Special features for contract options
For both active and inactive leases based on lease accounting, renewal and termination options can be defined.
 | For general information on working with contract options, see the Contract Management documentation. |
Planon supports two different methods for renewal and termination options on lease contracts:
1. Exercising the option is 'Reasonably certain'.
2. Exercising the option is 'Not reasonably certain'.
These different methods allow you to change the likelihood of options being exercised on (active) leases. With regard to renewal options, setting and changing an Horizon date allows you to automatically apply rolling renewals on active leases. This can affect the certainty of renewal options being exercised. See Rolling renewals for more information.