Co-Tenancy - Contract Module

Click Add Item.

This displays in the Actions menu on the right side of the page.

Select the co-tenancy group from the Group field.

Create a new group or category.

Select the co-tenancy type from the Type field.

Create a new group or category.

Enter the account number in the Account field.

In some instances, you may note and alternate account to use when a co-tenancy event triggers alternate rent. This field is information-only.

Enter the following dates:

• Begin Date

• End Date

• Remodel Date

  You can also click Calendar to open the Date Picker and select the appropriate date.

Enter a name for the co-tenancy record in the Name field.

Enter the effective date of the co-tenancy in the Effective Date field.

You can also click Calendar to open the Date Picker and select the appropriate date.

Enter the rentable area in the Rentable Area field.

This field can be used to enter the rentable area of the contract or the total rentable area of the property.

Select the area unit used to measure the rentable area from the Area Unit field.

Create a new group or category.

Enter the required occupancy percentage in the Occupancy Percentage field.

If the co-tenancy clause stipulates a minimum sales number for breaking the contract, enter the sales number in the Sales field.

For example, some contracts stipulate that if sales drop below a certain number, the lessee has the right to break the contract.

Select the currency for the sales number from the Currency field.

Enter any other financial amount that needs to be captured for co-tenancy purposes in the Other Amount field.

Enter the amount of rent reduction allowed if the occupancy percentage falls below the percentage specified in step 12 in the Rent Reduction field.

Enter the percentage rent reduction allowed if the occupancy percentage falls below the percentage specified in step 12 in the Percent Reduction field.

Select the Has Right to Terminate? check box if you have the right to terminate if the occupancy percentage falls below the percentage specified in step 12.

Enter any comments in the Comments field.

Select the covenant this co-tenancy record is associated with from the Covenant field.

You can view information about a covenant by selecting a covenant from the field and then clicking the View .

Enter the section of the covenant this co-tenancy record is associated with in the Section field.

Select the amendment this co-tenancy record is associated with from the Amendment field.

You can view information about an amendment by selecting an amendment from the field and then clicking the View .

Click Save Changes.

This displays in the Actions menu on the right side of the page.

The page refreshes. The co-tenancy record is added to the Contract Co-Tenancy List.

Select the record you want to edit from the Contract Co-Tenancy List.

Make your changes.

Click Save Changes.

This displays in the Actions menu on the right side of the page.

The page refreshes. Your changes are saved.

Select the record you want to delete from the Contract Co-Tenancy List.

Click Delete Item.

This displays in the Actions menu on the right side of the page.

A dialog opens, asking you to confirm your choice.

Click Yes.

The page refreshes. The co-tenancy record is deleted.