Using a Lease Indexing Profile you can use any price index to calculate adjustments for cost transactions having the RENT - BASE RENT cost category. You can load values for the index into the application using the existing data import methods. By associating your leases with Lease Indexing Profiles, the application automatically calculates the rent adjustment using the information in the profile.
You enter this information when adding the Lease Indexing Profile for the lease. See Adding a Lease Indexing Profile.
To use the lease indexing tasks, the lease cost administrator and business process owner do the following.
The cost administrator, using the Cost Wizard, is assumed to have already added the initial base rent cost for the lease.
| Role/Task | Description | Learn more... |
|---|---|---|
| Lease cost administrator | ||
| Adds a Lease Indexing Profile for an existing lease | This profile plus the uploaded indexing values provide the information the application needs to automatically calculate the cost adjustment using the index. | Adding a Lease Indexing Profile. |
| Reviews details for indexing transactions | Reviews all recurring costs transactions for a lease that have been adjusted by indexing. | Reviewing and Exporting Lease Indexing Transaction Details. |
| ARCHIBUS Application Administrator | ||
| Defines Indexes | Either the cost administrator or the business process owner defines the indexes referenced in your lease agreements. | Defining Indexes |
| Sets application parameters for the BASE RENT cost category. | Enters any alternate names for the BASE RENT cost category as application parameters. This ensures that the application will include these costs when calculating indexing adjustments. | Entering Alternate Names for the RENT - BASE RENT Cost Category |