Lease-Out: Periods of Notice
Use
This function allows you to set different rules for periods of notice.
You can either define general keys for periods of notice or make lease-out-specific settings.
Integration
Notice
When a valid notice of termination is served, the periods of notice set on the lease-out are automatically checked against the date of receipt of the termination notice. The (calculated) date of notice resulting from this is copied to the lease-out (see examples below).
Features
You can set the periods of notice on the lease-out in the following ways:
A notice key sets firm rules for periods of notice depending on:
Tenancy law
Contract type
Contract validity period
Notice keys are defined in Real Estate Customizing.
by entering user-defined data in the master data of a lease-out.
In the latter case, the system supports a period regulation and a deadline regulation.
Period regulation
Depending on the contract validity period, you can determine:
Exact periods of notice with frequencies of monthly, quarterly, or six monthly periods
Whereby the date of notice is calculated exactly from the date of receipt of the notice
Example: Periods of Notice: Free Period Regulation
Deadline regulation
Depending on the contract validity period, you can determine:
The exact date of notice
Whereby the date of notice is calculated exactly from the date of receipt of the notice