Example

You want to track your lease buy-out and cancellation options and have already created these two attributes:

BUY_OUT: VALUES
Attribute:
  • BUY_OUT
  • Lease buy out options
Values:
  • CONTRACTUAL
  • NEGOTIABLE
  • NOT ALLOWED
CANCL_CLSE: VALUES
Attribute
  • CANCL_CLSE
  • Lease cancellation clause
Values
  • CANCELLABLE
  • NON CANCELLABLE

To assign specific buy-out and cancellation values to a lease, you can manually add the appropriate values to each lease. But assuming the majority of your leases have a contractual buy-out option and are not cancellable, you can save yourself time by creating an attribute template that can automatically add these values.

  1. Create an attribute template LEASE_TMPLAT that contains these attributes and values:
    BUY_OUT

    CONTRACTUAL

    CANCL_CLSE

    NON CANCELLABLE

    Note: To assign a different set of values for these attributes, you can create another template, or manually change the values after they were added.
  2. After adding a lease that matches these criteria, select LEASE_TMPLAT to automatically add these attribute values to the lease.