Keep every renewal right alive.

FAQ

• How do I stop missing renewal and option deadlines across hundreds of leases?

  Extract every date from the lease itself and watch it continuously with staged alerts and clear ownership, rather than a spreadsheet one person maintains. REAL abstracts the dates and terms, tracks them across the portfolio, and gets the decision to the right owner before the window closes.

• What is a critical date, and which ones matter most?

  Renewal-notice and option-exercise deadlines, termination and break windows, expiration, escalations, CAM-audit windows, and TIA submission deadlines. The renewal-notice deadline is among the highest-risk, because the notice date, not the expiration date, is what gets missed.

• How much notice do I have to renew or exercise an option?

  Commonly 90 to 180 days before expiration, and some leases require 9 to 12 months. Commercial notice terms are contractual, not statutory, so the exact window, delivery method, and form are set by the specific lease.

• What happens if I miss a renewal-notice deadline?

  The option can be lost, which leaves you renegotiating at market rent, with holdover risk if you stay past expiration. Some jurisdictions allow equitable relief in narrow circumstances, but it cannot be relied on.

• What is holdover rent and how much does it cost?

  Premium rent for staying past expiration without a signed extension, typically 150 to 200% of base rent, often plus additional rent such as CAM, taxes, and insurance. The exact figure is set by the lease.

• Can REAL send the notice, or just remind me?

  REAL prepares the notice the lease requires, in the form and to the address the lease specifies, and routes it for review.

• How do renewal options affect ASC 842 and IFRS 16?

  If exercise is reasonably certain, the option term is included in the lease term, which increases the right-of-use asset and the lease liability. A surprise exercise forces a remeasurement.

• What lease types and formats does REAL handle?

  NNN, gross, and modified-gross leases, plus letters of intent, amendments, and work letters. Scanned, redlined, and inconsistent formats are the expected case, not the exception.

• How does earlier visibility improve negotiation leverage?

  Seeing the decision months ahead, with market and option data in one place, lets you negotiate instead of reacting to the landlord’s clock.