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🚀 Mastering Commercial Leases: Key Dates You Need to Know! 📅🏢 Navigating a commercial lease involves more than just signing on the dotted line. Understanding the crucial dates in a lease can make or break your leasing experience. Here’s a quick guide to the key dates that every landlord and tenant should be aware of: 1.) Lease Execution Date: The day the lease becomes legally binding. 2.) Lease Commencement Date: When your lease officially begins and you can take possession of the property. 3.) Early Occupancy Date: If granted, this allows you to start using the space before the lease officially starts. 4.) Rent Commencement Date: When your rent payments begin. 5.) Move-In Date: The day you physically occupy the property. 6.) Lease Expiration Date: When your lease term ends and you must vacate. 7.) Renewal Option Deadline: The cutoff for notifying the landlord if you want to renew. 8.) Termination Option Deadline: The deadline to notify if you wish to end the lease early. 9.) Rent Review Dates: Times when your rent may be adjusted. 10.) Commencement of Operating Expenses: When you start paying for property maintenance and other costs. 11.) Option Exercise Dates: Deadlines for exercising lease options like expansion or early termination. 12.) Move-Out Date: The final day to vacate and return the property in good condition. Understanding these dates can prevent costly misunderstandings and ensure a smooth leasing process. Are you managing these dates effectively in your current lease? Let’s discuss how mastering these timelines can optimize your real estate strategy! 💼✨ READ MORE ➡ https://lnkd.in/gzzqm63f www.VandeWeerdRE.com #CommercialRealEstate #LeaseManagement #RealEstateInvesting #VandeWeerdCommercial #AZCRE
