Lease Agreement Policy

This policy allows you to customize the LEASE as it relates to all the legal wording and signature rules. Use this to set up the Lease Agreement wording and layout.

 Administration→ Policies → Application Leasing→ Lease Agreement Policies

 

This Policy is broken down into four (4) tabs:

  • Legal terms
  • Signatures
  • Customization
  • Settings

 

Legal Terms:

Here you would add a section for each legal term. It would be recommended that for each paragraph you create a new box. 

Title: This reflects the Paragraph Name

Tag: LEAVE EMPTY! THIS IS FOR SPECIAL CUSTOMIZATION ONLY

Signature Format: Choose between Full Name, Initials, Agree Box, Agree Box and Full Name and None. 

Note: Depending what you choose it will force the signature after each section. Best practice is to leave them as NONE and add a final clause at the end to sign. 

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Signatures:

This is for SPECIAL PRELOADED or CUSTOM LEASES only.Please leave blank unless otherwise instructed by your CSM.

Customization:

This is for SPECIAL PRELOADED or CUSTOM LEASES only.Please leave blank unless otherwise instructed by your CSM.

Settings:

Here you will configure what information is calculated and added to the actual Lease document.

Send Signed Agreement To Participants: Checking this box will automatically send a copy of the final executed agreement to all participants

Tenancy Starts:

Actual Day: Makes the LEASE START date the actual day they move in on the lease. 

Full Month Date: Makes the LEASE START date the beginning of the upcoming month. 

Legal Rent Includes Section:This section helps you configure what is considered part of the LEGAL rent (legal purposes). 

Concessions:This includes Concessions as part of the legal rent

 
 
Part Term Concessions: This includes partial concessions (ie. those that are not for the entire term of the lease) as part of the legal rent
 
Adjustments: This includes Lease Adjustments as part of the legal rent
 
Part Term Adjustments: This includes Lease Adjustments that are not covering the entire term of the lease as legal rent
 
Prompt Payment Discounts: This includes the Prompt Payment Discount into the Legal Rent
 
Part Term Features: This includes features that are not covering the entire lease into the Legal Rent
 
 
Addendum Includes: This section is for SPECIAL CUSTOM Leases. Leave blank unless otherwise instructed by your CSM.
 
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