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Property Management

Reviewing lease termination and settlement dates

A lease termination records the end of a tenancy arrangement, including notice, termination, and expected move-out dates. Settlement depends on the agreement and configured calculation rules.

Navigation: Property Management > Lease Management > Lease Termination.

Before you begin

Confirm the lease, notice, requested end date, existing lease end date, reason, rental balance, deposit, and company-approved settlement rules.

Procedure

  1. Open the termination and verify its lease reference, status, and type.
  2. Compare Notice Date, Termination Date, Lease End Date, and Expected Move Out. These dates can differ and serve different purposes.
  3. Review the property and unit against the source lease and related move-out request.
  4. Review grace duration, grace policy, rate basis, annual value, and daily rate where used. Reconcile the calculation with the applicable agreement.
  5. Follow the resulting move-out request and financial records. Verify that the settlement, occupancy change, and return of access are completed through their respective processes.

Result

The tenancy exit has a clear commercial date basis and a link to the operational move-out process.

Important

A Processed termination does not prove that the tenant has physically moved out or that the deposit has been refunded. The illustrated account supports a configured day-count basis; do not assume one basis is valid for every lease.

Screen walkthrough

NetSuite Real Estate review lease termination calculation settings
Review lease termination calculation settings. Check the termination classification, grace period, day-count method, annual rent, and daily rent used for the settlement. These settings must follow the approved lease and local configuration.