1.19

Renewal options and amendments

A fixed-term lease may grant the tenant options to extend. ImmoFlow keeps them with deadline and rent rule, watches the deadline in the agenda and the radar and turns the exercise into the numbered amendment.

ForProperty management
WhereLeasesLeaseOptions
Options card with deadline, next step and exercise; the amendment as contract version 2.
Fig. 1.19Options card with deadline, next step and exercise; the amendment as contract version 2.
How to proceed
  1. Record each option in contract order: real option (unilateral right), negotiation option (right to negotiate) or tacit renewal; term, deadline as a date or months before the end, rent rule. «Read from contract (AI)» proposes the options from the uploaded contract; you confirm.

  2. If the rent of the extension is neither determined nor determinable, ImmoFlow classifies a «real» option as a negotiation option and says why.

  3. The deadline appears in the agenda and in Focus Today with the next step: 180 days before inform the owner, 90 days before ask the tenant or prepare the offer.

  4. The tenant exercises in the portal (declaration as a document, ticket for the office) or by letter: upload the letter and «Record exercise». Both extend the lease and make «Amendment no. n to the lease of …».

  5. Further amendments (rent change, change of premises) you make in the contract card with an occasion and text blocks from the amendment template; the AI proposes the fitting blocks. You maintain the template under Settings, lease contract templates.