Right to terminate? | Answer Yes if the contract can be terminated before the end of the registered lease term (as part of the lease contract). |
Notification date for termination | Enter the date you wish to appear on the overview as a reminder. |
Is the lease contract terminated? | Answer Yes if the contract is terminated before the end of the lease period, either as a modification or as part of the contract (Reassessment). |
Date of termination | The date the payment of the lease stops after the lease contract has been terminated. |
Termination penalty fee | Penalties for terminating the lease that will be included in the calculation at the date of termination or an earlier date, if that’s agreed. |
Date of termination penalty fee | The date of expected payment of the penalty fee. |
Purchase option | Answer Yes if the lease contract includes an option to purchase the underlying ROU asset. |
Notification date for purchase option | Enter the date you wish to appear on the overview as a reminder. |
Reasonably certain to purchase? | Answer Yes if it’s reasonably certain that the purchase option will be exercised. The price will then be included in the measurement of the lease liability in the calculations. We recommend entering the same value as a residual value of the right of use asset. |
Purchase option price | The nominal amount of the purchase price, which is added to the end of the cash flow in the calculation. |
Is the change a lease modification? | A lease modification is a change in scope of a lease, or the consideration for a lease that was not part of its original terms and conditions.For contracts that are terminated as part of the original terms, answer no to this question. Please note that the accounting is different for the two options and we refer to the user manual. |