Did you know that having or not having date reminder software could have an enormous impact on your business? From lease and domain name renewal dates to option periods, there are all sorts of important times and dates that you need to remember.
After all, as busy as most people’s days are, missing a date is easy, but it could spell disaster. Let’s have a look at what happened when some real businesses that didn’t use date reminder software forgot about their important dates.
A national retailer occupying multiple sites had a long term lease on a store around a hundred sixty square meters in a recently improved shopping center. This tenant had been leasing their shop for nearly five years, with a five year option period on the lease.
That option period, common in lease situations for retailers, said that the tenant could choose to extend the lease for five more years during a given window of opportunity – starting three months before the lease expired and ending one month before.
This retailer had the ability to keep a lease in a popular shopping area with many improvements and no increase in rent. However, they missed their option and had to pay a much higher rate for the same space.
Another case involved an international airline that missed its option period and lost more than six hundred fifty square meters of office space on favorable terms. It cost them a lot of money to move their offices and they lost a prime location.
Their ten year lease with five year option was negotiated when tenants had a favorable market, with the clause that the rent would never be subject to an open market review, locking in low rent rates. However, by failing to exercise the option, they had to move in just three months, in a much less favorable market and at an incredible cost.
These two examples are just a small fraction of the problems that happen every day to established businesses that miss their important deadlines. There are plenty of dates to remember, and when they’re far in the future, forgetting them is all too easy.
This is why date reminder software could be an incredible help. It’s an inexpensive program that’s easy to use. Just put your dates in to be reminded when you need to act.
That could be the thing that saves the office space, website domain, or business deal your company has been banking on. You’ll save money, and you won’t have to worry. A high quality date reminder software package is the perfect solution.
Anyone who runs a business, no matter how big or small, can be negatively affected by missing important dates. Don’t take this risk. Instead, pick software that’ll help you make sure you have it all taken care of.
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