The lease begins mid-month on 15 January, 2002 and ends mid-month on 14 January, 2003.
- Rent for the first quarter is $100
- Rent for the second quarter is $200
- Rent for the third quarter is $300
- Rent for the fourth quarter is $400
- Rent for the fifth quarter is $500
The rent abatement of $10 is given only in the first month. The rent is scheduled to be paid in full at the beginning of each month.
Note: Information about Straight-line Payment Adjustments: Straight-line payments can be modified if the business process design includes special data elements (fields). These fields can override the start and end dates of a lease, add or subtract days from the lease term, or add or subtract specific dollar amounts to the lease amount.These adjustment fields do not change the line item dates or amounts. Unifier takes these adjustments into consideration when it calculates the straight-line payments after you click Save or Finish Editing. When you open the form in view mode, you will see the adjustments reflected on the Payment Schedule you open from the Payment Schedule button on the toolbar.