The date on which the lease term ends and the tenant's right to occupy the premises terminates, unless the tenant exercises a renewal or extension option before the applicable deadline.
The lease expiration date is the single most important critical date in a lease — it governs when space becomes available, when renewal options must be exercised, when holdover provisions activate, and when the rent roll changes. In a portfolio, tracking expiration dates by quarter enables proactive lease renewals and space planning. Expiration dates are calculated from the commencement date plus the lease term, but must be verified in the lease document because early possession, delayed commencement, or amendments can shift the expiration date. Lextract automatically extracts and normalizes expiration dates across abstracted leases to populate portfolio dashboards and alert on upcoming expirations.
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