Defining Amendment Types

PeopleSoft Lease Administration requires that any changes you make to active lease terms and conditions be processed through an amendment. When you create an amendment, the system creates a copy of the current lease details and preserves this as a historical record. The system then creates a new amendment, whereby you can define the changes.

Amendment types work with amendment reasons to provide the lease viewers with a quick explanation as to why an amendment is being made. A parent-child relationship exists between the amendment type and amendment reason. For example, you might have an amendment type of Financial Terms Increase and a reason of Increased Parking Fees. You must define the amendment reasons that are specific to the amendment type to view the amendment reason for that type. Before you can create amendments to a lease, you must define amendment types and amendment reasons.

Use the Amendment Types page (RE_AMND_TYPE) to define an amendment type and amendment reason.

Use amendment reasons that are defined for this amendment type only to further categorize this amendment type.

Navigation:

Set Up Financials/Supply Chain > Product Related > Lease Administration > General Definitions > LA Amendment Types

This example illustrates the fields and controls on the Amendment Types page. You can find definitions for the fields and controls later on this page.