Terms define the duration and conditions of a tenancy in Re-Leased, including rent amounts, rent reviews, and rights of renewal. You can add a new term or renew an existing one from the Terms & Breaks tab.
How to Create a New Term
Open the tenancy and navigate to the Terms & Breaks tab in the left menu.
Click + New Term.
Fill in the term details as required.
If the tenancy includes Rights of Renewal:
Click Add Right of Renewal for each renewal option specified in the lease agreement.
If an option expiry date is stated, tick the box and enter the date.
Set reminders for the option expiry date and select a Remind Me date to populate your dashboard calendar.
Use the red bin icon to remove any accidental entries.
Click Save.
How to Renew an Existing Term
Renewing a term allows you to adjust rent and add rent reviews — it is different from creating a new term from scratch.
Navigate to the Terms & Breaks tab and open the existing term.
Click the renew button and update the details as required.
Review all details carefully before saving.
North American customers will see "Leases" where this article says "Tenancies", and "Terms and Options" where it says "Terms and Breaks". For more information on regional terminology, see our Glossary of Regional Terminology.