Posts by Paisley Bittner

Six Critical Lease Dates for Businesses to Monitor to Avoid Costly Mistakes

on September 28, 2021

Imagine trying to manage your leasing portfolio, with renewal and termination option notice dates, security deposit or letter of credit reduction dates, tenant improvement allowance use-by dates, insurance renewals, expansion & contraction options, base rent increases, and other critical dates in an excel spreadsheet, all while simultaneously juggling your other job functions? Maybe you don’t need to imagine—this could be you! Similar to ensuring your landlord is following the terms and conditions of your lease when reviewing your annual operating expense charges, it is important to diligently track key lease dates to ensure you don’t miss out on the lease options you negotiated for. Overlooking an important key date in a lease can be an easy mistake by an already busy team member when relying on an Excel spreadsheet, and this can manifest quickly into costly ramifications or missed opportunities for the company.

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Paisley Bittner

Paisley Bittner is a senior lease administration manager of Hughes Marino’s Portfolio Lease Administration and Advisory team, where she helps tenants address issues that arise during their occupancy. Contact Paisley at 1-844-NO-CONFLICT or paisley.bittner@hughesmarino.com to learn more.

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