Clauses

Clauses Information

Navigate to the Clauses tab.  This section is used to capture the clause types in the lease agreement to be tracked and reported (e.g. Alterations, Assignment/Sublease, Default, etc.), as outlined in Section 4.1.4 of this guide.

Highlight the first record on the left side of the form. The right side of the form will refresh to reflect the clause details allowing the user to edit fields as needed.

In this section of the form, populate each blank field where applicable:

1. Effective Date: The date upon which the clause is considered to take effect.
2. Document Reference: The section(s) of the lease document used to designate and quickly locate the comments that have been abstracted.
3. Exists in Lease: Indicates if the clause is specified in the lease.
4. Language: Enter comments abstracted from the lease.
5. Standard Language:  Indicates if the clause narrative in the Language field is a standard language of the lease.
6. Comments: Enter any additional information relevant to the clause as abstracted from the lease.

Once populated, click the Save command button. Repeat steps for each existing record that was created through the Lease Wizard.

Note:  At a minimum, the Clause Type field should be populated to save a valid record.

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