Lease Renewal Option
Overview
This search provides a detail listing of lease renewal options, which can be a required footnote disclosure item. Lease renewal options are added to a lease record by creating a NetLease Contract Provision child record with the Contract Provision Type marked as Lease Renewal Option.
See the Capturing Contract Provisions article for more information.
Process Steps
Step 1:
- Navigate to NetLease > Reports > Disclosure Reports > Lease Renewal Options
- Select the Run button
Step 2:
- The search can be narrowed down by adjusting the filters for lease, subsidiary, and/or lease type
- The report will automatically update as filtering options are selected
Recommended Filter by specific lease or by "All" to see a full list of leases with renewal options. |
Results
- Upon running the schedule the user will see a single line schedule by lease for the selected lease, subsidiary, and/or lease type from the NetLease template
- Each lease line item will include contract provision key information for the renewal option
Troubleshooting
If no data appears when you complete your search, navigate to the lease record that should be included on the report to make sure a renewal options has been added to that lease.
For more information on how to add a lease purchase option see Capturing Contract Provisions article.