If you select the rent adjustment type Index adjusted, you must first select the adjustment frequency (once a year, once a month, every two, three or six months).
Select the adjustment months from the list according to the chosen adjustment frequency.
Under Index, you can select the Cost-of-living index or the Real estate maintenance cost index.
The base index determines the starting point for index-related adjustments. Select the release date of the index that is used, when the index-related adjustments become effective.
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Descriptions of the headers on the index adjusted rent adjustment form
| Header in the form | Description |
|---|---|
| Term name | The software will name the term automatically, but you can change it, if required |
| Rent adjustment frequency | How often the rent is adjusted (once, twice, four times, six times of twelve times a year) |
Rent adjustment months | Months, at the start of which the adjusted rent will be charged |
Adjust rent on document beginning date | The rent in the agreement will be adjusted on the beginning date, and subsequently according to the adjustment interval. |
First adjustment | The first possible adjustment date of the agreement |
Notification of change must be | Here, you can choose when a notification about the rent increase will be sent to the tenant. Notifications about rent increases are created automatically according to this selection when creating invoices. |
Index | The name of the index used in rent adjustment (e.g. Cost-of-living index) |
Base index | The base index used in the agreement |
Index quoted (prior to adjustment) | Release months of the index values used in the adjustments (note that these months are always the months prior to the adjustment) |
Additional increase per cent | The additional increase per cent adds the selected percentage on top of the index adjusted rent adjustment (as well as on top of the minimum increase) |
In case of decrease in index | Rent is not reduced / Rent is reduced |
Increase at least | The minimum increase of the rent – used if greater than the index adjusted adjustment (%) |
Index notice | Time interval during which the index adjusted adjustment will be multiplied with the per cent selected |