Market rent update is one of the rent adjustment types. Market rent means the market rent level determined by demand and supply.
You can use the Market rent update tool to update the market rents for calculating rents in those lease agreements in which Market rent review has been set as the rent adjustment type.
All the operational agreements including market rent adjustment will be visible on the main view of the market rent updates. You may choose a specific agreement by selecting the name of the agreement.
Market rent update can be added to rental area, car parks, additional rent and land area. For each rental area, it’s update history is shown. It can be opened by choosing the name of the rental area.
You can enter new market rent values according to the update interval determined in the Period section in the agreement. A new value is entered in the New price field. The system calculates market rent’s increase per cent automatically.
For more detailed information on filling out the lease agreement form, see the section Filling out the lease agreement form. For more information on rent adjustments, see the section Market rent review.
