Clarification Regarding Lease Renewal Option Dates
It would be great if there was an option to record both the first and the last day for a commercial/retail tenant to exercise their option to renew their Lease. This would allow us to identify tenancies with upcoming option periods and enable us to proactively engage with tenants before the options lapse. I understand there currently is an a option date available under Lease, Rent &Outgoings Tab, however no one can really explain which date to enter (different answers - Lease expiry date, first date to exercise option and last date to exercise option).
Rebecca Haak
shared this idea
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Sarah Dell'Olio
commented
i put the earliest date, so then i know by the expiry date that if its six months they have another 3 months to answer. but a lot of working out etc.
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Haley Rapp
commented
last date is what I enter in this field.
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Dominic Monaco
commented
Absolutely needed to properly record critical lease information.