Days to last date for renegotiation
What is it?
Days to renegotiation deadline represents the average duration, in days, until the renegotiation deadline. This key figure enables property owners to understand how much time remains before the last opportunity to cancel or renegotiate a contract before it is automatically renewed.
How is it calculated?
Average number of days to renegotiation deadline
* 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 the days to renegotiation deadline is critical for property owners to effectively manage their leases. By knowing this KPI, property owners can assess the time remaining on each contract and strategically plan termination or renegotiation actions to align them with their financial and operational goals. This enables an optimization of the rental portfolio and ensures that the agreements meet the desired goals and criteria.
Created by Homepal
1/25/2024
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