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The Lean Rent Playbook

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Copyright ©2022 Tango. All rights reserved. The Lean Rent Playbook: How to Avoid Hidden Occupancy Costs 7 You spend a lot of time building models and selecting the ideal site for each facility. If you get evicted f rom one of your locations because you didn't pay attention to a renewal clause, a competitor may reap the benefit f rom your investment while you're stuck finding a new site. More often, however, missing a lease renewal means you have to renegotiate your lease terms, rent and other occupancy costs. You'll still be able to lease the space, you'll just be stuck paying more for it. Renegotiating the terms of your lease after a missed renewal can tack on an extra 20% to the rent and other expenses you're paying right now. That's not a situation you want to be in with a single location, let alone multiple. But the more leases you have, the greater your risk of missing a renewal window or not meeting the terms of a renewal clause and being faced with increased rent costs as a result. The solution: Tango's Critical Dates feature automatically tracks and notifies you about key dates and action items, so no matter how many leases you manage, you'll always stay on top of the renewal process.

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