Learn how to convert a property listing to leased status by updating tenancy details and setting the property as leased.
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About converting a listing to leased
When a property is leased, you need to update its status and add tenancy details. This ensures accurate records and enables future actions, such as re-advertising.
Convert a listing to leased
- Go to: The property profile
- Click the Tenants tab
- Attach a new or existing contact as the tenant
- Under the General tab, in the Status dropdown, select Leased
- You’ll be prompted to add the following tenancy details:
- Lease Amount - Enter the weekly lease amount
- Tenancy Start - Defaults to today’s date; adjust if needed
- Duration - Choose from 3 months, 6 months, 1 year, 2 years, or 3 years
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Tenancy End - Automatically calculates based on the selected duration
- After entering all details, click Set As Leased
- Once the property is leased, you can re-advertise or set it as available later using the Re-Advertise/Set As Available button
Note: When a property is leased, MRI Vault
generates a new lifeID.