Data Definition: SYS Escalation Method
Form Label (Field Label): Escalation Method
# of Characters: Not applicable
Where to use it: Lease BPs
Use this element for: Specifying the method by which rents should be escalated.
This data element is a Pull-down Menu (Drop-down list) that offers a choice of fixed escalation methods such as:
- Fixed amount
Escalates the rent by fixed periodic increases
- % (Percentage)
Escalates the rent by a percentage, such as an amount based on changes in landlord expenses.
- None
No escalations in rent
- Index Rate
Escalates the rent based on the index rate selected in the index rate BP data picker.
Unifier uses the values of the elements uuu_index_rate and uuu_index_code set in the index rate BP to calculate the rent escalation.
The payment schedules are updated whenever the index rate value gets changed.