NetLease - Lease Expansion Option
Purpose
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.
How To
Navigation:
NetLease > Reports > Disclosure Reports > Lease Expansion Options > Run
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.
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.