Note

An asterisk (*) indicates a required field.

CPI Group Code *

Select the CPI Group Code to associate with the tenant. Assigning a group code enables you to bill tenants together based on specific criteria. CPI Group Codes are established on the CPI Group Codes Tab.

CPI Table Code *

Select the CPI table to associate with the tenant. CPI tables provide the values used in the CPI calculation and are established on the CPI Tables Tab.

CPI Description *

Enter a description of the CPI increase; for example CPI-U Annual Increase Base Rent.

Seq #

System-generated number. The system generates a number in sequential order and auto-inserts it into this field when text is entered in the CPI description field.

CPI Base Period *

Enter the tenant's CPI base period. This period identifies which CPI table index values to assign as the base when CPI calculations are run; for example enter 01/2000 to pull the index value from the corresponding CPI Table labeled January 2000.

Note

Selecting an option other than Never from the Update Base Values drop-down list, causes the system to auto-update this field along with the Base Annual Amount field when CPI calculations are run.

% Passed Through

Enter the percentage of the CPI increase to pass through to the tenant.

Starting Date *

Enter the date the CPI increase should begin using the format mm/dd/yyyy. Or, use the Calendar Button to select a date.

Frequency *

Select the frequency in which to bill the proposed CPI increase from the drop-down list. The following options are possible:

Annual

The increase is billed once a year.

Semi-Annual

The increase is billed twice a year.

Quarterly

The increase is billed four times a year.

Monthly

The increase is billed once each month.

2-years

The increase is billed once every two years.

3-years

The increase is billed once every three years.

4-years

The increase is billed once every four years.

5-years

The increase is billed once every five years.

Base Income Code *

Select the income code on which escalations are based; this is typically the income code defined for Base Rent or Minimum Rent. Income codes are established on the Income Codes Tab.

Code to Increase *

Select the income code to bill amounts resulting from the CPI increase. Recurring charges for this income code are also adjusted; for example you may want to keep the Base Rent the same throughout the lease and charge CPI escalation increases to another code such as CPI, or CPI Rent, or other.

Retroactive CPI Code *

Select the income code to bill any retroactive CPI amount. This may or may not be the same as the income code you chose to increase, since the consumer price index (CPI) is generally published 30-90 days after the reporting month, a portion of the adjusted CPI amount may end up applying to a prior period. If your prior period is already closed, then the adjusted portion posts to your current month.  

Base Annual Amount

Enter the tenant's base annual amount using the format 0000.00. Or, use the Calculator Button to figure an amount.

Note

Selecting an option other than Never from the Update Base Values drop-down list, causes the system to auto-update this field along with the CPI Base Period field when CPI calculations are run.

Base Previous Billings On

Previous billings are used to compute retroactive amounts. Select the method for computing this amount from the drop-down list. The following options are possible:

Current Billed

The total amount of recurring charge billed to the tenant's base income code that fall within the CPI calculation date range.

Previous Charges

The total amount listed in the transaction table billed to the tenant's base income code that fall within the CPI calculation date range.

Update Base Values

Select the frequency to use for updating base values. Updating base values changes the CPI base Period to the CPI Period. The following options are possible:

Never

Never increase base values; rather keep the base values the same throughout the lease term.

Annual

Base values are updated once a year.

Semi-Annual

Base values are updated twice a year.

Quarterly

Base values are updated four times a year.

Monthly

Base values are updated once each month.

2-years

Base values are updated once every two years.

3-years

Base values are updated once every three years.

4-years

Base values are updated once every four years.

5-years

Base values are updated once every five years.

 

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