Should you possess property that you sublet out to businesses or if you possess a enterprise that rents property from a property management company you need to be well advised to check over the terms of the lease agreement and make sure that you are covered either way in the event of a large catastrophic category hurricane.

In the 2005 Atlantic tropical hurricane season many business properties were completely destroyed and this caused a huge issue for landowners and building owners alike. A great number of small businesses were completely destroyed and in many cases the small-business owner was indeed responsible for part of the damage to the building. Before a hurricane touches down it is imperative that you are knowledgeable regarding your lease terms.

Not only do some small businesses lose their entire inventory and customer base due to the destruction and damage of a large category hurricane, but they also find themselves owing money to return the property back to normal. This is a double whammy on a business and often SBA loans are able to assist the small-business owner bail himself out, however these loans impact cash flow because they must be paid back. Please check your leasing agreement before the storm hits. At what point did Noah create the Arc? Prior tothe storm remember? Think on this in 2006.