Lease Management Features and Functions

• Identifies asset ownership status (owned, leased, or subleased)


• Tracks Lease number


• Tracks Associated property (name and code)


• Tracks Associated building (name and code)


• Tracks Agreement Type


• Tracks Primary term start date


• Tracks Primary term ending date


• Tracks Current term start date


• Tracks Current term ending date


• Tracks Nature of current lease period (primary, extension, option)


• Tracks Option periods remaining on lease


• Tracks Required notice for extension periods


• Tracks Notice required to terminate lease


• Tracks Terminable flag (yes or no)


• Tracks Unit of measure of area


• Tracks Rate (cost) per unit


• Tracks Applicable escalation clauses


• Tracks Current rental payments (monthly and annual)


• Tracks Payment method


• Tracks TVA organizational contact


• Tracks Responsible organization


• Tracks General comments


• Tracks Building photo (picture field)


• Tracks Historical values for above fields