Diminishing Discount Calculation from Base Rent
We have a scenario where the Base Rent is decreased by a discount for the first three years after which there is no discount. Here is the scenario
Base Rent is 10,000
First Year Discount of 15% so net base rent after discount is 8500
Second Year Discount of 10% so net base rent after discount is 9000
Third Year Discount of 5% so net base rent after discount is 9500
Fourth and Fifth Year, there is no discount so the base rent is 10,000
What is the efficient way to achieve this programmatically in Property Manager?