Process Flow Overview for Creating a Lease

The high-level business process flow for creating a lease consists of these steps:

1. Define the general lease information.

2. Enter the lease timetable and lease administration information.

3. Add the property information.

4. Define the financial terms of a lease.

5. Add base rent.

6. Add the operating expenses.

7. Add miscellaneous rent.

8. Allocate total lease payments across assets (multi-asset leases).

9. Define percent rent information.

10. Enter security deposits.

11. Add lease clauses.

12. Establish options and set critical dates.

13. Add and attach pertinent notes.

14. Define internal and external contacts for the lease.

15. Validate and activate lease.

See Establishing Operating Expenses for a Lease, Setting Up Percent Rent Terms, Setting Up Security Deposits, Setting Up Options and Critical Dates, Understanding Lease Administration Contacts.