Track Critical Dates and Payments

Publish a lease and Leasecake derives its critical dates and payment schedule from it. You do not enter either one by hand: the published lease is the source, and your job is to watch what it produces. This article shows where to do that.

Watch critical dates on the dashboard

Critical dates are the deadlines and milestones Leasecake derives from a published lease. Because they are derived, you keep them correct by keeping the lease correct, not by editing dates.

Critical dates cover:

• Commencement and rent commencement

• Expiration

• Renewal, termination, and purchase notice windows

• Escalations, insurance, and possession

• Holdover notices, deposit refunds, payment due dates, and term anniversaries

1. Open the dashboard to see upcoming critical dates across your portfolio.

2. Subscribe to the calendar feed so critical dates appear in your own calendar and nothing needs a manual check.

Track payments by status

Leasecake schedules every payment on a lease and tracks it by status. Open a lease's Payments page to see where each payment stands.

A payment is one of five statuses:

• Scheduled

• Issued

• Past due

• Recorded

• Projected

Upcoming payments also appear on the dashboard next to upcoming critical dates, so one look covers both.

From tracking to accounting

A published, well-maintained lease is also the starting point for accounting: Leasecake measures the lease under each accounting standard it is reported under and produces the liability, right-of-use asset, and schedules from the same record. See How lease accounting works for the full picture. When the lease later changes, the change flows into the accounting instead of being entered a second time.