When a tenancy reaches its expiry or a right of renewal is due, you can renew the current term directly from the tenancy record or from a Dashboard reminder.
How to Renew a Term — From the Tenancy
Open the tenancy and navigate to the Terms & Breaks tab.
Click Renew Term.
How to Renew a Term — From the Dashboard
Click the renewal reminder in your Dashboard Calendar (e.g. Renewal, Term Expiry, or Renewal Option Expiry).
Select Renew Current Term.
Completing the Term Renewal
Terms and Rights of Renewals
The current term is shown in read-only format. New term details are pre-populated from the next Right of Renewal — edit as needed and record the Option Exercise Date if applicable. Tick Rolling Term only if you want to remove all future Rights of Renewal. Adjust or add subsequent Rights of Renewal as required.
Rent and Rent Invoice Template Lines
Review and update rent details. Pay particular attention to the First Payment date to ensure the new rent amount starts on the intended date. Expand Show Rent Template Lines for full detail.
Rent Reviews
Set up future rent reviews for the new term. Use Generate Rent Reviews to create a new schedule (this replaces any existing reviews), or Add rent review to insert reviews manually for rolling terms. Remove unnecessary reviews using the red button next to each.
In North America, Tenancies are referred to as Leases, Terms and Breaks as Terms and Options, and Rent Review as Rent Adjustment. For more information on regional terminology, see our Glossary of Regional Terminology.