Tenant & Contract Management
This section provides merchants with key details about managing tenants and contracts in the Ottu Real Estate Plugin.
What is a Tenant?
A tenant is an individual or entity renting property from a landlord. Tenants sign a contract that specifies:
- Rent payment terms
- Tenancy duration
- Responsibilities of both parties
Tenants may rent residential, commercial, or industrial properties, depending on their needs. The plugin supports both individual tenants and company tenants (Limited Liability Company or Listed Company).
What is a Contract?
A contract is a legally binding agreement outlining the rights and responsibilities of the landlord and tenant. It includes:
- Rent amount
- Tenancy duration
- Rules and responsibilities
Contracts provide legal protection and help prevent disputes by clearly defining expectations for both parties.
Managing Tenants and Contracts
| Task | Description | Guide |
|---|---|---|
| View tenants and contracts | Use the centralized dashboard to see all tenants and their associated contracts | Dashboard |
| Add or edit a tenant | Register new tenants or update existing tenant information | Tenant Management |
| Create a new contract | Set up a rental agreement linking a tenant to a property unit | Add Contract |
| Manage existing contracts | Overview of contract lifecycle and available actions | Contract Management |
| Renew a contract | Extend an existing contract with updated terms | Renew Contract |
| Terminate a contract | End a contract and record termination details | Terminate Contract |
| Suspend a contract | Temporarily halt all invoice payments on a contract | Suspend Contract |
| Resume a contract | Reactivate a suspended contract | Resume Contract |
| Record manual payment | Log offline payments against contract invoices | Manual Payment |
| Process advance payment | Request and record advance rent payments | Advance Payment |
What's Next?
- Dashboard -- View and manage all tenants and contracts in one place
- Tenant Management -- Add and edit tenant profiles
- Add Contract -- Create a new rental agreement
- Contract Management -- Manage the full contract lifecycle