Rolling Contracts
LeaseOps supports contracts with open-ended end dates or agreements in real estate that automatically renew after each period (e.g., monthly, or quarterly) until either party decides to terminate it by giving proper notice. If the lease auto-renews, you can:
- Set it as recurring with or without an expiration date.
- Use the recurrence frequency (e.g., yearly) to auto-generate future events.
Auto-Renewal Options
For leases that automatically renew at the end of each period (typically month-to-month), LeaseOps allows you to do the following:
- Configure notice periods (e.g., 3 months).
- Decide whether to add a termination event or rely on renewal alone.
- The system calculates the next exit date and last notice date based on configuration.