Lease Renewal Rate
Use the Lease Renewal Rate. Enter Renewed leases and Leases eligible for renewal for a clear result, formula explanation, and practical planning checks.
Lease Renewal Rate measurements
Enter your values, then calculate.
Result
How to calculate lease renewal rate
Lease renewal rate measures what percentage of leases eligible for renewal actually renewed — a key tenant retention metric.
How the calculation works
Renewal rate = (Renewed leases ÷ Leases eligible) × 100.
Example
32 renewed out of 40 eligible: (32÷40)×100 = 80%.
Frequently asked questions
How is Result calculated?
Result = [Renewed leases] ÷ [Leases eligible for renewal] × 100.
Is the Lease Renewal Rate free to use?
Yes — every calculator on Simple Calculator Tools is free, runs in your browser, and does not require an account.
Lease Renewal Rate
Renewal rate = (Renewed leases ÷ Leases eligible) × 100.
Let's understand your lease renewal rate result.
Calculate a result above and this guide will help you interpret it using this calculator's own formula and explanation.
Pro Tips for Lease Renewal Rate
- Higher renewal rates generally reduce turnover costs (vacancy, marketing, unit turn) significantly.
- Track by property or unit type to identify where retention efforts might be most needed.
Common Lease Renewal Rate Mistakes to Avoid
- Focusing only on rent growth without considering how aggressive renewal increases might reduce renewal rate and increase costly turnover.
When to Use This Calculator
Lease renewal rate measures what percentage of leases eligible for renewal actually renewed — a key tenant retention metric.