Tenant Capital

The Tenant Capital screen is used to track allowances for Tenant Capital that are paid on a specific date. In contrast, Tenant Improvements/allowances are typically entered in the Clauses section under "Tenant Allowances."

Adding

Step 1

1. Highlight Tenant Capital in the Navigation Tree and click “Add” in the Pane 1 Toolbar.
2. Specify the following information:
   • Capital Name: Enter a name to describe the capital (i.e., Mid-Term Refurbishment, TI-2nd Amend, Initial Improvements, LC-1st Amend, etc.)
   • Charge Code: From the drop down box, select the appropriate code.
   • Document/Section: Add a reference to the document and section.
   • Space: If the capital applies to a specific Space record, select the appropriate Space record from the drop down box.
3. Click “Save.” If applicable, add a Note to further describe any additional details requiring the specific Tenant Capital being input.

Step 2

1. Highlight the applicable Tenant Capital record in Pane 1.
2. Click “Add” in the Pane 2 Toolbar.
3. Specify the following information:
   • Charge Date: Enter the date Landlord is required to make the capital payment. Info: Dates entered here automatically appear on the Critical Dates report.
   • Amount/Amount Type: Enter the amount and an amount type for Landlord’s payment. The Amount Type should reflect the fact that this is a one-time payment and not a recurring payment (i.e., $ Amount rather than $ Amount/Month, $/sf rather than $/sf/month, etc).
   • Applicable Area: If the capital amount applies to a specific area of the Premises, enter the applicable square footage.
4. Click “Save” in the Pane 2 Toolbar.
5. Repeat steps 2 – 4 if there is more than one payment related to the same Tenant Capital record (for instance, a leasing commission that is paid 50% upon lease execution and 50% on the commencement date).