Extend Contract End Date

Explanation

This activity is used to extend the end date of a lease contract.

Prerequisites

In order to extend the end date of a lease contract, a lease contract should exist in Preliminary status in the Lease Accounting window.

System Effects

As a result of this activity, the end date of a lease contract can be extended to be able to add new terms and conditions.

Window

Lease Accounting

Related Window Descriptions

Lease Accounting

Procedure

Use the following procedure to extend the end date of an existing lease contract:

1. Open the Lease Accounting window and search for the Lease Contract ID of which you want to update the end date.
2. Edit the End Date field in the header of the Lease Accounting window by adding the number of years, months and dates to the existing date from which you want to extend the lease term.
3. Save the information (F12).