Create Obligations for Revenue Leases

You can record lease document obligations for revenue leases on the Rights and Obligations tab.

Use obligations to have quick and convenient access in the lease pages to:

Rights and Obligations Tab:

Select New (+) to display the Create Rights and Obligations page.

The following fields are available as part of the obligations creation:

Field	Description
Obligation Type	Select the obligation type. Your choices are as follows: Health Club Maintenance Related Parking Roof Rights Security Services TI Allowance
Responsibility Type	Select the responsibility type. Responsibility type indicates the person or job type responsible for the obligation-related task. Your choices are as follows: Electric Elevator Exterior Paint Fences Fuel HVAC Insurance Interior Alterations Janitorial Lighting Landscaping Parking Lot Major Parking Lot Patch Plumbing Roof Repair
Reference	You can enter more details of the obligation here.
Paid By	Select the Paid By. If a cost is associated with the obligation, you must select the party responsible for paying it. Your choices are as follows: Lessee Manager
Supplier	Select the supplier name.
Obligation Amount	Enter the obligation amount.
Currency	Select the obligation amount's currency.

Select Save and Close.

Rights and Obligations Tab: Obligations Subtab:

You can view or add the following obligation information in the Details section:

Field	Description
Obligation Number	Oracle Lease Accounting generates and displays the obligation number.
Obligation Type	Retain or change the obligation type.
Responsibility Type	Retain or change the responsibility type.
Reference	You can enter more details of the obligation here.
Start Date	Select the start date of the obligation.
End Date	Select the end date of the obligation.
Supplier	Retain or change the supplier name.
Obligation Amount	Retain or change the obligation amount.

You can select an obligation directly from the table and select Cancel to cancel the obligation.