Leases
Leases are defined based on the location type and on the occupancy of the head premises or sub-premises. These factors determine whether a lease needs to be created or not, as well as the type of the lease. The possible lease types are:
- Head lease: The principal lease for the head premises or the principal leased area.
- Internal lease: An internal lease (also referred to as a secondary lease), is created when the legal entity linked to a head premises enters into a contract with another division from the same group for the occupancy of part or all of the principal leased area.
- External lease: An external lease (also referred to as a secondary lease), is created when the legal entity linked to the head premises enters into a contract with an external company for the occupancy of part or all of the principal leased area.
The following table lists the different combinations of location type, premises occupancy, premises type (as well as the principal position of the associated contract), and the resulting lease:
| Your Location Type | Premises Occupancy | Premises (Associated Contract) | Resulting Lease |
|---|---|---|---|
|
Owned |
Occupied |
Any premises (No contract) |
No lease |
|
Owned |
Vacant |
Any premises (No contract) |
No lease |
|
Owned |
Leased internally (lessee is another internal division of the business) |
Head premises (No contract) |
No lease |
|
Sub-premises (Lessor contract) |
Internal lease | ||
|
Owned |
Leased externally (lessee is an external company) |
Head premises (No contract) |
No lease |
| Sub-premises (Lessor contract) | External lease | ||
|
Leased |
Occupied | Head premises (Lessee contract) |
Head lease |
| Sub-premises (No contract) | No lease | ||
|
Leased |
Vacant | Head premises (Lessee contract) |
Head lease |
| Sub-premises (No contract) | No lease | ||
| Leased | Leased internally | Head premises (Lessee contract) | Head lease |
| Sub-premises (Lessor contract) | Internal lease | ||
| Leased | Lease externally (subleased externally) | Head premises (Lessee contract) |
Head lease |
| Sub-premises (Lessor contract) | External lease |
Refer to the following sections to learn how to enter leases in Nakisa Real Estate:
- Leases Summary Page
- Adding a Lease
- Viewing and Editing a Lease
- Activating a Lease
- Lease Versions
- Activity History
- Scheduled Payments
- Deactivating a Lease
- Terminating a Lease
- Archiving a Lease
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|
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