Property Management
In South Dakota, a commercial property manager responsible for lease renewals should track 'lease expiration dates' primarily to:
ADetermine when to raise rents
BAllow adequate time to negotiate renewals or find replacement tenants before vacancies occur✓ Correct
CNotify the lender about tenant changes
DCalculate depreciation for tax purposes
Explanation
Tracking lease expiration dates is essential for commercial property management. With adequate advance notice (typically 6-12 months for commercial leases), the manager can negotiate renewal terms with existing tenants or begin marketing to prospective tenants to minimize vacancy.
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