Add Payment Details

Use Case: How to add changes in payment at a point in time.

Background: By default, NetLease assumes a monthly payment and carries forward the initial payment amount to each period throughout the entire lease term. If any variability exists in the timing or amounts of lease payments (including rent holidays, escalating rents, or non-monthly payments), that variability needs to be documented and reflected under the Payments tab at the bottom of the lease record.

STEP BY STEP PROCESS:

1. Go to the Payments tab on the navigation bar at the bottom of the lease record.

2. Populate the Effective Date, Payment Amount, and Payment Frequency fields.

Payment Frequency Descriptions:

• One-Time > The payment will be captured for that period, but not in subsequent months, which will default to zero unless another payment is entered
• Monthly > The amount will carry forward each month with the amount input
• Bi-Monthly > The amount will be applied every two months starting from the effective date, with zero for the months between payments
• Quarterly > The amount will be applied every three months starting from the effective date, with zero for the months between payments
• Semi-Annually > The amount will be applied every six months starting from the effective date, with zero for the months between payments
• Annually > The amount will be applied every 12 months starting from the effective date, with zero for the months between payments

3. Click Add Payment and fill in the fields that pop up. Each future period entry will override all previous payment inputs beginning on the effective date of the future period entry.

4. Click Create Lease.

Note: Any restoration costs or other expected outflows of cash at the end (or likely to be near the exercise termination date) of a lease can be input as a higher amount on this schedule.