Question: When should a company start planning for a lease renewal?

Question: When should a company start planning for a lease renewal?

Answer: Ideally, businesses should begin renewal planning 9 to 12 months before their lease expires. This provides time to explore options, negotiate stronger terms, and maintain leverage with the landlord.

/ Commercial Real Estate

About the Author

Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on 35 years of commercial real estate experience. Lynn became a commercial realtor in 2001 after 15 years in corporate real estate. Thus far in her career, Lynn has successfully completed over 1,500 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.