A clear understanding of how the system calculates fields for Actual and Estimate Recovery is useful. This topic provides information on field calculations and rounding.
Tenant Recovery Days = Actual # of days the tenant was eligible for recovery during Recovery Processing Period (start Rebilling/End Rebilling) / Days in Recovery Processing Period*
% Share = [(Tenant Sq Ft / Total Property Area (linked to Denominator)) * Tenant Recovery Days]**
Tenant Expenses = Sum of the expenses from the expense table for the Recovery Period linked to the tenant (from Tenant Recovery setup (Tab 3))
Sum of expense account amounts includes: expense account amount for the recovery period * Pass Thru % then compared to the Cap amount.
Share of Operating Expense = (Tenant Expenses * % Share) * Pass Thru % (from Tenant Recovery Setup (tab 1))***
Add’l% = Share of Oper Exp * Additional % (from Tenant Recovery Setup (tab 2))***
Base Amount =
Min = (from Tenant Recovery Setup (tab 2))***
Cap = (from Tenant Recovery Setup (tab 2))***
Net Share Operating Expense = [(Share of Operating Expense * Add’l%) - Base Amount] compared to Min and Cap***
Less Previous Billing/Payment = All billings/payments made to the Recovery Adjustment Income code (from Tenant Recovery Setup (tab 1)) during the Recovery Processing Period (billing or payment based off selection on the Actual Recovery criteria screen)
Final Recovery Adjustment = Net Share Operating Expense – Less Previous Billing/Payment
Overhead Fee = Flat fee, Percentage of Net Share Operating Expense, or both (from Tenant Recovery Setup (tab 1))***
Management Fee = Percentage of Net Share Operating Expense (from Tenant Recovery Setup (tab 1))***
Total Tenant Billing = Final Recovery Adjustment + Overhead Fee + Management Fee
See Also
To Calculate Estimate Recoveries and Print Statements
To Calculate Actual Recoveries and Print Statements
Effects of Policies for Recoveries
Required Setup for Rebilling Recoveries
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