Leases module

The Leases module tracks property and equipment leases: offices, retail units, warehouses, residential lets, equipment and vehicle leases, land. Like contracts, leases hinge on notice periods: miss the window and you are committed to another term, or you lose a break clause you meant to use.

What it tracks

• The premises or asset and the landlord or lessor
• The end date and the notice period
• Whether the lease auto-renews
• Rent or recurring fee and billing period, payment terms
• The owner responsible
• The signed lease (PDF)

Key dates

• End date, when the term finishes.
• Notice deadline, end date minus the notice period. This is the date that matters, and Lapsewise reminds you before it. See Notice periods explained.
• Start date, stored for reference.

A worked example

A retailer leases twelve shops. Each lease is a record with the landlord as counterparty, the property manager as owner and the finance lead as watcher. Notice periods range from 3 to 12 months. Lapsewise reminds both of them ahead of each notice deadline, so every renewal is a decision rather than a default.

Tips

• Always capture the notice period. For leases with a break clause, set the notice period so the reminders land before the break notice is due.
• Record the rent as the recurring fee so leases show in Analytics alongside other renewal costs.
• Use the Category picker (Office, Retail, Warehouse / industrial, Residential, Equipment, Vehicle, Land) so the Table view filters cleanly.

FAQ

Lease or contract? Use Leases for property and equipment you rent, Contracts for services and agreements. Both are notice period aware.

How do I handle a lease with several break dates? Set the notice period for the next break you care about. When it passes, update the record to the following one.

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Next: Contracts module · Notice periods explained