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LRLease Renewal

Warren Hamilton
Warren Hamilton
  • Updated

Renew expiring lease in the system by applying existing lease terms or defining new lease terms as agreed with the tenant.

 

Navigation

1. From the homepage, go to Tenancy module.

2. Navigate to the Lease Variation and select Lease Renewal.

 

Lease Renewal with New Term

1. Click on Create New button and select the lease to be renewed. 

2. Make sure the following fields are filled:

  • Lease Type
  • Usage Type
  • Brand
  • Preferred/Shop Name
  • Trade Type
  • Sub-Trade Type
  • Anchor Type

3. Define the Renewal Offer Date field and Renewal Offer Expiry Date.

4. Populate the Lease Dates:

  • Lease Possession Date
  • Fit Out Period (Days)
  • Lease Commencement Date - automatically computed based on the Lease Possession Date + Fit Out Period (Days)
  • Lease Term (Months)
  • Lease Expiry Date - automatically computed based on the Lease Commencement Date + Lease Term (Months)

5. Define the Rental Structure:

  • Billing Frequency - Monthly, Quarterly, Half-yearly, Annually
  • Billing Anniversary Date - start of billing date

6. Add the Monthly Charges

7. Submit for Approval once done.

 

Lease Renewal with Existing Term

1. Do steps 1-4.

2. Submit for Approval once done.

 

 

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