AE 9.5 and DCF 16 Product User Manual.pdf - ARGUS Software

ARGUS Enterprise 9.5 & Valuation DCF 16Lease DetailsTypeThe Type field displays tenant group, tenant lease, or space absorption.NameThe Name field displays the group or lease name.SuiteThe Suite field displays available suite information. Note this field will always be blank for tenant groups.AreaThe Area field displays lease size information. Note this field will always be blank for tenant groups. Forspace absorption leases, this field will display area to lease / average lease area.Tenant ClassificationsThis field will display any global tenant classifications that have been marked to be shown in the rent rollscreen as columns. This field will be blank for tenant groups and space absorption leases.Market Leasing ProfilesA Market Leasing profile allows you to apply market rates and other tenant assumptions to the rolloverof tenant areas when the current leases reach their expiration. A Market Leasing profile must be appliedto each tenant.Market Leasing profiles serve two key purposes. The first is to group leasing assumptions to be appliedto a tenant area when the current lease contract for that space expires. The second use for the profile isfor speculative leasing, or Space Absorption, of vacant space. If there is a block of vacant space in theproperty, the model can use a set of Market Leasing profiles to lease that space as one or more separatespeculative lease contracts.A blank default profile is present in each new property model created which is automatically applied toeach tenant added to the file, unless another Market Leasing profile is selected. This default profile canbe renamed and edited.You can create additional Market Leasing profiles by clicking the Add Record button in the ribbon or byright-clicking in the input area and choosing Add Record from the right-click menu.NameEnter the name you want to assign to the market leasing profile.GeneralTerm (Yrs/Mos)Enter the number of years (max. number is 100), forward slash as a separator, then the number ofmonths (max. number is 11) for market leases. The default is 5 years and zero months.Renewal %Enter the probability that existing tenants will remain in place and renew their lease. All new andrenewal market assumptions will be blended using this percentage. The default is 50%. Click thebutton to enter a renewal probability that varies on a monthly basis.Months VacantEnter the number of months a space will remain vacant between leases if the current tenant moves out.© 2013 ARGUS Software Inc. All Rights Reserved. 46