See also How to PDF document #290 Rent Increases
This function, from the AR drop down list, lets you generate rent changes based on the parameters entered. When compiled and posted, the changes are entered as Rent Change line items in the Tenant Profile. The tenants being considered for rent increases or decreases can be restricted to any subset of the tenant base and/or limited to a selected category.
The rent increase/decrease can be effective either on the selected rent increase date or on the lease anniversary date (one year after the Lease Start Date).
The Increase Date is either the effective date or the starting point for the Limit to Months entry. The increase can be a Flat Increase amount or a Percentage Increase or a combination of both. The resultant increase can be marked as Round to Dollar. To decrease the rent enter a negative number or negative percent.
There is a Restrict to field with eight restriction box selections. The increase can be Limit to Category.
When the list of candidates is compiled each candidate displays the From and To rent amounts. A calculations button displays the parameters used to determine the To amount. A candidate can be skipped if desired.
Five tabs are available to view subsets of the candidate list. A report of the candidates can be printed. Clicking the <Post> button will record the non-skipped rent changes in the Tenant Profile.
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