If you are located in North America, you will have slightly different buttons and terminology:
- Tenancies are referred to as Leases
- Terms & Breaks within a Tenant is called Terms & Options
- Vacate Current Term is called End Current Term
- Add Lease Break is called Add Lease Option
For the purpose of this article, we will refer to it as Tenancies, Terms & Breaks. For more information on regional terminology, refer to this article or contact support.
Terms are the dates for which a Tenancy is active. These are maintained over the duration of a tenancy and can be updated at any time in Re-Leased.
View, add, or edit Term details by navigating to the Terms & Breaks tab within Tenancy record.
From this page you can view key information about Terms relating to this tenancy (and click to get more details):
1. Current Term: The term whose dates include today's date. There can only be one current term. If this term came from a Renewal with an Option, the details of when the Option was exercised, and by who, will be shown here. Click anywhere on the Current Term tile to edit the details (see below).
2. Future Terms: Any terms (including Renewed terms) whose start date is in the future. There can be multiple future terms for a Tenancy.
3. Right of Renewals: Details of remaining Rights of Renewals linked to the current term, including when the Renewal option expires
4. Past Terms: Any terms whose end date is in the past. There can be multiple past terms for a Tenancy. If this term came from a Renewal with an Option, the details of when the Option was exercised, and by who, will be shown here.
5. Lease Breaks: If a Lease Break Clause has been included in the Tenancy Agreement, this can be recorded alongside the terms of the tenancy
Edit a term
To edit the Current Term, click anywhere on the Current Term tile, or the Edit term button.
This will take you to the Edit term details page, where you can adjust the details of the terms as required.