Issue:
Regional managers were responsible for staying on top of renewals and lease terms while notice periods had no consistency due to the nature of acquisitions.
Solution:
Avocat created a standardized Lease Addendum of terms that were critical to their operations and legal departments and integrated them into each lease as the term rolled over. Avocat further established a quarterly call with each regional manager that covered each property with a lease expiration within 18 months plus any locations where their needs had changed.
Result:
RecoverCare was able to reduce portfolio renewal costs by 17% using a proactive competitive strategy while business terms reduced risk and simplified real estate decisions going forward.
Client Response:
“Getting organized on over 100 branch locations, each with unique considerations, is no small undertaking. You helped us get ahead of the game, stay pro-active, provided us with negotiating leverage and followed up on laborious items enabling timely commencement of leases. We’d gladly refer you to anyone needing oversight on their portfolio of leased locations.”