What is lease roll-over in multifamily investment?

What is Lease Roll-Over?

Lease roll-over (or lease turnover) in multifamily investment refers to the process where existing leases expire and new leases are signed, either with the current tenants or new ones. This is an important metric in property management and investment strategy, as it impacts rental income stability and vacancy rates. Effective management of lease roll-over helps maintain occupancy levels, adjust rents to market conditions, and minimize income disruption due to vacancies.

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