Introduction

The Edit Tenancy feature allows you to update tenancy information such as tenants, dates and financial terms. Different from adding tenancy, there are only two steps when editing tenancy. 

You can edit a tenancy from:

1. Lettings > Tenancies > ...Action > Edit

   

2. Lettings >  Properties > Property Detail Page > Tenancy Tab > Tenancy Detail Page > Edit icon

Summary

• Step 1 – Basic Information
• Step 2 – Financial Summary

Step 1 – Basic Information

In the first step, you can review or update key details about the tenancy.

Tenancy Details

Certain fields—such as Property, Type and Status — are read-only. You can edit the Start Date, End Date and whether Rent Guarantee is required.

Landlord

A tenancy must always have at least one landlord and must include one Primary Landlord.

Landlords can be selected from your existing contacts or created directly here. You can also choose to invite them to consumer portal.

Tenants

A tenancy must always have at least one tenant and must include one Primary Tenant.

You can

• Add new tenants

• Edit an existing tenant’s details

• Upload Right to Rent documents

• Record who checked the documentation and when

Tenants can be selected from your existing contacts or created directly from the edit screen.

Guarantors

You may add or remove guarantors as needed. Each guarantor can include:

• Contact details

• Relationship to the tenant

• Notes

Permitted Occupiers

If the tenancy includes permitted occupiers, you may add them here. Multiple occupiers can be added at once.

After completing all required fields, click Next.

Step 2 – Financial Summary

This step focuses on rent terms and other financial settings.

Rent Overview

You can update:

• Rent amount

• Payment schedule (e.g., Weekly, Fortnightly, Every 4 Weeks, PCM, Quarterly, UK Quarterly, Bi-Annually)

• Set-up Recurring Invoice

• Deposit Amount

• Scheme Provider

• Registration Number

Management Fees

Choose from:

• No fee

• Percentage of rent (with or without VAT)

• Fixed amount

Depending on the option selected, you will complete either a percentage or an amount.

When this step is complete, click Next.

Questions?

If you have any questions about this topic or anything else, please get in touch with our Support Team. You can email us at <Support@LoftyWorks.com> or call us on +44 330 321 3500.