We’ve introduced new functionality for recording lease and renewal dates in Lease Summary. This enhancement allows users to record all lease dates, keeping track of all lease commencement, renewal and expiry dates. Additionally, when actioning a Lease Renewal within Lease Summary by updating the Commencement Date, Expiry Date and Lease Option fields in Lease Summary, this will automatically create a new entry in the Lease Term Log. Manual date entries can also be added to record historical lease dates.
All changes to the Lease Term Log are recorded in the Lease Summary change log.
View Lease Term Log
- Go to Leases > Lease Summary
- Select a Lease
- Under the Overview section go to Lease Details
- Next to Commencement Date, click on the Lease Term Log icon.
This opens up a pop-up box where you can view the Lease Term Log entries. - A system generated entry will be populated based on the Commencement Date and Expiry Date entered on the Lease Summary screen.
Add New Lease Term Log Entry
- Go to Leases > Lease Summary
- Select a Lease
- Under the Overview section go to Lease Details
- Next to Commencement Date, click on the Lease Term Log icon. This opens a pop-up box to display the existing lease term log entries
- Click on the plus icon and enter a log entry containing the following:
- Commencement Dates
- Expiry Dates
- Lease Option (optional)
- Click Submit to create a new entry and repeat for any additional log entries if required
Delete Or Edit Existing Lease Term Log Entry
- Go to Leases > Lease Summary
- Select a Lease
- Under the Overview section go to Lease Details
- Next to Commencement Date, click on the Lease Term Log icon. This opens a pop-up box to display the current lease term log entries
- Click on the Edit Pencil icon
- To delete an entry, click on the red X icon against the relevant entry log, then click YES to the warning message
- To edit an entry, click on the Edit Pencil icon against the relevant entry log and change the Commencement Date, Expiry Date and Lease Option dates as required, then click Submit to save the changes.
