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Contract Termination fields



Landlord Early Termination Notice Period

The number of months the landlord must notify in advance if they want to terminate the contract early.


Lock-in ends

The earliest date when the lease contract can be terminated — during the lock-in period, the contract cannot be terminated.


Also, in order to terminate the contract on the lock in date, the early termination notice needs to be submitted in advance, according to the Tenant or Landlord Early Termination Notice Period


Tenant Early Termination Notice Period

The amount of time in advance the tenant must notify the landlord if they wish to end the contract early.


Tenant Early Termination Penalty

A financial penalty the tenant must pay if they terminate the lease before the agreed end date.


Notice Period for Regular Contract Termination/Extension

The standard notice period required to end the contract in the usual way, without early termination or penalties.

In some cases lease agreement continues or prolongs for another period, if not terminated.


WAULT



WAULTe — Weighted Average Unexpired Lease Term (by end date)


Definition


WAULTe shows the average remaining lease term until the contract end date, weighted by the area (or rent) of each lease.

  • It answers: “On average, how long are tenants committed to stay?”
  • It includes all lease periods until their scheduled end, including optional break rights if they are not expected to be used.


Formula


Use case
Gives landlords and investors a view of lease stability and cash flow certainty. A longer WAULTe implies more secure, longer-term tenants.



WAULTb — Weighted Average Unexpired Lease Term (by break date)


Definition


WAULTb shows the average remaining lease term until the earliest possible break option in the leases, also weighted by area (or rent).

It answers: “On average, when is the earliest tenants could leave?”

This is a more conservative estimate of risk, as it assumes tenants may exercise their break options.


Formula


Use case
Useful for risk assessment – especially when break clauses are common. A short WAULTb suggests potential near-term vacancy.



Example


  • WAULTb uses Jan 2026 for Lease A (break)
  • WAULTe uses Jan 2028 for Lease A (end)
  • Lease B has no break, so both values are same