Agreement with deadline for renegotiation
What is it?
Agreements with a deadline for renegotiation represent the agreements with a notice period for termination during a specified period. This is crucial because it represents the last date a contract can be terminated or renegotiated to prevent automatic renewal. This gives the property owner the opportunity to terminate or renegotiate agreements that do not meet the targets for annual rent per square meter.
How is it calculated?
Total number of agreements with last date for renegotiation in the period
* Includes only those agreements where the last date for renegotiation falls within the specified time period.
Renegotiation deadline is the date the property owner/tenant must terminate or renegotiate the agreement before it will automatically renew.
Why is it important to follow?
Adhering to agreements with a notice period is important to give the property owner the opportunity to actively manage and adjust their portfolio of lease agreements. By knowing the notice periods, the property owner can identify and act on agreements that do not provide the desired return or that do not meet the rental targets. This can help optimize the portfolio and ensure it aligns with the company's overall strategy and financial goals.
Created by Homepal
2/7/2024
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