Maintain Milestone Criteria

This activity allows you to maintain the lease milestone details of the customer. A lease can be of type mall or corporate. Document types move from LOI (letter of intent) ---> TS (term sheet) ---> Lease deed for malls while it is LOI ---> MOU (memorandum of understanding) ---> Lease deed for a corporate lease. This activity allows you to compare the payments received against deposit/advances with what was originally due from the customer when document type moves from one to another.

Select the “Maintain Milestone Criteria” activity under the “Leasing” business component.

The “Maintain Milestone Criteria” page appears.

- Clicking this icon available near certain fields takes you to the help page of the respective field.

Enter the following in the “Lease Details” group box:

Scheme Code	The code identifying the scheme whose lease milestone details are to be tracked.
	Press <Enter> key.

The system displays the following:

Scheme Name

The name of the scheme.

Enter the following in the “Lease Details” group box:

Lease No	The number identifying the lease whose milestone details are to be tracked.
	Press <Enter> key.

The system displays the following:

Description	The description of the lease.
Customer Code	The code identifying the customer who has taken the property on lease.
Customer Name	The name of the customer.

Enter the following in the “Lease Details” group box:

From	Use the drop-down list box to specify the document type of the lease. The combo is loaded with document types based on the document type of the lease number.
To	Use the drop-down list box to specify the document type of the lease. The combo is loaded with document types based on the document type of the lease number.

Note: Milestone criteria cannot be maintained for Lease No. in LOI – Fresh status

The From and To combos are loaded based on the document type of the lease number.

Mall Lease - If the document type of the lease number is LOI and status is Active, then From combo is loaded with LOI, Term Sheet

When From combo is LOI then To combo is Term sheet

If From combo is Term sheet, then To combo is Lease Deed

If the document type of the lease number is Term sheet, then From combo is loaded with Term Sheet and To combo is loaded with Lease Deed

Corporate Lease - If the document type of the lease number is LOI and status is Active, then From combo is loaded with LOI, MOU

When From combo is LOI then To combo is MOU

If From combo is MOU, then To combo is Lease Deed

If the document type of the lease number is MOU, then From combo is loaded with MOU and To combo is loaded with Lease Deed

The system displays the following in the “Criteria Detail” multiline:

Deposit/Advance Code	The code identifying the deposit/advance.
Description	The description of the deposit/advance.
Type	Indicates whether it is a deposit or an advance.
Category	The category of the lease.
Due Amount	The amount that is due from the customer against the deposit/advance code during the transition of lease document type from one level to another level.

Enter the following in the “Criteria Detail” multiline:

Basis	Use the drop-down list box to specify the basis on which the milestone is set. The combo is loaded with options “%” and “Amount”.
Value	The percentage of due amount or flat amount that is set as milestone for the document transition.

Click the “Save Details” button to save the milestone details.

Received Amount

The amount received from the customer against the deposit/advance code.

The system displays the following in the “Data History” group box:

Created By	The login ID of the user who created the milestone details.
Created Date	The date on which the milestone details was created.
Last Modified By	The login ID of the user who modified the milestone details.
Last Modified Date	The date on which the milestone details was modified.