Lease Tab (Payment Schedules)

FlexNet Manager Suite 2021 R1 (On-Premises)

The Lease tab appears only when the Payment schedule type is set to Lease. Here you can record some lease details, especially those related to lease termination.

The controls are listed in alphabetic order:
Control Comments

The cost of closing off the lease to take possession of the leased goods. This figure depends on many factors, including the duration of the lease so far (that is, the age of the goods), and is typically the subject of negotiation. Therefore the final buyout figure is not usually known until the lease is terminated. If you wish, you can record a projected cost when entering negotiations: this figure is for your records only, and does not affect any other calculations.

Enter the agreed sum for taking possession of the leased goods at the end (or early termination) of the lease agreement.

Lease number

Enter the identification number or code for the lease. Alphanumeric characters and simple punctuation are accepted.

Lease termination date

The date when the lease was discontinued (usually used for early termination).

When the lease is terminated, either type in the date, or click the calendar icon to the right of the field to use a date picker.

Lease termination reason

Intended to record exceptional circumstances when a lease is terminated early. Optionally, you can also record ordinary expiry when the lease term is completed.

When the lease is terminated, enter a reason for the termination. For example Lease ended - asset returned.

FlexNet Manager Suite (On-Premises)

2021 R1