Under Rent adjustment, you can select various adjustment options for the agreement.
Once rent adjustment terms have been entered, you can choose a suitable rent adjustment type under Rent adjustment. You can select a new rent adjustment term from the Add new term pull-down menu. The options are Index adjusted, Percentual, Fixed, Market rent review, or Other.
For every rent adjustment type, it is possible to select either first possible adjustment date, or then adjust rent on the beginning date of the document. NOTE! When this is selected, the rent adjustment is carried out on the beginning date, as well as according to the rent adjustment months.
If the rent adjustment type is a fixed percentage, select the adjustment frequency, adjustment months, and rent increase percentage. For more detailed instructions, see the section Fixed rent adjustment in the user guide.
If the rent adjustment type is a fixed sum, select the adjustment frequency, adjustment months, and total increase amount. For more detailed instructions, see the section Fixed rent adjustment in the user guide.
If you select the rent adjustment type to be Index adjusted, you must first select the adjustment frequency and other information as described under Index adjusted rent adjustment in the user guide.
If the rent adjustment type is Market rent review, the rent is adjusted according to the market rent. Define the rent adjustment frequency, rent adjustment month(s), the date of the first adjustment, as well as the date when a notification about the rent adjustment must be sent to the customer. For more detailed instructions, see sections Market rent review and Market rent update.
You can also choose not to send a notification about the rent adjustment to the customer before the rent adjustment takes place. This is done by unticking the ‘Notification of change must be’ check box.
Once the rent adjustment terms have been entered, they are found under Rent adjustment term selection. It is possible to select different adjustment terms for each of the agreement rows. This does not apply for Fixed adjustment, as it does not have an allocation.
