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Options — Lease Deal Profile

A guide to recording and tracking lease options on a Lease Deal profile.

Overview

The Options section on a Lease Deal profile allows multiple options to be recorded per deal. All options are exported as individual lines in the Reports > Lease Options report, with notes appearing on a separate line.


Option Fields

Each option contains the following fields:

  • Option Type — Select one of the following:
    • Renewal
    • Purchase
    • Expansion
    • Termination
  • Option Date — The date the option is exercisable.
  • Notice Date — The deadline by which notice must be given to exercise the option.
  • $ Amount — The dollar amount associated with the option.
  • Term — The duration of the option period.
  • Notes — Free text field for any additional details.