to expire, your landlord will know that you don’t have time to shop around, and he or she may be less likely to meet your terms.

Give Craig 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