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Escalations

 
Escalations are periodic changes in the amount of a lease charge. Escalations can be a percentage of a base charge or a fixed currency amount and are processed using the Lease Administrator Escalations Tab.
 
Escalations
1

Index Fields

1. Index Fields
Index Field. If the selected Index is "-- Fixed % --" the percentage field is unlocked and may be edited. If the selected Index is not "-- Fixed % --" the percentage field is locked and is calculated as Next Index minus Previous Index.
2

Next Index Fields

2. Next Index Fields
When you select a value in the list the currency value is automatically filled for you by looking up the date line in the selected index.
3

Previous Index Field

3. Previous Index Field
When you select a value in the list the currency value is automatically filled for you by looking up the date line in the selected index.
4

% OF Index Charge Field

4. % OF Index Charge Field
Enter a percentage of the index change to use in the escalation. The default is 100%.
5

Base Fields

5. Base Fields
The dropdown list includes "-- Fixed Amount --" plus all of the charges on the Leases Charges Tab that have an amount that is not empty. If the selected Base is "-- Fixed Amount --" the currency field is editable. If the selected Base is not "-- Fixed Amount --" this field is locked and displays the amount of the selected charge.
6

Lower Threshold Fields

6. Lower Threshold Fields
If the box is checked there is no lower threshold for the escalation. If the box is unchecked a currency field appears:
 
 
Type a currency value in the field. If the calculated escalation is lower than the number in this field the calculated value will be ignored and the value in this field will be used instead.
7

Upper Threshold Fields

7. Upper Threshold Fields
If the box is checked there is no upper threshold for the escalation. If the box is unchecked a currency field appears:
 
 
Type a currency value in the field. If the calculated escalation is higher than the number in this field the calculated value will be ignored and the value in this field will be used instead.
8

New Line Checkbox

8. New Line Checkbox
If this box is checked the escalated charge will appear as a new line in the Leases Charges Tab after the escalation is processed in the Lease Administrator. If this box is unchecked the base charge amount will be updated with the escalated value after the escalation is processed.
9

Escalate Every Field

9. Escalate Every Field
The selection here is used to calculate the Next Escalation date each time the escalation is processed. This is a system list. The options are:
 
  • Monthly
  • Quarterly
  • Semi-Annually
  • Weekly
  • Yearly
  • Once
10

Last Escalation Field

10. Last Escalation Field
Read only. The date that the most recent escalation was processed.
11

Next Escalation Field

11. Next Escalation Field
Date Field. The date that the escalation is next due to be processed.