Renewing a lease
Renewing extends the lease term. It does not move money. How to renew Open the lease and select Renew . Enter the new end date. It must be later than the current one. Review what the screen shows you...
Last updated
Renewing extends the lease term. It does not move money.
How to renew
- Open the lease and select Renew.
- Enter the new end date. It must be later than the current one.
- Review what the screen shows you about the deposit.
- Tick the acknowledgement, then select Extend.
What the screen shows you before you commit
Before extending, the screen lists the deposit exactly as it stands today: the amount owed, the amount received, the amount held, the due date for anything unpaid, where the deposit is in its lifecycle, and its accounting entries. Every one of these is marked Unchanged, because extending the lease changes none of them.
The one deposit field a renewal does move is the tracking expiry date, which follows the new lease end so the deposit stays associated with the live term. This matters more than it used to: a deposit that reaches its expiry date is marked expired and sends a notice, so moving the date forward on a renewal keeps that notice from arriving while the term is still live.
What renewing does NOT do
- It does not change the rent, the deposit amount, or the billing details.
- It does not create a charge, an invoice, or a payment.
- It does not postpone the payment due date on an unpaid deposit. If a deposit was already overdue, it stays overdue.
- It does not release, claim, or forfeit anything.
If it fails
The date you typed and the acknowledgement are kept on screen, so a temporary failure does not cost you your entry. Fix the problem and select Extend again.