What function does the Upon Expiration field serve within the Market Leasing profile?

The Upon Expiration field in the Market Leasing profile is designed to provide continuity in leasing management by allowing a different Market Leasing profile to be selected once the current profile reaches its expiration date. This functionality helps streamline the leasing process, ensuring that there is a clear transition to a new profile without interruption in the management of leasing terms.

When you set up a leasing strategy, it's important to have mechanisms in place that ensure flexibility and adaptability, especially as market conditions or leasing requirements change over time. By linking the expiration of one profile to the activation of another, it allows for a more dynamic approach to market leasing, enabling property managers and leasing agents to maintain optimal leasing conditions tailored to current needs.

In contrast, the other options serve different purposes. Ending the current leasing profile would mean that there is no continuation, which could lead to gaps in leasing activity. Renaming the existing profile does not account for the need for a new leasing strategy, and archiving the previous profile without selecting a new one would leave an absence of active leasing terms, potentially complicating management efforts. Thus, the functionality of selecting a new profile upon expiration is crucial for maintaining seamless leasing operations.