From residential to commercial, every lease with its own rules
A simple residential lease and a monthly revenue-share mall contract live in the same system, managed side by side without ever mixing.
How It Works
Simplicity for residential leases.
The process stays simple for residential rentals: tenant, rent amount, payment plan, and contract term. Upcoming vacancies show on the calendar ahead of time, so you can start looking for the next tenant early.
A full rule engine for commercial leasing.
Commercial and institutional leases bring in an entirely separate, configurable rule engine: late-payment interest, revenue-rent variance, and seven different penalty rules — from unauthorized subletting to confidentiality breaches to decoration permissions — all defined per your company, with no number hardcoded into the software. Subtenant information is recorded separately too.
Formula-based renewal.
When renewal time comes, the rent increase is automatically calculated against your country's legal index and presented to you as a suggestion; the final decision and the correct figure remain your responsibility.
Twenty-five countries' laws, one system.
From Turkey's capped rent-increase regime to Dubai's tiered model, twenty-five countries' lease regimes are defined; if none fits, you can set one up entirely manually.
Security deposits and guarantees in separate ledgers.
Cash deposits and letters of guarantee or insurance policies are tracked separately, each fit for its purpose; when a letter of guarantee or an insurance policy is nearing expiry, an automatic task lands with the legal department.
Changes to an approved contract go through discipline.
If a change is needed on an active contract, whoever requests it, it's first prepared as a draft; only a manager or the company owner has the authority to save it.
Tips
- Creating a rental: start from the customer card with Create Rental; the relevant fields appear in the form based on your residential/commercial choice.
- Reporting a penalty: accounting, a specialist, or legal opens a penalty record when they spot a violation; a manager approves, and legal gives final sign-off when needed.
- Renewal: the formula engine shows the suggested increase rate; you approve it or change it.
- Deposit/guarantee: view the ledger activity from the contract detail page.