Adding lease contracts
To use turnover rent, you must add a lease contract that includes at least one turnover rent line. You can also add a separate line for fixed rent, if applicable.
Procedure
1. Go to > .
2. On the action panel, click Add ....
4. Click Save.
5. Go to > to add the corresponding lease contract lines.
A turnover profile has a link to a lease contract because it is linked to a turnover rent line.
6. On the action panel, click Add....
7. On the data panel, enter the required information. Please note the following fields that are specific to turnover rent. For a description of the other fields, see Contract line fields.
◦ Turnover rent line?: Set to Yes to mark this line as a turnover rent line. When enabled, the Maintain turnover profile action becomes available (see Defining turnover profiles).
◦ Contract line for fixed rent: If the lessee also pays fixed rent, link this turnover rent line to the corresponding fixed rent contract line.
◦ Amount: Enter the prepayment amount for the turnover rent. If there are no prepayments, enter 0.
8. Click Save.
Some notes on working with contracts:
◦ You can deep copy a lease contract including its linked turnover profiles. Use the Copy action and select the option to include associated profiles.
◦ The Shift contract dates feature lets you move the start and end dates of a contract and automatically updates:
- All linked subcontracts and contract lines
- Turnover profiles
- Contractual terms and options
If you shift the contract dates, the linked turnover profile dates are updated as well:
- Shifting the start date adjusts the profile's start date and the Start date of regular period. If the new start date is after the profile’s end date, the profile is deleted and the next profile’s start date is adjusted.
- Shifting the end date updates the profile’s end date. If the new end date is before the profile’s start date, the profile is deleted and the previous profile is shortened.
 | For more information on working with contracts, see Contracts. |