Viewing and Editing a Lease

Once a lease has been created, the following information can be added or modified:

• Lease Identification
• Rent Table and Lease Accounting (IFRS 16/ASC 842 Compliance)
• Rent Table (Standard Real Estate)
• Critical Clauses
• Percentage Rent
• Clauses
• Conditions
• Lease Incentives
• Insurance
• Separate Agreements
• Documents
• User Defined Fields

The information required in the lease is affected by the Nakisa Real Estate mode of operation, configured in the Accounting setting in the Admin menu. The two modes of operation are:

• Real estate solution with IFRS 16/ASC 842 compliance: If this mode of operation is enabled, the application will be fully integrated with Nakisa Lease Administration to ensure compliance with IFRS 16 and ASC 842 accounting standards. Users can access Nakisa Lease Administration to create and maintain accounting entities.
• Standard real estate solution: If this mode of operation is enabled, the application functions as a standard real estate solution.

Note that once the lease is activated, it becomes read-only and can only be edited if you create a new lease version.

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