Lease Renewal Cost Calculator
Use this free Lease Renewal Cost calculator to make better property management decisions. Enter your values below to get instant results.
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How to Use This Calculator
- 1 Enter current monthly rent
- 2 Enter proposed increase percentage
- 3 Add turnover cost estimate
- 4 Compare renewal vs turnover economics
- 5 Make data-driven retention decisions
Example Calculation
Deciding on $1,500/month unit renewal
Inputs:
- Current Rent: $1,500
- Increase: 3%
- Turnover Cost: $3,500
Result:
New rent: $1,545. Turnover break-even: 2.3 months. Renewal is optimal.
Important Considerations
- • Rent-controlled areas limit increases
- • Long-term tenants may warrant smaller increases
- • Month-to-month has different considerations
Frequently Asked Questions
When turnover costs exceed 1-2 months rent, tenant has good history, or vacancy rates are high. Small concessions often cost less than turnover.
60-90 days before lease end. This gives time to find new tenants if needed. Some states mandate minimum notice.
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