on 05-06-2010 4:34 AM
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
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
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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
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
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
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