Deleting an amendment

To delete an amendment, click the delete icon against the amendment.

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Important Points

  1. Deleting an amendment does not restore values to the original. It will retain all the changes. To go back to the original lease calculation, please edit and change the fields. Hence, prior to deleting, please export the list of all changes made (button marked above). This would ensure that no field is missed out.

  2. In case the escalation is in nature of fixed % or amount, the date till when such escalation takes place is governed by the “Fixed Increase End Date” field in the Lease Details tab. It automatically takes the value of the “Date Till Reasonably Certain” when a lease is created. If the lease term is reduced via an amendment, this field will also be updated with the revised date. However, when the amendment is deleted and you wish to go back to the original values, please remember to revert the value of this field as well. It will not appear in the Amendment Details table as it was not a change done manually.

  3. After all the values have been taken back to the original values, please click on Clear and the Run to go back to the original lease schedule. As the tool becomes mature and the calculation logics also evolve, there could be minor, immaterial changes in the values when compared to the original schedule run months ago.