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Sales Based Contract Conditions

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Dear All,

I have a requirement to setup a Sales Based Contract for a shopping mall. Here is the requirement:

1. Base Rent + Sales Based Rent (Straight forward case. This is possible to setup)

2. 'Base Rent' OR 'Percentage Sales' - whichever is higher (how to set the condition in the contract? for the whichever is higher part?)

3. 'Fixed Rent + Percentage Sales' OR 'Percentage Sales', whichever is higher.

4. 'Fixed Rent' and 'Additional Rent' which is 'Minimim Rent' OR (ii) Percentage Sales; whichever is higher.

Kindly assist.

Thanks.

AKMAL

Accepted Solutions (0)

Answers (1)

Answers (1)

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In addition to the above question: Is there any ENHANCEMENT available?

How to use the RE_SR enhancement (RE Sales-Based Rent) to cater for the requirement above?

Thanks

AKMAL

Former Member
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Hi Akmal,

2. 'Base Rent' OR 'Percentage Sales' - whichever is higher

Use condition type "Sales Based Rent" only.

In this condition type use graduated sales (Sales Based Agreement Tab>Sales Rule>Calculation), where you will be able to give the minimum rent.

3. 'Fixed Rent + Percentage Sales' OR 'Percentage Sales', whichever is higher.

only first condition will be selected/applicable. (Use 2 condition types "Base rent" and "Sales Based Rent" w/o Minimum rent option).

4. 'Fixed Rent' and 'Additional Rent' which is 'Minimim Rent' OR (ii) Percentage Sales; whichever is higher

Use 2 conditions "Base rent" and "Sales Based Rent". Maintain Sales Based Rent condition as for the solution for 2nd question.

Hope helps.

Regards

Shekhar

Former Member
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Akmal

Try to configure a condition type with attribute 1001 Minumum Sales-Based Rent.

This condition can be used for fixed min-rent payments assigning it for a given sales rule.

So while 1004 Sales-Based Rent attribute can be used for sales-based settlements, 1001 Minumum Sales-Based Rent is meant for minimum rents. Make sense ?

Regards

Sekhar

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Hi Chandarshekhar,

I'm trying to explore on how to setup the Sales based rent agreement regarding with the condition below:

7% of the monthly Gross Sales
OR
Minimum Guaranteed Rent + 5% of the Monthly Gross Sales
whichever is higher


What will be the setup of reporting rule and sales rule? Requesting for your assistance please. Thank you.


Regards,

George