Processing Recoveries Overview

This system provides two methods for rebilling recoveries: Estimate Recoveries and Actual Recoveries. Use Estimate Recoveries to update a tenant's recurring charges based on estimated operating expenses for the Recovery Year. Typically, this process is run prior to receiving your actual operating expenses for the year.

Use Actual Recoveries to calculate and collect the difference between a tenant's proportionate share of operating expenses and what they were actually billed or paid. Like Estimate Recoveries you have the option to also update a tenant's recurring charges based on the options you select. Typically, this process is run once you have received your actual operating expenses for the year.

Note

For a property that has not gone live yet, for any suites added or modified the system sets the Square Footage History Change Date set to 01/01/1990 to ensure the suite’s square footages are calculated correctly for the Recovery process. The system uses the Login Date as the Square Footage Change Date for the suites for properties that have already gone live.