Terminated objects
What is it?
The KPI represents the current number of objects that have been terminated. It shows how many properties are currently available for rent in the near future due to tenant terminations.
This KPI provides a snapshot of the potential vacancy within the property portfolio and can be used to assess and manage the vacancy risk. The higher the number of terminated properties, the more it affects the property's revenue stream and may require measures to re-let and minimize vacancy. It is a valuable tool for property managers and property owners to optimize the occupancy rate and revenue flow from their properties.
How is it calculated?
Number of rental properties
* Includes only the rental objects where the current contract has been terminated.
Why is it important to follow?
Following the key figure is important for several reasons:
Lease planning: It gives the organization an idea of how many leases are currently terminated and have not yet been re-let. It facilitates rental planning and the management of vacancies.
Revenue forecasts: By monitoring the current number of leased terminations, the organization can make realistic revenue forecasts and understand how these terminations may affect the revenue stream.
Decision making: The information on terminated leases is valuable in making decisions about marketing strategies, pricing and maintenance measures to attract new tenants.
Risk management: By having information about terminated leases, the organization can take steps to minimize vacancies and reduce lost revenue.
In summary, the key figure gives the organization insights into the rental capacity and how lease agreements affect the revenue stream. It is a valuable tool for planning, managing and optimizing the rental of properties and the property portfolio.
Created by Homepal
10/30/2023
Metrics and KPIs
We have standardized and automated the industry's most common KPIs. Activate with one click in our catalog and start analyzing.
A BI tool purpose-built for the needs of the real estate industry
Automate your follow-up and reporting with ready-made key figures and dashboards. Spend your time analyzing and acting instead of cutting and pasting in Excel or waiting a consultant case.
Take a step into the next generation
No gigantic IT project, no system change, no consultants. Activate an add-on solution that has already been refined for many years and with thousands of players in the real estate industry.
