Lease Expansion Option

Overview

This search provides a detail listing of lease expansion options, which can be a required footnote disclosure item. Lease expansion options are added to a lease record by creating a NetLease Contract Provision child record with the Contract Provision Type marked as Lease Expansion Option.

See the Capturing Contract Provisions article for more information.

Process Steps

Step 1:

• Navigate to NetLease > Reports  > Disclosure Reports > Lease Expansion Options
• Select Run button

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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 expansion option

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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 expansion options has been added to that lease.

For more information on how to add a lease purchase option see Capturing Contract Provisions article.