You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

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.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!