Setting up a variable rent with an annual dollar cap
Does anybody know how to set-up a variable rent with an annual dollar cap? Our organization placed an annual dollar cap in one of our leases. The annual cap is placed at 100k. We cannot charge variable rent once the 100k cap is reached. Here is our requirements:
Monthly billing and calculation
3% of gross sales
100k maximum annual cap
No proration on partial years
Thanks in advance for your input