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

ARGUS Enterprise 9.5 & Valuation DCF 16the drop down list: Market (Default): If you choose this option, the renewal rate will be the blending of new and renewalmarket rents. Prior: If you choose this option, the renewal rate will be the amount specified in the Prior Rent field. Itcan either be the total of all the selected rent components or a user specified contract rate. Use Lesser of: If you choose this option, the renewal rate will be the smaller amount between theprior rent and market leasing blended renewal rate. Use Greater of: If you choose this option, the renewal rate will be the larger amount between theprior rent and market leasing blended renewal rate.When Intelligent Renewals is on and a rental value is specified, the following conditions will apply: If the Use Lesser Of option is selected in the Market or Prior field, then the rental value will be used tocompare with prior rent instead of the market leasing blended rate. If the Use Greater Of option is selected in the Use Market or Prior field, the rental value will be usedto compare with prior rent instead of market leasing blended rate. If the Prior option is selected in the Use Market or Prior field, the rental value will be ignored.Prior RentChoose whether to use prior rent or a specified contract rate. The Prior Rent field will use StandardRent. Contract rates entered will always use amount/per area/year unit of measure and will not beaffected by inflation. Alternatively, you can specify which elements of tenant income will be used indetermining the tenant's last rent by using a rent components profile. For more information on this, seeRent Components. This field is disabled if Use Market or Prior is set to Market and Renew Market Rentis set to a numeric value.Rent IncreasesFixed StepsSelect the unit of measure for fixed step increases in the initial rent over the term of a market leasefrom the drop-down list. You may choose from the following options in the drop down list: None: If you select this option, the initial rent will not increase over the term of the market lease. $/SF/Year: If you select this option, the initial rent will increase by currency per area per year over theterm of the market lease, according to your entry in the Step Amounts field. $/SF/Month: If you select this option, the initial rent will increase by currency per area per monthover the term of the market lease, according to your entry in the Step Amounts field. $/Year: If you select this option, the initial rent will increase by currency per year over the term of themarket lease, according to your entry in the Step Amounts field. $/Month: If you select this option, the initial rent will increase by currency per month over the term ofthe market lease, according to your entry in the Step Amounts field. % Increase: If you select this option, the initial rent will increase by a percentage increase over theterm of the market lease, according to your entry in the Step Amounts field.© 2013 ARGUS Software Inc. All Rights Reserved. 48