Changing the lessor
You can change the lessor or vendor on a lease at any time during the life of the lease. The existing payment schedule changes to the new lessor. The change is recorded for audit.
Previous lessors on a lease are known as Historical Vendors, which you can review by running Lease Audit Report (LM135).
- Select Lease Addition and Adjustment (LM21.1).
- Click Inquire.
- On the Payment Schedule tab, in the Payment Vendor field, select the name of the new lessor.
- Click Change.