Both Global and Property Policies affect the way the
system handles recoveries for commercial properties (i.e., property type
set to 6-Standard Commercial). Therefore, informed
choices need to be made when setting policies on both the global and property
level.
Setup—Policies—Global Policies—Batch, Bulk,
TransferTab
Default for Tenant Transfers
The option Recoveries
must be selected for the system to transfer recoveries from the old unit
to the new unit.
The option Sales must
be selected for the system to transfer sales amounts from the old unit
to the new unit.
The option Insurance
must be selected for the system to transfer insurance information from
the old unit to the new unit.
The option Holdovers
must be selected for the system to transfer holdovers from the old unit
to the new unit.
Setup—Policies—Global Policies—Inter Property,
Additional Tab
The option Use Recoveries
must be selected for the system to display recovery options.
Setup—Policies—Global Policies—Names Tab
The options User Sq. Ft. Name
must be established
The option Recovery Overhead
Fee must be defined. Overhead recovery fees refer to any additional
charges billed to the tenant during the recoveries process.
The options Tenant Name 1 must
be established.
The options Tenant Name 2
must be established.
The options Sales Tax Codes
1/ 2/ 3/ 4 must be established.
Setup—Policies—Property Policies—Property Names
category
The option Recovery Overhead
Fee must be defined. Overhead recovery fees refer to any additional
charges billed to the tenant during the recoveries process.
Global Policies
NOTE
that an administrator can change policy settings. Caution should be exercised
when altering defaults or established settings, as changes can have far-reaching
effects on the way the system handles recoveries.