Free Lease Renewal Calculator
Compare the cost of renewing a lease with a rent increase versus the cost of tenant turnover.
USD
%
months
USD
Net Gain from Renewal
$960
Total Turnover Cost$5,900
New Monthly Rent$1,680.00
Months to Recover Turnover Cost73.8 months
Net Gain from Renewal vs Expected Vacancy (Turnover)
Lease Renewal vs Turnover Analysis
Comparing the cost of retaining a tenant at increased rent versus finding a new tenant.
Renewal Gain
Annual Gain = (New Rent - Current Rent) x 12
Turnover Cost
Turnover Cost = Vacancy Months x Rent + Turnover Expenses
Decision Framework
Example Calculation
$1,600 rent with 5% increase proposed, expecting 1.5 months vacancy and $3,500 turnover costs if tenant leaves.
- 01New rent: $1,600 x 1.05 = $1,680
- 02Annual gain from increase: ($1,680 - $1,600) x 12 = $960
- 03Turnover vacancy cost: $1,600 x 1.5 = $2,400
- 04Total turnover cost: $2,400 + $3,500 = $5,900
- 05Months to recover: $5,900 / $80 = 73.8 months
- 06The $960 annual gain does not justify risking $5,900 in turnover costs