Contract Update : Moving A Tenant In

After a contract is created, the process of updating it, especially when tenants are moving in, is incredibly straightforward.

Follow these steps to Move a tenant in: 

• Access the Contract Tab: Navigate to "Core" > "My Data" > "Units". Open a specific unit and head to the "Contract" tab. Click the "Edit" button, to update the details of the contract

• Select Contract Type: Proceed to the "Unit status" section. In the "Contract type" dropdown, choose from:

1. Monthly: For contracts without fixed move-out or end dates.

2. Yearly: When rent is collected via post-dated cheques with an installment structure.

3. Nightly: For stays less than a month.

• Tenancy Status : Update the tenancy status from ‘Booked’ to ‘Occupied by tenant’  on the day of their move in.

• Key Information: Add key information related to the contract such as - 

1. Specify contract start and end dates.

2. Enter move-in and move-out dates.

3. Set notice period duration.

4. Define lock-in period start date and duration.

5. Include move-in and move-out times for Google Calendar reminders.

• Tenancy Terms Section: Enter deposit amount, rent amount, and deposit to the owner. Add tax details, and whether convenience fee is included/excluded.

• Additional Services: If the tenant opted for extra services, click "Add new service" to include them in the contract.

• Submission: Once all details are entered, click "Submit" to update the contract.

With this information, you're equipped to create contracts that enhance the tenant experience and streamline property management.

For further guidance or inquiries, don't hesitate to reach out to our support team at support@monktechlabs.com. 

Recommended article : Contract update : Moving a tenant out