Looking to track more than just lease expirations and rent changes? Here’s a list of key dates and events that top Leasecake users rely on Leasecake to manage.
Key Dates and Events
What to Track | Why | Examples |
Renewal, expansion, or termination option deadlines | Missing an option deadline can cost you valuable rights to extend or adjust your lease, potentially forcing relocation or renegotiation at less favorable terms. | Lease renewal notices, termination notices |
Dates for reconciling common area maintenance (CAM) charges | Staying on top of CAM reconciliation ensures you're not overpaying for shared property expenses and allows you to contest any discrepancies before it's too late. | Annual CAM reconciliation due dates |
Due dates for property tax payments | Late tax payments can lead to penalties or even liens on the property, which can disrupt business operations and hurt financial standing. | City/county tax payment deadlines |
Expiration dates for business and property insurance policies | Gaps in coverage expose your business to liability risks, leaving you unprotected in case of emergencies or claims. | General liability or property insurance renewals |
Expiration dates for operating permits, liquor licenses, health permits | Failure to renew these can lead to fines, operational shutdowns, or legal complications that directly impact revenue and business continuity. | Health department inspections, liquor license renewals |
Regular maintenance for key systems like HVAC, fire alarms, and plumbing | Proactive maintenance prevents costly repairs and downtime while ensuring compliance with safety regulations. | HVAC inspections, fire alarm tests |
Deadlines for ADA compliance, environmental assessments, and safety certifications | Non-compliance can result in hefty fines, legal disputes, or reputational damage, which can be costly to fix after the fact. | ADA certifications, EPA assessments |
Dates for quarterly or annual reports, especially for leases subject to ASC 842 or IFRS 16 | Timely reporting ensures compliance with financial regulations and improves transparency for stakeholders and auditors, helping avoid costly penalties. | Quarterly rent reconciliation reports, ASC 842 filings |
Key dates for gathering and reviewing lease documents in preparation for an audit | Being audit-ready minimizes the risk of discrepancies, which could lead to fines or unfavorable audit findings. | Lease audit preparation timelines, document collection deadlines |
Start and completion dates for renovations, remodels, or new build-outs | Tracking milestones ensures projects stay on schedule and within budget, helping avoid costly delays and ensuring locations are operational when planned. | Renovation completion dates, grand opening dates |
Other Location Events | Description | Example |
Health Permit Renewal Date | The date by which your location’s health permit must be renewed to comply with local regulations and avoid fines or shutdowns. | Renew the health permit by September 30, 2024. |
Fire Inspection Date | The scheduled date for a mandatory fire inspection to ensure your location meets safety standards. | Fire inspection scheduled for January 15, 2024. |
Business License Renewal Date | The date when your business license must be renewed to remain legally operational in the location’s jurisdiction. | Renew business license by December 31, 2024. |
Equipment Maintenance Deadline | The date by which key equipment at the location must be serviced or maintained to ensure continued operation. | Service HVAC system by March 15, 2024. |
Property Inspection Date | The date for scheduled inspections to ensure the location’s property is maintained and complies with safety or operational standards. | Property inspection set for June 1, 2024. |
Additional Events By Industry
We asked our Leasecake customers what industry-specific events they track in Leasecake. Here are the top responses:
Restaurants |
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Medical & Dental |
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Health & Fitness |
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Hair & Beauty |
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That's a lot of great ideas! Ready to start tracking these dates? Learn how to set up custom events and attributes in your Leasecake account today!
Disclaimer
The information provided is for general guidance and should not be taken as legal advice. Lease agreements can vary, and we recommend consulting with a legal professional for advice specific to your situation.
Keywords:
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