Payment Increase Agreement for Expense lease
Summary:
How to define the Payment Increase Agreement with uplift change multiple times ?
Content (please ensure you mask any confidential information):
For example we might agree for an uplift of 5% in 2024, and this new payment amount will obviously continue for the rest of the lease term, rather than be a one off payment. However, the payment increase agreement in Fusion would assume that in every year going forward, there will be an uplift of 5%, and it then revalues the entire lease based on this.
In future years the uplift might be more, or less, so we need to be able to enter payment increases as and when they happen, rather than make any assumptions. The lease should only be revalued from the date that the agreed upon increase happens.