1
Find leases with upcoming options
From the lease home, click Upcoming Options. The report shows all active leases with a final notice date within the next 90 days.To expand the date range, change the Final Notice Date To field and click Search. To find a specific lease, type in the lease name or number column and press Enter.
2
Open the lease
Click the lease name hyperlink to open Lease Details in a new tab.
3
Navigate to Options and Terms
Click Contract Details → Options and Terms.
4
Select the option to exercise
Click on the available option in the list.
5
Click Exercise
Click the Exercise button. A confirmation pop-up appears.
The Exercise button is disabled if the option already has an Exercised Date populated.
6
Confirm the exercised date
Today’s date pre-populates as the exercised date. Correct it if needed, then click OK.
7
Send notifications (optional)
Check the notification box to send alerts to internal contacts. Select the recipients, add a message, include any additional email addresses, then click OK.
8
Verify the updates
- The option status changes to Exercised and the Exercised Date populates.
- On Basic Info, the Rent End Date updates to the end of the exercised option.
- Review the Recurring Costs tab to update payment amounts and end dates for the renewal term.