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Usage of Term Templates In Property Manager

Term template play a very important role in Property Manager as they help users avoid having to enter identical information for multiple payment and billing terms. Payment and billing term templates contain default term details that users can associate with multiple leases, variable rent agreements, and rent increase agreements.

As can be seen above, many information like lease purpose, currency, supplier / customer information, transaction type , payment term details, etc. can defined at a term template level.  For both payment and billing term templates, the GL Accounts related to the lease can be entered at account distribution tab of the term template.  GL Accounts entered in the details  tab of lease takes precedence over GL Accounts entered in the accounts distribution tabbed region.

Once this term template is associated to a payment / billing term, then all the term details specified in the templates are automatically assigned to the payment/ billing term. These defaulted values can be modified at the payment or billing term level from the Payments and Billings tab before finalizing the payment term.

While creating a lease, a term template can be associated at Term Template field in the Details tabbed region of the Lease window or it can be associated at payment term level in Payment / Billing tab. A single lease can have multiple term templates associated to it at each payment term level.

For more information on the term template usage, data flow of  term template details etc refer  2214060.1

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Comments ( 1 )
  • Prabhu Thursday, June 15, 2017
    Nice Document and useful
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