Real Estate Portfolio Management / Lease Administration

Enter Amendments

To track changes to your lease agreement, you can record amendments. You can also add a lease document for the amendment.

Note: The Amendments tab is available only from the Lease Administration Add/Edit Wizard task; it is not available from the Portfolio Administration's Add/Edit Wizard task.

Accessing the Amendments Panel

You can enter amendments using the Amendments panel accessed from either the Lease Administration/Add/Edit Details Wizard (Amendments tab), or from the Lease Administration/Add/Edit Form - Complete task. Before entering amendments you first select the lease.

For more information, see

Procedure: Entering Amendments for a Lease

To enter amendments:

Click Add New at the top of the Amendments panel.
The Add Amendment form appears.
Note: You can also access the Add Amendment form from the Lease Portfolio Console: after selecting a lease, click the Amendments tab and then click Add New.
Complete the following required field:
Description-- Select or enter a description of the change.
Optionally, complete the following fields:
Date Requested- Date the change was requested.
Date Effective --Date the amendment is effective.
Exercised by--The name of the user who exercised the option. Click the Select Value button next to the Exercised by field to select the name of the user entered in the Employees table.
Comments--Any details for the amendment you want to record.
Click Save.
The system automatically creates the following values:
Lease Amendment ID: A unique identifier for the amendment.
After saving amendment information, the Lease Document field now has the Check in New Document button. Click this button to locate and select a document to associate with the amendment record.
Click Close to close the Add Amendment dialog.

Next Steps from the Add/Edit Wizard

If you are working from the Add / Edit Wizard Amendments tab, do one of the following:

Finish: Click Finish if you have completed your entries. This returns you to the Action and Type step from which you can make new selections to work with another portfolio item.See Add/ Edit Wizard Overview.
Back: Click Back to return to the Options tab. See Entering Options.