Using Table Values

Table values are used to increase or decrease leases based on their percentage variance level. Variances are determined by calculating the percentage difference between the lease current monthly amounts and the market value of the unit. Tables values are used to create percentage levels and specify the necessary increase or decrease in monthly amounts. The change in monthly amounts must be expressed as a percentage. For example, if rent is 10% over market rent, increase by 2%. A series of these statements (table values) creates increase categories. Use the examples below to see how these categories may be created.

If 10% over market, increase by 2%

Affects leases that are 10% or more over market

If 5% over market, increase by 5%

Affects leases that are 5% - 9.99% over market

If 0% over market, increase by 10%

Affects leases that are 0 - 4.99% over market

If 0% under market, increase by 10%

Affects leases that are .01% - 4.99% under market

If 5% under market, increase by 15%

Affects leases that are 5% - 9.99% under market

If 10% under market, increase by 20%

Affects leases that are 10% or more under market