Renew Contract

Ottu empowers merchants to seamlessly renew existing contracts. Detailed explanations on how to initiate Contract Actions are accessible here.

When merchants select Renew Contract, the system will redirect them to the Renewal Contract Form for further processing.

Renew Contract Form

Most of the information will be filled automatically after selecting the parent contract and cannot be modified.

Merchant should fill:

• New Contract End Date:

  The proposed end date for the renewed contract.

Below will be automatically populated based on the chosen parent contract but can be modified.

• New Contract Amount:

  Rent amount for the unit.

• New Original Contract Amount:

  The maximum amount that the merchant can demand the customer to pay within each phase of payment.

• Contract Reference:

  A unique identifier or code assigned to the contract for tracking and reference purposes.

• Upload Attachment:

  Any relevant documents or attachments related to the contract renewal.