1. Real Estate Management Implementation Guide
  2. Understanding Adjustments to the Tenant Area

Understanding Adjustments to the Tenant Area

You can adjust the tenant's area (numerator) that is used in the calculation for the tenant's share factor by:

  • Changing the value in the Tenant Sq. Ft. field on the E.P. Information Revisions form.

    The system populates a value in this field which represents the rentable area from the lease.

  • Specifying a percentage of the class exposure to use, instead of calculating a share factor, by dividing the tenant's area by the building (or property) area.

    For example, if you enter 0.20 in the Percent Override field (PCTP), the system multiplies the class exposure by 20 percent to derive the gross share amount.