Landlords, and Lease Terms for a new business, Personal vs LLC

[CTPub]

Hello, I am currently in contract to purchase an asset sale of a current operating business that is not making money and is giong to close. The landlord does not want to write my lease for my LLC and wants it to be to me personally. From my understanding that will leave my home and all my other assets available should my concept and idea not work out. Is this common play in today's market? I am sure of my concept and sure of my location and ideas but was unaware that this was the way things worked. I have seen other leases for other establishments that are written to the LLC. I was under the impression that it should be under the LLC to reduce my liability and keep my assets safe. Has anyone heard or this or had any experience with this. Any and all advice is greatly appreciated. I am wondering if I should bail on this deal before its too late due to this lease? Although I have done much research on leases this style is new news to me... Thank you

What should I try to negotiate for a personal guarantee on a 10 year lease? with a 5 year option to renegotiate and renew.

[ministry]

most of them will have a personal guarantee in them. it sucks but all the ones i have signed has them. good luck

[Warehouse]

This is pretty common. Almost all lessors require personal guarantees on a lease. One idea that may work in order to satisfy the landlord's demands would be to offer a very large security deposit....the equivalant of at least 6 months rent, or perhaps as high as 1 year of rent. It is worth giving it a try. This is often referred to as "first and last________months rent in advance". Try it. He may like it.