Viewing Lease/Tenancy Terms

  • Updated

For North American users, please be aware that "Tenancies" are known as "Leases" and "Terms & Breaks" within a Tenancy are referred to as "Terms & Options". For more information on regional terminology, please refer to our Glossary of Regional Terminology.

This guide details the steps for viewing and managing Leases/Tenancy and Terms & Options in Re-Leased. Whether you're looking to add new terms, renew existing ones, or update term details, this article will ensure your property management records remain accurate and up-to-date.

Understanding Lease/Tenancy Terms

Within Re-Leased, Lease/Tenancy terms are the time frames during which a lease agreement is active. These terms and associated details are accessible and modifiable under the Terms & Breaks tab within a Tenancy/Lease. Here's what you can manage:

  • Current Term: View the active term, including details of any options that have been exercised. Modifications can be made by selecting the term.
  • Future Terms: These are upcoming terms that are yet to commence. They're listed for your planning and management convenience.
  • Right of Renewals: Insights into pending options for renewal, including when they expire, are accessible here.
  • Past Terms: A historical log of all previous terms, including instances where options were taken up.
    Break Clause Conditions/Lease Breaks: Key information on any break clauses or the potential for early lease/tenancy termination is found in this section.

How to Edit a Lease/Tenancy Term

To update the details of an active term, follow these steps:

  1. Navigate to the Terms & Breaks tab within the relevant Lease/Tenancy.
  2. Select the Current Term to access its details. You can also click the Edit Term button if presented.
  3. Make any necessary adjustments to the term's information on the following page.
  4. After ensuring all the details are correct, select Save to update the term's details.

Screenshot of CC's Coffee Lounge - 58 Cavill Avenue - Re-Leased (14).jpg

By keeping term details current, you maintain the integrity of your lease/tenancy records, ensuring smooth operations and keeping all parties informed of their obligations and rights.


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