🏢 Real Estate & PropTech · State Machine
Lease Lifecycle
The states of a residential or commercial lease: drafting, signing, active tenancy, renewal, notice and move-out settlement.
Drawing diagram…
What this diagram shows
- Rent escalation applies on renewal
- Notice period starts the move-out process
- Deposit is refunded after the move-out inspection
Prompt used
State machine for a lease: Draft, Sent for Signature, Signed, Active. Before expiry it can be Renewed (with rent escalation) back to Active, or a Notice Given by tenant or landlord leads to Notice Period, then Move-out Inspection, Deposit Settlement (deductions for damage) and Closed. Non-payment for 60 days leads to Rent Default and then Eviction Proceedings.
Mermaid code
stateDiagram-v2 [*] --> Draft Draft --> SentForSignature SentForSignature --> Signed: Both parties sign Signed --> Active: Move-in date Active --> Renewed: Renewal with 5% escalation Renewed --> Active Active --> NoticePeriod: Notice given Active --> RentDefault: Rent unpaid 60 days RentDefault --> Active: Dues cleared RentDefault --> EvictionProceedings NoticePeriod --> MoveOutInspection MoveOutInspection --> DepositSettlement: Deductions for damage DepositSettlement --> Closed EvictionProceedings --> Closed Closed --> [*]
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