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Incorrect End Date For Payment Term After Rent Increase (Doc ID 1610930.1)

Last updated on MARCH 09, 2021

Applies to:

Oracle Property Manager - Version 12.1.3 and later
Information in this document applies to any platform.


On : 12.1.3 version, Leases

There is lease in Property Manager with two payment terms/billing terms, e.g. term A and B.
A has as source ' lease creation' and has an end date of 31-12-2020
B has as source ' lease amendment' and has an end date of 31-12-2015

When running a rent increase for the lease above, the payment term that gets created for the rent increase on term B gets an end date of 31-12-2020, while the amendment has an amendment of 31-12-2015.

The result is that the amount that was added due to the increase stays on the payment/billing even after the amendment end date has passed.

Expect rent increase to be generated on term B until 2015, not 2020.

The issue can be reproduced at will with the following steps:

Created a lease
Enter a billing schedule from 01-JAN-2010 until 31-DEC-2020
Approve 2 terms
Amend the lease and add a new billing schedule until 2015.
Enter a rent increase

Run Generate the Rent Increase periods
Run Rent Increase Calculations

Approve the rent increase

-->> all increases are approved until 2020.


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