Lease Termination

Lease Termination process is used to end or terminate a lease agreement. Once initiated, and the termination justification is provided, the process is routed for review and approval.

Once approved, multiple events take place a s a result of that:

The original lease agreement is marked “Terminated” and no further payment or invoice processes will be auto-generated from this release record
The Occupancy Status of the Space record associated with this lease agreement will be updated to “Vacant” status.

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