Handling Asset Leases and Payment Schedule

My client owns land and is into leasing business of this land to customers on 50 year terms. Payment schedule is created for 50 years as part of the lease agreement and customers pay my client based on this schedule.There can also be increase / decrease in rate every year depending on terms and conditions of the lease. Customer wants to automate this process of creating customer invoices every quarter based on payment schedule.

Please advise if this scenario can be handled using Fixed Assets / Property Manager modules. And is yes, how.

Thanks.