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Manage & Maintanence
QUEUE : 2
Meenakshi Tower
Elysium Academy · ends 14 Jun 2026
33 days to expiry
Renewal Due
Koramangala 5th Block
EiBS · ends 31 Aug 2026
111 days to expiry
Under Renewal
Meenakshi Tower
● Renewal Due
LSE-2023-007·Elysium Academy / Madurai HQ
Current rent
₹1,45,000
Ends
14 Jun 2026
Days remaining
33
1
Proposal received
2
Negotiate terms
3
Internal approval
4
Execute new lease
Lessor's proposal
Current
₹1,45,000
Ends 14 Jun 2026
Proposed
₹1,56,600 (+8%)
Until 14 Jun 2029
Proposed changes
Term
Current
Proposed
Δ
Monthly rent
₹1,45,000
₹1,56,600
+8%
Term length
3 years
3 years
—
Annual escalation
5%
7%
+2pp
Lock-in
12 months
18 months
+6mo
Deposit
₹11,28,000
₹12,18,240
+₹90.2K
Counter-proposal
Adjust the terms you want to push back on. The lessor will receive the counter-offer document.
Counter rent (₹)
*
Annual escalation (%)
*
Lock-in (months)
*
Deposit (months)
*
Note to lessor
*
Internal approval
Approval required from Finance Controller and Operations Head for any rent change above 5%.
KR
Karthik R.
Operations Head
Approved
08 May 2026
SP
Sandhya P.
Finance Controller
Approved
09 May 2026
SI
Suresh Iyer
Managing Director
Pending
—
Execute renewal
Approved. On execution, the system will close the current lease and activate the renewed lease.
What happens next
Current lease LSE-2023-007 marked Closed effective 14 Jun 2026
New lease LSE-2026-014 activated effective 15 Jun 2026
Rent schedule regenerated: 36 entries at the new rate
Renewal alert scheduled for 90 days before new end date
Signed addendum stored in Documents module
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