Quick Reference Guide
New Deal - A brand new client, no relationship at all. Or an existing client who is starting a lease on a new property.
Renewal - renewing their current lease at the end of their current term. Extends the dates of the original lease. Will allow you to change the start date, system assumes the start is the day after the current lease term expires. Can be used when a tenant wants to renew but also downsize by removing units or reducing square footage in the proposal. Similarly, this would also work when a tenant wants to renew but expand into another unit by adding the unit to the proposal.
Relocation - Tenant moving from one unit to another. Typically used when a tenant is changing spaces during the existing lease term. Voyager limitation proposal needs to have the same end date. You cannot move a current tenant to another property due to Voyager restrictions. It would need to be a new deal on a new tenant code.
Expansion - Tenant adding another unit outside of their current terms in the same building. When combined with renewal (upsizing), use the Renewal deal type and adjust space accordingly.
Contraction - reducing the size of space, tenant removing a unit(s) from current lease term. When combined with renewal (downsizing), use the Renewal deal type and adjust space accordingly.
Restructure/Blend - Typically used when a tenant wants to restructure their current rent schedule/term. Restructure/Blend will go into Voyager as a renewal. Also used for early renewals where start date is earlier than current end date. “Same rates/same dates” is the saying on this one.
Termination - when a current tenant is ending their lease term. No proposal involved.
Remeasure - ability to resize a unit during their current term. Typically, this is only used when terms aren't changing or a BOMA re-measurement is required.
Holdover - allows putting current tenant into holdover to remain in unit while renewal agreement is being negotiated so billing/charges can continue.
Assignment - when a lease is changing to a different name, but all terms remain the same. Similar to a termination since no proposal is involved.
Tenant Ancillary Document - requires the Legal module license. This deal lives in Deal Manager only. Used to create documents for in-place tenants, track the approvals on a document through the approval workflow and obtain electronic signatures as needed.
Sublease - only available for clients on Voyager 8. Allows for the subleasing of a leased space. The proposed term must be within the sublessor lease dates.