Learn Why Lease Dates Are Important

September 27, 2010
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Software service provider Virtual Premise is presenting a course titled “The Nuts and Bolts of Critical Lease Dates” at the National Retail Tenants Association’s 15th Annual Conference. “We aren’t out of the woods yet in regards to the economy, and retailers need a way to leverage their real estate portfolio as a strategic asset to meet business goals,” said Kelly Kepley, vice president of lease services for Virtual Premises. “This obviously includes managing critical lease dates.”

One way to do this, according to Kepley, is by consolidating all critical lease information into one central web-based location. Effective management of lease dates will help retail tenants develop a strategic plan regarding market activity related to expansion, ongoing store operations, and store closings.

“Incurring late penalties, failing to collect money due to your company, and making ill-considered uninformed decisions due to pending deadlines can quickly add up,” said Kepley. “That’s why critical date management is more important than ever.”