Yes. Whether you are at home, or out and about, Auto-Lock seals your door after the amount of time you choose. You can select anywhere between 30 seconds and 30 minutes before your door will automatically lock again.
You can also schedule when guests have access to your home. Guests can have "Temporary" access, which gives them a limited invitation to your home that expires. Or, guests can have "Recurring" access, which gives them a scheduled access time that repeats.