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How to terminate a lease before the expected expiry
How to terminate a lease before the expected expiry

How to remove a lease from Cradle before it's expected expiry

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Written by Support
Updated over a week ago

When you unexpectedly end a lease and want to remove the right of use asset and lease liability, this is how you do it in Cradle.

1. Select the Modifications tab and then "+ Add New Modification"

2. Select "Early Termination"

3. Select the applicable termination date

Once complete, this will immediately remove the right of use asset and lease liability from all applicable financial reports, as shown in the journal report:

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