Note

An asterisk (*) indicates a required field.

Min/Max Amounts are based on

Minimum

Use the drop-down to define the minimum increase interval. Is the minimum increase being defined per month or per year? Has the lease defined an annual or monthly minimum Rent increase, even if the cost of living decreases from one escalation period to another? The following options are possible:

Annual
Monthly

CPI Type

Select the minimum increase type from the drop-down list. The following options are possible:

No Minimum
Percentage of Base Amount
Percent of Current Billing Amount
Fixed Dollar Amount

CPI Amount

Enter the dollar amount of the minimum increase. Or, use the Calculator Button to figure an amount. If No Minimum is selected as the CPI Type, this field is hidden.

Maximum

Use the drop-down to define the maximum increase interval. Is the maximum increase being defined per month or per year? Has the lease defined a monthly or annual cap in the amount that Base Rent can increase from one escalation period to another? The following options are possible:

Annual
Monthly

CPI Type

Use the drop-down to select the maximum increase type. The following options are possible:

No Minimum
Percentage of Base Amount
Percent of Current Billing Amount
Fixed Dollar Amount

CPI Amount

Enter the dollar amount of the maximum increase. Or, use the Calculator Button to figure an amount. If No Maximum is selected as the CPI Type, this field is hidden.

Days After to Mail

Enter the number of days after the reporting period that the CPI statement should be mailed.

Annual Amount as of Last Calc

The annual amount calculated for this tenant as of the Date of Last Calc. 

Note

If the Update Base Values field is set to anything but Never, the CPI Calculations process will automatically change the CPI Base Period, the Base Annual Amount, and this Annual Amount of Last Calc.

Days After Due

The number of days until the CPI escalation amount is due. This field is system-maintained after the initial calculation is run.

Date of Last Calc

The date the last CPI calculations were run for this tenant. For existing tenants being set up here for the first time, enter a date here that, when combined with the Frequency, will set the correct anniversary date (see Details for more information). When processing CPI calculations, the software uses an anniversary date. This date is calculated as follows: The software checks the tenant for this Date of Last Calc. If no Date of Last Calc exists, the software uses the Starting Date (Increase Detail first screen). This date is used in conjunction with the Frequency (Increase Detail first screen) to determine the anniversary date. For example, if a tenant has a Date of Last Calc or Starting Date of 01/01/2004 and a frequency of Annual, the anniversary date will be 01/01/2005. When generating CPI escalation statements, the software compares the anniversary date to the date range entered during processing. If the anniversary date falls within the range, the tenant payment amount will be adjusted and the Date of Last Calc field updated. This allows the CPI escalation function to adjust only those tenants requiring a CPI change.

Address

Select an address option for mailing CPI statements. The following options are possible:

Primary

Use the current tenant's principal address.

Mailing

Use the mailing label address.

Billing

Use the address used for invoices, late notices, and special billings.

Statement

Use the statement address.

Guarantor

Use the address of the individual or company guaranteeing lease payment. This person may also be known as a co-signer.

Other

Use an alternate address that does not fall into any of the above categories.

 

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