Renewal rewards (concessions) impact:
Select one:
A. prospect-to-lease ratios.
B. NOI
C. target market.
D. late payment fees.
Answer (1)
Renewal rewards impact financial metrics such as NOI and prospect-to-lease ratios by encouraging tenant retention and reducing turnover costs. They can also strengthen relationships with the target market, affecting overall profitability. However, careful management is necessary to ensure they do not adversely affect late payment fees. ;
