NetLessor - Establish Payment Details

Use Case: By default, NetLessor assumes a monthly payment and carries forward the Initial Payment Amount to each period throughout the entire Lease Term. If any variability exists in the timing or amounts of lease payments (including rent holidays, escalating rents, or non-monthly payments), that variability needs to be documented and reflected in the Payments sublist on the Amortization subtab of the lease record.

STEP BY STEP PROCESS

• During initial lease setup or in edit mode of any existing lease record, indicate the initial lease payment amount during the month of commencement in the Initial Payment Amount field within the Schedule Information header section.
• To edit future payments, navigate to the Payments subtab.

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• Select the effective date field of the change in lease payments and input the first date of the period that a payment is due.
• An example payment schedule is shown below:

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