When a tenancy term ends mid-billing cycle, Re-Leased generates a partial invoice to cover the period up to the term end date. The next invoice after renewal or hold-over covers the remainder of the interrupted cycle.
When a Partial Invoice Is Generated
A partial invoice is created at the end of a term when:
The term end date does not align with the invoicing frequency.
The tenancy is not set to holding over.
How the Partial Amount Is Calculated
The formula is: Annual Amount ÷ 365 days × Days in the partial period
Renewed or Holding Over Terms
If a partial term-end invoice was generated and the term is later renewed or set to holding over, the next invoice covers the remainder of the interrupted cycle — not using the prorated formula.
Example:
Term end date: 30 September
Invoice frequency: Monthly on the 20th
Term status: Not holding over
A partial invoice covers 20–30 September. If the term is then set to holding over, the next invoice covers 1–19 October (the remainder of the cycle). If the term expires without holding over, no further invoices are generated.
In Europe, "Outgoings" are referred to as "Service Charges". For more information, see our Glossary of Regional Terminology.