Automatic Lease Extension Listing [R0923]

The Automatic Lease Extension Listing [R0923] provides a review of the leases to be automatically extended upon maturity.

The report may be accessed through the Operational report menu [R09].

The report may be selected for:

• All portfolios
• A portfolio
• A company
• A region
• An office
• A lease
• All or a specific date ranges

Automatic Lease Extension Listing Selection

• ALL - PORT, COMP, REGN, OFFCE, LEASE
  Enter X to report on all assets by portfolio. Leave blank to report on a specific portfolio, company, region, office, or lease.

• ALL - START DATE, END DATE
  Enter X to report on all leases to be automatically extended upon maturity. Leave blank to report the leases which will be extended on a specific range of dates.

• START DATE
  Enter the start date in MM/DD/YY or DD/MM/YY format, depending on the Date Format Preference field in Security [U0706]. All leases to be automatically extended on or after this date are selected. If both START DATE and END DATE are entered, all leases to be automatically extended on or between the dates are selected. Leave START DATE blank for all leases to be automatically extended on or before END DATE.

• END DATE
  Enter the end date in MM/DD/YY or DD/MM/YY format, depending on the Date Format Preference field in Security [U0706]. All leases to be automatically extended on or before this date are selected. If both START DATE and END DATE are entered, all leases to be automatically extended on or between the dates are selected. Leave END DATE blank for all leases to be automatically extended on or after START DATE.

Automatic Lease Extension Transaction Listing

The Automatic Lease Extension Transaction Listing [R0923] provides the following information for the lease:

• PORTFOLIO / COMPANY/ REGION / OFFICE
  
  
• LEASE
  The lease number is displayed.

• LESSEE SHORT NAME
  
  
• COMMENCEMENT DATE
  The commencement date of the automatic lease extension record is displayed. The COMMENCEMENT DATE to the MATURITY DATE is equal to the LEASE TERM. The lease extension must commence on the lease’s payment due day.

• MATURITY DATE
  The date the lease extension is scheduled to mature is displayed. The MATURITY DATE is calculated using the COMMENCEMENT DATE and the LEASE TERM.

• EXTENSION AMOUNT
  The new starting cost, the net investment in the lease, is displayed. At lease maturity, the net investment is the residual.

  For operating leases, the new starting cost is the current book value.

• RESIDUAL AMOUNT
  The new residual (less than or equal to the original residual) is displayed.
  
  
• TERM
  The extended term for the lease is displayed.
  
  
• LESSOR ACCRUAL METHOD
  The lessor accrual method for the lease extension is displayed.

• CASH ACCRUAL BASIS
  The CASH/ACCRUAL switch for the lease extension is displayed.

© 2001 by McCue Systems Incorporated.
All rights reserved.

The information contained in this document is the property of McCue Systems, Inc. Use of the information contained herein is restricted. Conditions of use are subject to change without notice. McCue Systems, Inc. assumes no liability for any inaccuracy that may appear in this document; the contents of this document do not constitute a promise or warranty. The software described in this document is furnished under license and may be used or copied only in accordance with the terms of said license. Unauthorized use, alteration, or reproduction of this document without the written consent of McCue Systems, Inc. is prohibited.