Incorrect End Date For Payment Term After Rent Increase
Last updated on MARCH 08, 2017
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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