Odoo real estate software fully manages rental contracts with customizable lease templates, renewal tracking, and automated rent invoicing. Odoo property management lets you define contract periods, rent amounts, deposit terms, and payment schedules, then the system generates and sends invoices automatically on the specified dates. The Odoo ERP for real estate links these invoices to tenant accounts and updates financial records instantly when payments are received. You can also set late fee rules and configure prorated charges for mid-month move-ins. This automation eliminates manual billing, ensures consistent collection, and gives property teams accurate, real-time visibility into rental income.