Custom Rate Maintenance allows managers to setup and track rent charges in great detail. An unlimited number of escalations can be applied to a lease. To setup a change, a date range for the change must be entered along with the type of change. Each change will be tracked and maintained for later historical viewing. This information can be easily reviewed, tracked, and printed at the manager’s convenience. With each entry made, managers can indicated whether or not the Tenant has exercised the lease rate change or if it is a memo entry.

Calculation methods include:

• Fixed: adds a specified, fixed amount to the base rent.
• Percent: calculates the new rent from a specified percentage of the base rent.
• CPI: calculates on the Consumer Price Index.
• Add-on: calculates the rate change from the tenant’s sales or gross profit.
• Versus: uses the same calculation as Add-on, but the new rent can be no less than the base rent.

The Min/Max area further customizes rent rate changes by defining minimum and maximum rate computations.

Quick Facts:

• Setup rate changes in advance with date ranges that will automatically take effect on the beginning date
• Track and maintain information about the rate changes for each lease for easy review