Contracts & Leases

A lease defines what a tenant is billed and on what schedule. You capture it once, and the billing engine generates each period's invoice from its terms — applying proration, escalations, and recoveries — without further manual input.

See it in action

Acme Co. executes a lease for Suite 200 at Maple Plaza: $6,000/month base rent with a 3% annual escalation, commencing mid-month.

Capture the lease — property, space, tenant, and commencement/expiration dates.
Add a base rent term: $6,000 monthly, 3% annual escalation.
Save.

From there:

The first invoice is prorated for the partial commencement month.
Subsequent periods bill the full $6,000.
On each anniversary the escalation applies automatically — rent steps to $6,180.

What you can do here

Creating a lease

Capture a lease end to end.

Terms & escalation

Define each charge and its escalation.

Key concepts

Term — a single billable component of the lease (base rent, parking, a CAM estimate), each with its own amount, frequency, and escalation.
Escalation — a scheduled increase to a term, typically annual, as a percentage or fixed step.
Billing schedule — the cadence on which the lease is invoiced.
Proration — treatment of partial periods; calendar-day proration bills the actual number of days in the partial month.

A lease posts nothing on its own. It is the source of the billing run, which generates invoices that then post to the general ledger.

Billing Schedules

The cadence that generates invoices from a lease.

Properties

The assets and spaces leases attach to.