Normalization Schedule Is Not Created From Start Of Lease
Last updated on APRIL 16, 2017
Applies to:Oracle Property Manager - Version 12.2.4 and later
Information in this document applies to any platform.
On : R12, Leases
Normalization schedule is not created from start of lease
Normalization schedule created only from current month instead of start of lease. Able to find there are Edits for the lease and no Amends.
Running the Normalized Rent Schedule Report (PNNRENTS) show Normalization starting from current period and not from start of lease.
Lease Number: xxxx
Lease Commencement Date: 15-MAY-14
Lease Termination Date: 30-SEP-24
Reviewing the normalized term:
Payment Term ID: 12272
Start Date: 15-MAY-14
End Date: 15-MAY-14
Normalize : Y
Norm Start Date: 01-FEB-16
Norm End Date: 30-SEP-24
Lease Status: ACT
It is unclear why the normalization started at 01-FEB-2016 instead of the Lease Commencement Date: 15-MAY-14.
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