Recovery Groups

A Recovery Group allows for the combination of multiple named Recoveries to expedite the expense recovery creation process. 

Example: A common example would be a Modified Gross Rental market; expenses over a base year stop where the stop is separate for Real Estate Taxes and Operating Expenses. Simply create two Named Recoveries, one for Taxes and one for Operating Expenses, each with a unique stop, which could then be combined within a Recovery Group and subsequently referenced as a single item.

Pane 1

Name - Unique title

Abbreviation - Abbreviated name/unique identifier

Portfolio - The buildings that can use it

• All Portfolios - Available to all buildings in the budget
• Client Admin Portfolios - Filters the availability of the named item to only the buildings included in the assigned Portfolio.

Pane 2

Percent (%) - Percentage value of the assigned Named Recovery

Named Recovery - Read more: Recoveries

Edit

Alert: Careful attention is required when editing named items as the changes will affect all using the named item(s). Edits to named items (Financial Components and Market Items with the exception of Template Leases) flow through to other Financial Components and Market Items and update all tenants that are assigned these named items on the Rent Roll tab.

Delete

Note: In use named items (Market Items and Financial Components) cannot be deleted. In order to delete a named item, it must not be assigned to any other named items, budgeting tabs, and/or tenants on the Rent Roll tab.