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LMVLease Mass Variation

Warren Hamilton
Warren Hamilton
  • Updated

Make modifications to the system by changing the contractual terms of an existing lease and generate the respective financial adjustments.

 

Navigation

1. From the homepage, go to Tenancy module.

2. Navigate to the Lease Variation and select Lease Mass Variation.

 

 

Creating Lease Mass Variation

1. Select the Variation type (Adjustment or Rebate) and select the Lease type from the dropdown.

2. Select the charge type, effective start date, type (percentage or amount) and the respective amount to adjust. You can add multiple charge types for lease mass variation.

       Example:

       Charge type: Additional Rent

       Effective Start Date: 1 Nov 2023

       Type: Percentage

       Percentage/Amount to Adjust: 5

3. Once done, click Update.

4. Submit for approval when done.

 

 

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