Understanding Market, Renewal, and Potential Rent Information

Use the Market / Renewal / Potential Rent program (P159071) to set up the market, renewal, and potential rent amounts to project future rent. Future rent projections enable you to generate budget and cash flow reports. The system uses the market, renewal, and potential rent information when you run the Projected Rent Generation (R15660) or the Tenant Rent Roll (R15421).

You set up rent amounts by unit and enter the amounts as an annual amount per square foot. On the Market / Renewal / Potential Rent Revisions form, you can set up effective dates for the rent amounts for different time periods for the same unit. You can use processing options to specify whether the amounts pertain to the rentable area, usable area, or an alternate area type.

The system stores this information in the Market/Potential/Renewal Rent Master table (F159071).