The Lease Renewal Red-Flags Workbook · By Drip Equity
Your best tenant is leaving.
They just aren't telling you.
They are showing you instead, in five signals, months before the notice.
The free workbook that turns those five signals into a five-minute monthly habit, so you catch the tenant quietly drifting while you can still keep them.
“The building that notices first almost always wins.”
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The five signals
Each one has a “what it does NOT mean” so you never panic over a false alarm.
FLAG 1 · Silence
The most dangerous signal feels like peace. Work orders stop, emails go slow, your contact disappears from building events.
FLAG 2 · Budget pressure
The money conversation you want to have first. Payment timing drifts, opex questions sharpen, someone asks how subleasing works.
FLAG 3 · Space use changes
The floor that went quiet. Fewer badge-ins, desks gone dark, furniture consolidated to one side.
FLAG 4 · Decision-maker shifts
Goodwill is not inherited. A new CFO, a merger, the founder stepping back, a new name on the rent checks.
FLAG 5 · Competitor & broker mentions
The checking is not the flag. The touring is. A broker’s name surfaces, they toured a friend’s building.
What is inside
- All five signals: what each looks like, the move to make, and the mistake to avoid.
- A simple 0-1-2 scoring system, so you rate what you can verify, not what you fear.
- A printable monthly sheet: GREEN, YELLOW, or RED for every tenant, in five minutes.
- The 48-hour action plan for any tenant who scores YELLOW or RED.
- How to make the renewal offer stronger with the time you just bought, in the order that protects your margin.
Why five minutes is worth it
Renewal decisions form roughly 18 months before a lease expires. By the time the notice goes out, the tenant decided long ago.
$115K+
One lost 3,000 SF tenant, before a month of lost rent
18 mo
Before expiry, the renewal decision forms
$15 : $1
Asset value protected per dollar of NOI defended
Janet Ng
Real Estate & Hospitality · Operator & Investor
I learned these five signals over 15+ years running commercial buildings, across $1.5B in assets and 3.4M SF, including anchor tenants on decade-plus leases where a single renewal is a valuation event. This is the system I used to catch them early.
janet@getdripequity.com ·
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