Lease Termination
The 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:
- The original lease agreement is marked “Terminated” and no further payment or invoice processes are autogenerated from this release record.
- The Occupancy Status of the Space record associated with this lease agreement is updated to a “Vacant” status.
See Also
Lease Management Business Processes (BPs)
Leases Management User-Defined Reports (UDRs)
Last Published Wednesday, April 9, 2025