Rent review commercial - more options
Commercial Rent Review Types - Are we able to be able add further options from the PM level ie CPI - Capped at 3% etc
Caterina Molluso
shared this idea
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Michael Maher
commented
Commercial - Rent Increase - can we have added into the existing drop down menu the following: Fixed % and CPI/Fixed %. The latter being the case in most commercial leases.
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Jane Linsley
commented
With the recent update, there is now the field to add in the type of rent review for Commercial tenants, however it only gives you one option to choose from - CPI, Market, Fixed etc. Often on a Commercial lease the review may be for CPI initially then a market review at some point during the term so we need to be able to reflect this - a notes section would do this which would also allow you to enter the fixed % if this is applicable - at presnet you can select fixed but not enter what the fixed amount is - so really this field serves no purpose. You also have more than one option with CPI - the regional CPI or the National CPI - so each selection should have a notes field that pops up for you to enter further information - otherwise you are still going back and forth to the notes to get this.
The rent review method and the note would then need to be an option to show on the Rent Review report, not just the Tenancy Schedule.