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Rent Rate Changes: Any custom rate changes dictated in the lease can be entered in Lease Maintenance. Custom rate maintenance allows the creation of an unlimited number of rate changes on a charge line, sets date ranges for them, designated the type of change, and tracks them indefinitely. Rate will automatically take effect on the specified start date.

Calculation types for rate changes include

  • Fixed - which adds a fixed amount to the base rent.
  • Percent - which adds a percentage of the base rent.
  • CPI - which calculates the change amount based on the consumer price index.
  • Add-on - which calculated the change from tenant gross sales.
  • Versus which is the same calculation as Add-on, but the calculated amount must be no less than the base rent.

When calculating on a CPI, Add-on, or Versus basis, the min/max controls can be used to set minimum and maximum rent rate computations.

Other Applications

The following applications are designed to work hand-in-hand with Escalations:

"Escalations" is part of the PM2000 line of products, developed by ACS Group.