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Transforming Contract Creation for Commercial Property Managers

Jan 13' 25
3 min read
Tarun Mudugant - Director of Product
Written byTarun Muduganti
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MonkSpaces.Ai has always focused on simplifying the lives of property managers. One of our latest innovations—Plans—helps eliminate repetitive tasks during contract creation. We're streamlining workflows and reducing errors by allowing managers to create a single plan that acts as a blueprint for multiple contracts.

The Challenge: Why Plans Matter

Imagine managing a co-working space where tenants rent hot desks, private offices, or dedicated desks. Each new tenant requires a custom contract, but often, these contracts share many of the same details—rent amounts, deposit terms, and included services.

This process presents two key challenges:

  1. 1.
    Repetition breeds inefficiency: Drafting similar contracts repeatedly takes time away from high-value tasks.
  2. 2.
    Manual errors creep in: The more you manually enter details, the higher the chances of missing key terms or introducing inconsistencies.

For instance, a property manager creating contracts for 10 tenants renting hot desks might forget to include a clause about internet services in one contract. These small errors can lead to big headaches.

The Solution: How MonkSpaces.Ai's Plans Work

Plans solve these challenges by providing property managers with a foundation to build contracts. Here’s how it works:

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    Create Once, Use Many: Design a single plan with pre-defined terms—like rent, deposit, services, and credits—and use it to generate multiple contracts instantly.
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    Save Time and Effort: Focus on growing your business instead of getting bogged down in repetitive tasks.
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    Consistency Across Contracts: Every contract generated from a plan is error-free and aligned with your requirements.

For example, you can create a plan for private offices that includes:

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    Rent: $1,200/month
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    Deposit: $3,000
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    Services: High-speed internet, cleaning, and maintenance
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    Credits: Complimentary meeting room hours

While Plans are a powerful tool to pre-populate data into contracts, MonkSpaces.Ai recognizes that every tenant’s requirements are unique. Contracts created from plans can still be customized to address specific needs. For example, private office contracts may vary depending on scale or specific tenant agreements. Operators can use plans as the benchmark to draft contracts but still have the freedom to tweak individual terms based on on-the-ground conversations. This balance ensures that while plans save time, contracts remain flexible and tenant-specific.

Once this plan is ready, you can use it to generate accurate, fully populated contracts for all your private office tenants.

How to Get Started with Plans on MonkSpaces.Ai

Getting started is simple. Follow these steps to create your first plan:

  1. 1.
    Navigate to Core > Plans in MonkSpaces.Ai.
  2. 2.
    Click Create Plan and enter essential details:
  3. 3.
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      Property and Category: Choose from options like hot desks, private offices, or dedicated desks.
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      Financial Details: Add rent, deposit, services, and credits.
  4. 3.
    Customize the plan for specific needs, ensuring flexibility across different properties.

A Glimpse Into the Future

You can use it to generate accurate, fully populated contracts for all your private office tenants. With Plans, MonkSpaces.Ai is redefining contract creation for property managers. By reducing repetitive tasks, minimizing errors, and saving time, we’re helping you focus on what matters most—your business and your tenants

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