Percentage Rent

Adding

1. Select Percentage Rent from the Navigation Tree and click "Add."
2. Specify the following information:
   1. Sales Category: Type in the name of the sales category subject to Percentage Rent (i.e., "Gross Sales").
   2. Breakpoint: Choose from 3 options:
      • "Natural" requires a number (%) for calculation of the overage in the Percentage Rent row. See example.
      • "Specified" requires entry of (at least one) Begin date, Overage %, a Min Amount and an Amount Type in Pane 2. See example.
      • "Tiered" requires entry of (at least one) Overage %, a Min Amount, a Maximum Amount and Amount Type in Pane 2. See example.
   3. Document: Reference the applicable document.
   4. Section: Provide the section reference from the document identified in the document field.
3. Click "Save" in the Pane 1 Toolbar.

Attaching Space

1. Highlight the Percentage Rent to which Space will be attached and click the "Spaces" hyperlink in Pane 1; the "Space Wizard" window appears. The left window displays all available Spaces.
2. Move the appropriate Space(s) to the Selected Spaces window, using the arrows and click "Update."

Adding Notes

1. Highlight the Percentage Rent in Pane 1.
2. Click "Notes" in the Pane 1 Toolbar.
3. Click "Edit."
4. Type the Note in the large text box.
5. Click "Save."
6. Click "Close."

Info: Descriptive, textual Percentage Rent information may be added either in the Percentage Rent Notes or in the Percentage Rent Clause (see Clauses).

Adding Critical Dates

1. Highlight the Percentage Rent in Pane 1.
2. Click "Dates" in the Pane 1 Toolbar.
3. Specify the following information:
   • Critical Date: Type the desired date in the Critical Date field or use the date picker.
   • Report Display: Determine whether the Critical Date should print to the Rent Roll Report (this field defaults to "Hide Rent Roll").
   • Description of Event: Describe the Critical Date.

Info: Percentage Rent Notes and Critical Dates can be included or hidden from the Rent Roll Report. To include, choose "Standard" and to hide, choose "Hide Rent Roll" in the Report Display drop down box.