Property Manager - EBS (MOSC)

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Rent Increase is created only for 11 months

edited Jan 20, 2019 4:03AM in Property Manager - EBS (MOSC) 2 commentsAnswered

Hi Team,

Question:

we have created a lease for a period of 3 years from (01-JAN-2018 - 31-DEC-2022) and created rent increase for the same.

Rent Increase Details:

The commencement date: 01-FEB-2019

Default Relation: Fixed rate only

Fixed rate: 5%

Reference Period: Previous year - Use previous current index

Basic Type: Compound

he rent has increased on FEB-2019 as per the commencement date but it is not till Dec 2019, it is calculating only for 11 months. Please advice accordingly do we need to change any value in rent increase tab ?

We have also attached the document for the the same...

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