Creating a renewal lease

If the renewal option is enabled, you can create a renewal lease based on the specified terms. If the lease is approaching its end and renewal has not been confirmed, you can create a month-to-month renewal.

  1. Select Leases.
  2. Open the record of the lease to renew.
  3. Select Renewal.
  4. Specify this information:
    Renewal Lease Name
    Specify a new lease name for the renewed lease.
    Reclassify Lease
    Select this check box to enable reclassification of the lease.
    Month To Month Renewal
    Select this check box to extend the lease and schedule a monthly payment.
  5. Click Submit.