You want to renew a fixed-term contract. You assign a renewal rule to the contract and then activate the renewal rule.
You created renewal rules in Customizing, as needed:
Note
However, you can also create individual renewal rules in contract processing on the
Term
tab page.
The contract you want to renew is active.
You specified which renewal rule is assigned to the contract ( Renewal Rule ).
You are processing a fixed-term contract that you want to renew.
Fixed-term contracts have a date in the
1st Contract End
field on the
Term
tab page.
To renew a contract, choose
with the quick info
on the
Term
tab page.
On the lower part of the screen, the
Renewal
and
Memo
tab pages are displayed.
In the
Renewal Type
field, choose one of the
Standard Renewal Rules
that were set up in Customizing, or choose
Individual Renewal Rule
.
Standard Renewal Rules:
To assign a renewal rule (renewal option and/or automatic renewal), choose a rule in the
Renewal Rule
field using the entry help.
To simulate the end of the contract, choose
with the quick info text
Simulate Renewal
.
If you entered an explanatory text for the renewal rule in Customizing, you can display it here by choosing
with the quick info text
Display Description
. If this icon is white, then no description was entered.
Individual Renewal Rules:
If you want to define one or more of your own individual renewal rules, choose
Individual Renewal Rule
as the renewal type
.
A table appears in the detail area.
Enter a description for your rule. This description appears later in the RE Navigator in the object data for the term.
To create a rule, choose
with the quick info
Append Row.
Enter data as required. There are three different types of renewal you can choose from. To select one, choose the pushbutton with the quick info text
Type of Automatic Renewal.
The renewal type you choose appears as the text on the pushbutton.
Or you can choose
with the quick info text
Create with Template
to import rules already defined in Customizing and change these, if required, in the detail view of the contract using
with the quick info text
Detail View for Renewal.
Save your entries.
You assigned one or more renewal rules to the contract.
You are currently processing a contract.
In the navigation area, choose
Renew.
For an option to become effective, the contractee must make a written statement to this effect.
The contractor (landlord) can specify in the detailed data whether the contractee approved or rejected the option. The landlord then activates the option in the system by choosing one of the following:
with the quick info text
Approve and Activate
with the quick info text
Reject and Activate
Automatic Renewals
If the renewal is automatic, there is no need to enter approval or to activate the renewal. You refuse an automatic renewal rule by giving notice.
Renewal refusals that result in a contract termination are handled by choosing
Give Notice
(see
Notice
).
If you choose
Approve and Activate
, the contract is renewed.
If you choose
Reject and Activate
, the contract is not renewed.