Use case · Leases

Never let a notice deadline slip by

The notice deadline is calculated, alerts go out 6, 3 and 1 month ahead, and renewals stay on record.

Involves
  • Real estate or facility manager
  • General management and finance
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Screenshot of the Task FM application, Leases module

What changes, in practice.

Today, without Task FM

Your portfolio holds a dozen leases, each with its own term, notice period and renewals. The dates live in a spreadsheet and in someone's head. Miss a notice deadline and it's another year of rent, with no chance to renegotiate.

With Task FM

  • No notice missed by oversight: the date and the alerts no longer depend on one person.
  • Risks surface on their own: notice deadline passed, leases expiring this month, leases without documents.
  • Total monthly rent, surface area and a three-year projection for the executive team.
  1. 1

    Record the lease in five steps

    Dates and notice, premises (floors, surface, parking), address, finances (rent, service charges, deposit) and contacts. The signed lease and amendments are uploaded to the record and filed in the document library.

  2. 2

    The deadline is calculated

    Task FM works out the effective end of the lease, renewals included, minus the contractual notice period, with the number of days left.

  3. 3

    Alerts go out on their own

    An email goes out 6, 3 and 1 month before the deadline, with rent, surface, notice period and a direct link to the lease. Deadlines also appear in the manager's calendar.

  4. 4

    Decide in time

    You record a renewal (new term, new rent, new charges) or a dated termination. The table for the next six months shows which notices to serve.

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Damien Dehoul

Founder, Task FM

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