For commercial properties, you can create tables of index values to be used in CPI calculations when increasing tenant rents. Using CPI tables give the flexibility to calculate rent increases based on different values and stated amounts.
Note
The system requires at least one CPI table value be defined for the tenant's base CPI period and another for their current CPI period before any CPI calculation can be run.
Multiple tables are supported. So, you can create separate tables for categories such as nation, state, city, or other categories specified in the tenant's lease agreement.
Each value in a CPI Table consists of a start date, an amount, and a description. At a minimum, the CPI Table value for the tenant’s Base CPI period and one for the Current CPI period must be present for any CPI escalation to work properly.
See Also
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