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Ability to use an Existing Property/Unit from Active Lease when End Date and Start Date are not over

in Lease Accounting 2 comments

Summary:

Ability to use an Existing Property/Unit from Active Lease when End Date and Start Date are not overlapping

Content (please ensure you mask any confidential information):

Client has a requirement to create a lease using the asset from an existing lease in advance with a date not overlapping with the end date of the Old Lease.

Existing lease has a asset "ASSET1" in "Lease1" with a term 01-Jan-2024 to 31-Dec-2024. Client wants to create a new lease with start date as 01-Jan-2025 using "ASSET1" on 01-Dec-2024. Is there any way meet the above requirement.

Version (include the version you are using, if applicable):

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