Skip to main content
All CollectionsSimpleRent Guide for AgentsSimpleRent FAQs
20. How to process Lease Renewals & Bond Top Ups
20. How to process Lease Renewals & Bond Top Ups

Renewing a lease and renewing a Payment Schedule

Updated over a week ago

How to process Lease Renewals & Bond Top Ups

20.2  Automated Extension  of Payment Schedules

Every Agency should be set up with their own customised settings in this regard. Contact us should you have any questions or would like to change your settings and we will Help!

Our default approach is to notify the PM 28 days prior to the end of the payment schedule (lease) to check to see if the tenant needs to renew.

If the tenant's payment schedule is not renewed, SimpleRent will Auto Extend the payment schedule.

At what time / day will the schedule auto extend?

The auto extension of the new payment schedule will automatically take place at 3am; the day prior to the last direct debit and expiration of the schedule.

What if we do not want the payment schedules to auto extend?

If you prefer to NOT auto Extend, we can set your agency to not auto extend the payment schedules.

Did this answer your question?