Lease Payments are auto-generated from the lease record of type Tenant. They are typically payment requests sent out to lease administration groups at the tenant’s organization who are responsible for processing lease payments to landlords. Lease Payment requests can be for Rent, Utilities, CAM, Insurance or other types of charges.
The Lease Payment record has a reference to the lease record that generated it and line items are automatically populated with the relevant charge type and amount. Lease Payments are then routed for review and approval.