Lease and Instalment Plans

Flexible Lease and Instalment Management

Managing leases and instalment plans is crucial for both property owners and tenants. MyResERP provides an efficient system to handle lease agreements and payment schedules, offering flexibility for tenants and ensuring timely payments for landlords. Whether it’s a traditional lease, rent-to-own, or instalment-based agreement, MyResERP helps streamline the process with automation, reminders, and tracking capabilities.

Customizable Lease Agreements

With MyResERP, landlords can create customizable lease agreements tailored to specific needs. The system allows for different lease terms, payment schedules (monthly, quarterly, annually), and clauses to be included in the agreement. This ensures that businesses can accommodate various leasing options while maintaining consistent terms.

Instalment Plan Setup

For clients or tenants looking to pay in instalments, MyResERP allows businesses to set up flexible payment schedules. You can define the total amount due, the duration of the payment period, and the instalment frequency (e.g., monthly, quarterly). This provides tenants with the option to pay in smaller, more manageable amounts, improving retention and satisfaction.

Automated Payment Reminders

MyResERP sends automated reminders to tenants about upcoming instalment due dates. This feature helps reduce late payments by ensuring tenants are consistently notified in advance. The system can send reminders via email, SMS, or in-app notifications, improving payment compliance.

Late Payment & Penalty Management

To maintain cash flow and reduce late payments, MyResERP automatically calculates and applies late fees for overdue instalments based on predefined rules. It ensures that penalties are applied consistently and fairly, protecting landlords from payment delays.

Tracking Instalment Payments

MyResERP provides real-time tracking of instalment payments. The system automatically updates the tenant’s account with each payment received, giving both the tenant and landlord a clear overview of outstanding balances. This transparency helps build trust and minimizes the risk of disputes.

Key Features of MyResERP Lease & Instalment Plans

MyResERP Lease & Instalment Plans feature flexible payment structures, automated instalment tracking, customizable plans, payment reminders, and easy plan adjustments, offering seamless financial management for both tenants and property managers.