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Lease Rollover
The expiration of existing leases and the resulting renewal or re-leasing exposure over a stated period.
Lease rollover describes existing leases reaching expiration and the resulting need for renewals or re-leasing. A rollover review groups upcoming expirations to show when rental income may be exposed to a change in tenancy or rent.
Use the rent roll alongside renewal assumptions, anticipated rents, leasing commissions, and tenant-improvement costs. Keep scheduled expirations separate from confirmed departures and current vacancies; a lease may renew without the tenant leaving.
Source: OCC, Commercial Real Estate Lending v2.0, printed pages 49 and 119-120.
Frequently Asked Questions
Does an expiring lease necessarily mean the space will become vacant?
No. The tenant may renew. Rollover analysis considers renewal and re-leasing possibilities rather than treating every expiration as a move-out.
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