Paid Off Lease [R0912]

 

The Paid Off Lease report [R0912] lists leases paid off or terminated during the current month. It may be used for audit purposes and/or to ensure that all appropriate documents have been returned to the lessee or investor. The report may be automatically generated for each portfolio at the end of the month through the End of Period update [U0401]. Use the End of Period MODULES AND REPORTS screen under the End of Period Customizations option of the Portfolio update [U0212] to specify whether the report is created.

The report is organized by Portfolio, Company, Region, Office. The report may be accessed through the Operational report menu [R09] and may be selected interactively for:

• All
• A portfolio
• A company
• A region
• An office

 

Paid Off Lease Selection

• ALL
  Enter X to report on all paid off or terminated leases. Leave blank to report on a specific portfolio, company, region, and/or office.
  
  
• PORT
  Enter the number of the portfolio upon which to report. Leave blank if reporting across portfolios.

• COMP
  Enter the number of the company upon which to report. Leave blank if reporting across companies.

• REGN
  Enter the number of the region upon which to report. Leave blank if reporting across regions.

• OFFICE
  Enter the number of the office upon which to report. Leave blank if reporting across offices.

 

Paid Off Lease Report

The Paid Off Lease report [R0912] reports at the lease level and provides the following information for each lease paid off or terminated during the current month. Asset payoffs and asset terminations are not included in this report.

• LEASE
  The lease number is displayed.

• LESSEE NAME
  The short form of the lessee name is displayed.

• RUN DATE
  The date the payoff or termination was processed on the system is displayed.

• RUN TIME
  The time the payoff or termination was processed on the system is displayed.

• OPR
  The initials of the operator who processed the transaction are displayed.

• EFF DATE
  The effective (as of) date of the payoff or termination is displayed.

• AMT DUE
  The dollar amount due for the payoff or termination is displayed. It is calculated as follows:

BASE PAYOFF/TERMINATION
+ PAYMENTS OUTSTANDING
+ ASSESSMENTS OUTSTANDING
+ ADDITIONAL INTEREST
+ FEES/PENALTIES
+ SALES TAX
+ ITC RECAPTURE

• AMT RECEIVED
  The dollar amount received for the payoff or termination is displayed.

• TYPE
  The type of payoff (e.g., payoff maturity, payoff early, sale of unit in inventory) is displayed.
  
  
• TOTALS/GRAND TOTALS
  Page totals for the number of leases and all dollar amounts are shown for each office.
  
  Region, company, portfolio, and grand totals are shown for the number of leases and all dollar amounts.

 

LeasePak  Reference Guide

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