You might now know it, but whether or not you have date reminder software could have a high impact on your business. There are all kinds of important times and dates for you to remember, from domain name renewals and lease renewal dates to option periods.
It can be easy to accidentally miss them with everything that’s going on, though, and that could spell disaster. Let’s take a look at some occurrences that have already happened because companies missed important dates in their calendars.
A national retailer with a number of sites had a long term lease on a store of around a hundred sixty square meters in a suburban shopping complex that had recently been sold and improved. This tenant had leased their shop for nearly five years, and had a five year option period on their lease.
Option periods are common in retailer leasing situations, and this one allowed the tenant to extend the lease for another five years at a low rate, as long as this was done in the period three months before the lease ended to one month before the end of the lease agreement.
The retailer could have kept their low lease rate in an improved building if they’d paid attention. However, they missed their option and had to pay a much higher rate on the next lease. The only other option was to get out.
An international airline had a similar problem, though their office was around six hundred and fifty square meters and they had entered their lease on extremely favorable terms. Losing out cost them a huge amount.
Their ten year lease had a five year option period and had been negotiated in a market that favored tenants, so their rent was never subject to open market review. They had low, locked in rates and few increases, but their failure to exercise their option forced a move in a space of three months, and cost them a lot of money.
Of course, those are just two examples of the problems you could deal with, even if you’re a well established business. Missing an important deadline could spell disaster, and all kinds of dates have to be remembered, even if they’re far in the future.
This is why date reminder software can help. It’s an inexpensive kind of program, but it’s helpful and easy to use. All you have to do is put your dates into it and you’ll be reminded when things come due.
That could save your business’s office space, your website domain, and many other important business features. You’ll save a lot of money and be able to rest easy, since you don’t have to worry. All you need is a high quality package to move on to more immediately pressing matters.
If you own a business, you need to make sure you don’t miss important dates. No matter how large or small you are, you can’t afford it. Pick software that’ll help you make sure you don’t miss a thing.
Tags: International Airline, Three Months, Occurrences, Term Lease
