Inside the industry

Timing your lease: start 12 to 18 months out

The earlier you start, the more options you have, and the harder a landlord has to work to keep you. Leave it late and the options quietly fall away, one month at a time. Start 12 to 18 months out.

A neon sign lit up at night on Hastings Street in Vancouver
Photo: Mike W., CC BY-SA 2.0, source · credits

Why 12 to 18 months

Three reasons. Your renewal notice deadline can be six to twelve months before the lease ends. A new space may need design, permits and build-out, which take months on their own.

And landlords negotiate harder when they know you’re out of time.

A typical timeline, working backwards

Months before your lease endsWhat happens
18 to 15Read your lease, note the renewal deadline, set requirements and budget
15 to 12Market survey, tours, and an early read on your landlord’s renewal position
12 to 9Proposals from two or three landlords, including your current one
9 to 6Negotiate, sign the offer to lease, remove conditions, sign the lease
6 to 0Design, permits, build-out and move, or a signed renewal and done

Small, simple spaces can move faster. Restaurants, medical uses and anything with heavy build-out usually need longer.

When waiting makes sense

Sometimes the smartest move is to wait. If the market is softening, a landlord’s flexibility may improve. But waiting only works when you started early enough to have the choice.

If the deadline slips by because nobody was watching it, you usually end up on holdover rent with very little room to negotiate.

I keep the calendar

Once we’ve done a deal together, I track your critical dates and get in touch well before they arrive. You shouldn’t have to remember your renewal deadline from a lease you signed five years ago.

Lease expiry countdown

When should you start? Pop in your lease end date.

Stays on your device. Nothing is sent anywhere.

The rule of thumb: start 12 to 18 months before your lease ends. Renewal notice deadlines are often 6 to 12 months before the end, and they’re the dates people miss.

Go deeper

If you’re looking for more details

Why 12 to 18 months

It takes time to find space, negotiate and build. Starting late leaves you two choices: whatever your landlord offers, or a rushed move. Starting early gives you real alternatives, which is what gets you a better deal.

Good times to have a lease end

If you can choose, avoid ending a lease in the middle of your busy season. Retail tenants usually don’t want to move in the fall. Many offices prefer the summer.

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Next step

Your lease ends in the next 18 months. Start now.

Book a call now and you’ll have every option still on the table.