Renewing a Lease

Renewing a Lease

Extend a lease for another term when the current one is ending - or restart one that has just expired.

When You Can Renew

The Renew Lease button appears only for active leases that have an end date set.

• Draft leases should be activated first, not renewed.

• Cancelled leases can't be renewed - create a new lease instead, so the cancellation context isn't lost.

• Open-ended leases (no end date) are edited directly rather than renewed.

How to Renew

1. Open the lease detail page.

2. Click Renew Lease.

3. In the Renew Lease Agreement modal, configure:

   • New End Date - When the renewed lease will expire (must be in the future).

   • Rent Amount (AUD) - The rent for the new term (pre-filled with the current amount, can be adjusted up or down).

   • Enable auto-renewal for this lease - When ticked, the lease keeps rolling into a new term of the same length automatically at the end of each term (it sets the end-of-lease action to Renew for Same Term). When left unticked, the lease is set to terminate on the new end date.

4. Click Renew Lease to confirm.

What Happens

• Renewing an active lease extends the end date only. Billing continues on its existing schedule - the next invoice date is left untouched, so already-invoiced periods aren't re-billed and the cycle stays anchored to the original start date.

• Renewing a lease that has already expired restarts the term from today: the start date is moved to today and, for automatic leases, billing is re-armed from the new term's start.

• If the rent amount was changed, future invoices use the new amount.

• The lease ends up active with the new end date and end-of-lease action.