When calculating the value of the ROU Asset and lease liability, the Wizard subtracts tenant improvement costs and other incentives from the ROU Asset and lease liability in the period in which the incentive is received (not at the commencement of the lease).
Enter the lease using the Add/Edit Wizard or the Lease Portfolio Console. Both are available on the Process Navigator at Real Estate Portfolio Management / Lease Administration / Lease Portfolio.
If an option "is reasonably certain" to be exercised, mark it as such. If you change an option, and the lease is already has a workflow status of "Submitted for Approval" or "Approved", then the Lease Classification Wizard will capture your comments on the change for the audit log, log the change, and flag the lease for re-evaluation.
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