realtor.com
Enter a worth that specifies an area meaning, such as Rentable or Useable, to use when running the Gross Lease Occupancy Refresh (R15141).
fortune.com
Base Area Type

Select the base location type for a record. The system will use the build-up of GLOA and GLA adjustments to the base location type.

GLOA Adj 1 through GLOA Adj 5 (gross leaseable occupied location change 1-5)

Enter user-defined codes from UDC table 15/AR that define modifications to the base area type for gross leaseable occupied area (GLOA).

GLA Adj 1 through GLA Adj 5 (gross leasable location modification 1-5)

Enter user-defined codes from UDC table 15/AR that specifies modifications to the base location type for gross leaseable location (GLA).

Program ID

The system shows one of the following worths:

P15142: Specifies that the system added the record to the F15142 table from the P15142 program.

CONVERSION: Specifies that the system the record to the F15142 table throughout a conversion.

Updating Gross Lease Occupancy Information

This section provides a summary of the Gross Lease Occupancy Refresh program (R15141) and talks about how to:

- Run the Gross Lease Occupancy Refresh program.

- Set processing choices for Gross Lease Occupancy Refresh (R15141).

Understanding the Gross Lease Occupancy Refresh Program (R15141)

Run the Gross Lease Occupancy Refresh program (R15141) to compute gross lease occupied area (GLOA) and gross leasable location (GLA) for all units in a structure or residential or commercial property for a specific period. You can provide the details from the R15141 report to brokers who are looking for residential or commercial properties to rent and to proprietors who can supply the details to prospective tenants.

When you run the R15141 program, the system:

- Uses the dates gone into in the processing alternatives to identify the amount of time, based upon the lease dates, for which the computations use.

- Retrieves the GLOA value from the Lease Master Detail table (F15017).

- Retrieves the GLA worth from the Area Master table (F1514).

- Retrieves GLOA and GLA change values from the Area Master table (F1514).

Processing alternatives enable you to specify how the system carries out the calculations, along with whether the computations should be carried out for all lease statuses and lease types. You can likewise run the program for specific building (service unit) category codes to identify tenancy for a group of structures (for example, the tenancy on A-rated residential or commercial properties).

You can run and store numerous versions of the R15141 program. For circumstances, you can run the program utilizing location worths from the very first of the month and after that run the program once again using area worths from completion of the month. You can likewise run the R15141 program to get GLA and GLOA outcomes for a specified area definition to ensure a more precise denominator computation for share factor denominator and renter exemption rule calculations.

When you run the R15141 program, the system updates the Gross Lease Occupied Areas table (F15141). GLOA and GLA change location types defined in Area Definitions table (F15142) will be utilized to change the values for GLOA and GLA that are populated in the F15141 table.

Note. You should run the Gross Lease Occupancy Refresh program (R15141) for expense involvement when using the Share Factor Denominator Revisions program (P150122) and the Tenant Exclusion Revisions program (P150120) due to the fact that these programs retrieve values from the Gross Lease Occupied Areas table (F15141).

Running the Gross Lease Occupancy Refresh Program

Select Tenant & Lease Information (G1511), Gross Lease Occupancy Refresh.

Setting Processing Options for Gross Lease Occupancy Refresh (R15141)

Processing options allow you to specify the default processing for programs and reports.

Options

1. Start Date For Generation and 2. End Date For Generation

Specify the start date or the ending date that the system utilizes to determine gross leasable locations (GLA) and gross lease inhabited locations (GLOA), based on the lease date.

3. Gross Lease Area Calculation Method

Specify a computation approach from UDC table 15/OM that figures out the occupied location for a system. Values are:

1: Select location values as of the very first day of the month.

2: Select area values since the last day of the month.

3: Select area values since the 15th day of the month.

4: Select an average area for the month. (Average = Total occupied area/ Days in the month.)

4. Refresh Action

Specify which actions occur when you run the Gross Lease Occupancy Refresh (R15141). Values are:

Blank: Delete and revitalize (default). The system will erase records from the Gross Lease Occupancy Areas table (F15141) based upon the worth in the Deletion Method processing choice. The system will then re-calculate tenancy.

1: Delete only. The process will end after the system deletes records from F15141.

Note. If you get in 1 in the Deletion Method processing choice, you must still go into a calculation approach and location meaning to determine the records the systems selects for deletion.

5. Deletion Method

Specify how records are picked for removal from the Gross Lease Occupied Area table (F15141). Values are:

1: Delete records based on data selection, date range, estimation method, and area meaning worths in the processing choices.

2: Delete all records in the F15141 table.

6. Area Definition

Specify the area meaning to utilize to determine the occupied area for a system.

The base location type is used to calculate unadjusted location worths for GLOA and GLA. If you get in change area types for GLOA and GLA, the system will use those area totals up to the unadjusted location values for GLOA and GLA.

7. Include Committed as Occupied

Specify whether an unit is inhabited or vacant for the time period from the dedication date to the lease begin date. Values are:

Blank: The unit is vacant.

1: The unit is occupied.

Lease Status

Specify which leases to choose for processing based on the lease status