Lease Expiration Manager

No. Average Monthly Rent has zero effect on Annual Expirations, Expected Renewals, Expected Non-Renewals, or Turnover Costs — those come from Total Units, Average Lease Term, Renewal Rate, and Turnover Cost per Unit. Rent only enters the picture through Vacancy Loss and the resulting Impact as % of Rent, both of which use it to price out lost rent during vacancy.

Total Annual Impact adds two costs together: Turnover Costs, which is Expected Non-Renewals multiplied by Turnover Cost per Unit, and Vacancy Loss, which is Expected Non-Renewals multiplied by the daily rent (Average Monthly Rent divided by 30) times Average Vacancy Days. Renewed leases contribute nothing to either cost, since no turnover event or vacancy occurs for them.

Ideal Expirations/Month is Total Units divided evenly by 12 — a staggering benchmark for how expirations should ideally be spread, not a prediction of your property's actual lease calendar. The calculator has no visibility into individual lease anniversary dates, so if your real leases cluster around a few renewal months, actual monthly expirations will look very different from this even split.

Yes, indirectly. Annual Expirations equals Total Units times 12 divided by Average Lease Term, so a longer average term produces fewer turnover events per year even though Renewal Rate, Turnover Cost per Unit, and Average Vacancy Days stay the same. Fewer annual turnovers means fewer units incurring Turnover Costs and Vacancy Loss, which lowers Total Annual Impact overall.

Raising Renewal Rate shrinks Expected Non-Renewals, and every dollar of Turnover Costs and Vacancy Loss in this calculator is driven entirely by non-renewals — a renewed lease generates no turnover cost and no vacancy days. So a higher renewal percentage directly lowers Total Annual Impact, holding Total Units, Average Lease Term, and the per-unit cost inputs constant.