Change of Lease Contract (e.g. Increase of Lease)

In order to capture a change to lease contract, in LIMMOBI a lease contract with a new ID is created.

Typical changes of a lease contract are caused by:

  • Increase or decrease of lease
  • Change of some tenants (excl. children)
  • Change of ancillary cost allocation shares in the middle of an ancillary cost calculation period

Typical changes that can be done to an existing lease contract:

  • Change of ancillary cost allocation shares at end of ancillary cost calculation period
  • End date
  • Cancellation date
  • Security Deposit

If a completely new tenants move in, it is suggested to create a new fresh lease contract instead of replacing an existing one. 

To replace a lease contract with an updated one, select the lease contract and click the "Replace" icon:

All existing values are taken over to the new contract with the ability to apply the change. Note, that for any point in time only one lease contract can exist for every lease unit.