Never Miss a Critical Lease Date Again

Commercial real estate leases can be complex and difficult to navigate. They are legal documents that define the specific terms of the lease, including the principal dates and deadlines in the lease, such as when the lease starts, when it ends, and when rent is due. These dates are critical to tenants, and should be tracked closely by whoever is monitoring the lease.

Synergy offers free lease reminders to help tenants keep track of these important dates. Synergy’s team tracks all critical dates and deadlines in the lease, including the ones mentioned earlier, and sends reminders to clients well in advance of the due date. This ensures that tenants have sufficient time to prepare and take necessary actions to avoid any penalties or legal issues associated with missed deadlines. Lease reminders can be sent via email, text message, or phone call, depending on the tenant’s preference.

Synergy’s team is committed to looking out for all of its clients throughout the transaction and after move-in. They offer a range of services to help tenants navigate the complexities of commercial real estate leases, including lease negotiation, space planning, and construction management. Synergy’s team is dedicated to providing exceptional service to their clients every step of the way.

Here are some of the most common and essential Term Dates in commercial real estate leases:

Here are some of the most common Term Dates in commercial real estate leases:

• Commencement Date: The date upon which the landlord’s and tenant’s respective rights and obligations under the lease begin .
• Rent Commencement Date: The date upon which the tenant’s responsibility to pay the landlord for use of the space begins .
• Early Occupancy Date: The date upon which the tenant is allowed to occupy the leased premises before the lease commencement date .
• Move-In Date: The date upon which a tenant takes physical possession of the leased premises.
• Free Rent Period: A period of time during which the tenant is not required to pay rent ¹.
• Scheduled Rent Increases: The dates upon which rent is scheduled to increase.
• Early Termination Date and Penalties, if any: The date upon which the tenant is allowed to terminate the lease before the end of the lease term, and the penalties associated with early termination.
• Lease Extension Renewal Date: This is the date by which the tenant must notify the landlord of their intention to renew the lease. If the tenant does not notify the landlord by this date, the lease will expire on the expiration date ¹.
• Expiration Date: The date upon which the parties’ rights and obligations under the lease end .

Synergy provides advanced reminders to clients to address critical dates, so tenants are not in a bad situation after the fact. Synergy’s lease administration team tracks all critical dates and deadlines in the lease, including the ones mentioned earlier, and sends reminders to clients well in advance of the due date. This ensures that clients have sufficient time to prepare and take necessary actions to avoid any penalties or legal issues associated with missed deadlines.

Missing critical dates can lead to various issues, such as:

• Late fees: If rent is not paid on time, landlords may charge late fees, which can be substantial and add up quickly.
• Default: If a tenant fails to comply with the terms of the lease, such as paying rent or maintaining the property, the landlord may declare a default and terminate the lease.
• Legal action: If a tenant violates the lease agreement, the landlord may take legal action against the tenant, which can be costly and time-consuming.

Synergy’s lease administration team is committed to looking out for its clients throughout the transaction and well after move-in. Synergy provide comprehensive leasing services, including lease abstraction, critical date tracking, and lease renewal management, to ensure that clients are always informed and prepared.

Here are some additional key components to consider when setting up a free lease reminder system:

• Critical Dates: Critical dates are the principal dates and deadlines in the lease, such as when the lease starts, when it ends, and when rent is due. Synergy provides advanced reminders to clients to address critical dates, so tenants are not in a bad situation after the fact. Synergy’s lease administration team tracks all critical dates and deadlines in the lease and sends reminders to clients well in advance of the due date. This ensures that clients have sufficient time to prepare and take necessary actions to avoid any penalties or legal issues associated with missed deadlines.
• Lease Abstraction: Lease abstraction is the process of summarizing the key terms and conditions of a lease into a concise document. It is an essential tool for managing leases and ensuring that all parties are aware of their rights and obligations. Synergy’s lease administration team provides comprehensive lease abstraction services to ensure that clients have a clear understanding of their lease agreements.
• Lease Renewal Management: Lease renewal management is the process of managing lease renewals to ensure that clients are always informed and prepared. Synergy’s lease administration team provides lease renewal management services to help clients stay on top of their lease renewals and avoid any potential issues.

By implementing a free lease reminder system that includes critical date tracking, lease abstraction, and lease renewal management, tenants can ensure that they are always informed and prepared. Synergy’s team is committed to looking out for all of its clients throughout the transaction and after move-in.

Synergy is dedicated to providing exceptional service to their clients every step of the way. They offer a range of services to help tenants navigate the complexities of commercial real estate leases, including lease negotiation, space planning, and construction management. Synergy’s team is committed to looking out for all of its clients throughout the transaction and after move-in.

Synergy’s free lease reminders are an essential tool for tenants to keep track of lease renewals and expirations. Synergy’s team tracks all critical dates and deadlines in the lease, including the ones mentioned earlier, and sends reminders to clients well in advance of the due date. This ensures that tenants have sufficient time to prepare and take necessary actions to avoid any penalties or legal issues associated with missed deadlines. Lease reminders can be sent via email, text message, or phone call, depending on the tenant’s preference. This service can be customized to fit the tenant’s needs, such as setting up reminders for lease renewals, expirations, or rent payments.

Synergy’s team provides comprehensive lease administration services to ensure that clients are always informed and prepared, even years after the deal has been completed. They offer a centralized, strategic, data-driven approach to lease management that can transform your portfolio. Synergy’s team is committed to anticipating lease challenges before they become problems and mitigating risks associated with missed opportunities, inaccurate payments, and compliance risks.

Any tenant can benefit from Synergy’s services before and after leasing commercial space. By implementing a free lease reminder system that includes critical date tracking, lease abstraction, and lease renewal management, tenants can ensure that they are always informed and prepared. Synergy’s lease administration team is committed to looking out for all of its clients throughout the transaction and after move-in. 

They offer a range of services to help tenants navigate the complexities of commercial real estate leases, including lease negotiation, space planning, and construction management. Synergy’s team is dedicated to providing exceptional service to their clients every step of the way.