Lease Termination Options
Overview
This search provides a detailed listing of lease termination options, which can be a required footnote disclosure item. Lease termination options are added to a lease record by creating a NetLease Contract Provision child record with the Contract Provision Type marked as Lease Termination Option.
See the Capturing Contract Provisions article for more information.
Process Steps
Step 1:
- Navigate to NetLease > Reports > Disclosure Reports > Lease Termination Options
- Select 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 termination 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 termination option
Troubleshooting
If no data appears when you complete your search, navigate to the record that should be included on the report to make sure a termination options has been added to that lease.
For more information on how to add a lease purchase option see Capturing Contract Provisions article.