For property managers
Offer a lease renewal
How this works
You (landlord or manager)WealthruOutside serviceTenant
Create renewal offer
Rent increase within province limits
Safety checkWe email or text the offer
via Email providerAccept or decline
Renew through the one seam
Allowed lease change
Safety checkTenant replies YES or NO
via SMS providerRead the tenant's reply
Apply the reply
Renewal offer accepted
Done automaticallyDaily expiry sweep
Alert staff that the offer lapsed
via Email provider
Offer a tenant a fixed-term renewal or a move to month-to-month, with any rent change checked against your province's rules.
Before you start
- Renewals are available on all plans.
- A proposed rent increase is checked against your province's rent-increase guideline. An amount above the cap is refused before the offer goes out.
Steps
- Open the lease from Leases and find the renewal control on the Settings tab.
- Choose the renewal kind, a new fixed term or month-to-month. If you are changing the rent, enter the new amount.
- Send the offer. The tenant sees it in their portal and can accept or decline.
What happens next
- On accept, a fixed-term renewal creates the new term as its own lease, linked to the one it renews, exactly as Renew a lease does. The term the tenant just finished stays in your records with its own dates and rent, and its page links forward to the new term. A month-to-month renewal has no new term, so it moves the same lease to month-to-month.
- A rent increase in the offer is checked against your province's guideline and notice period again when the tenant accepts, against the rent on the lease at that moment. If it no longer passes, the accept is refused and the offer stays open for you to withdraw and re-send.
- An accept or decline is processed exactly once. A double tap, or a reply that crosses with your own action, cannot apply twice.
Notes
- Renewal messages are about the tenant's own tenancy, so they do not need marketing consent. They are not a substitute for any notice your province's tenancy law requires.
Was this helpful?