Exercise #4; Expire Existing Space & Lease

Info: Downloadable exercise files are located at the bottom of the page.

Video: Expire Existing Space & Lease

Instructions

When a Lease has expired and a tenant is leaving the building, follow these steps to expire the lease.

Data Values

• Tenant: Chess Klub
• Currently reflected as leasing Suite LL01 (13,500 sf) whose Term expired 2/28/13.
• Lease has expired and the Tenant has vacated the Premises

Step 1

In Lease Spaces, highlight Premises, click Edit, change the following and Save:

• Status to Expired
• Inactive date as 07/31/2012

Double check the Recurring Charges to be sure the End date is also the Inactive Date.

Step 2

Assure that the Recurring Charges have an End Date equal to the Inactive Date; in this case 2/28/2013.

• In this case it is equal (2/28/2013);
• We’re good here, no change necessary.

Exercise Files