Contracts
In the Real Estate Management (REM) context, a contract is an agreement between the property owner (lessor) and the tenant (lessee) for leasing one or more rentable units. The Contracts screen displays all relevant contract information at property, contract and contract line level.
To access the Contracts screen:
1. Go to the Asset details page of the asset/property you wish to view or edit.
2. In the navigation panel, select Input > Contracts. The following screen appears:
In this screen, you can manage renewal rent expectations, tenant turnover rates, reletting terms, vacancy periods, and financial incentives. For more information on the data available in this screen, see Contracts - columns and fields.
◦ Contracts are categorized into contracts for rented rentable units (Contracts tab) and contracts for vacant rentable units (Vacant RUs tab).
◦ Click the Go to edit source data button to edit contract data or to add a new contract (only available for acquisitions, not for other types).
◦ Click the Show details/hide details toggle button to view or hide the contract line section.
In the contract lines section, several sliding panels with detailed information can be opened by clicking the relevant button:
◦ Lessee
◦ Options
◦ Breaks
◦ Secured rental income
◦ Memo
◦ Click Cash flow statement to go to the cash flow statement of the selected contract.
For more information on the data available in the Contract lines section, see Contract line - columns and fields.