Create any number of Operating Expense Reimbursement Structures for this Tenant. There are four types of Reimbursement Structures, and depending on your selection the input fields will vary.

  • Expense: From the dropdown list, select an Operating Expense, Reference Account, or Expense Reimbursement Group
  • Type: Select one of the four reimbursement structure types
  • Gross: Tenant only pays a base rent amount and does not reimburse the landlord for any property-related expenses
       -  Reimbursement Modifier (optional): Enter any additional custom reimbursement amount as a $ Amt or $ PSF
      -   Reimbursement Cap: Toggle on to specify a maximum reimbursement value for this reimbursement structure. Enter the Reimbursement Cap value as a $ Amt or $ PSF.
  • Base Year Computed: Assess will calculate the base year expense amount; use this if the actual amount is unknown
       -  Base Year Gross Up: Occupancy of the base year is increased to the entered percentage for reimbursement purposes
       -  Reimbursement Modifier (optional): Enter any additional custom reimbursement amount as a $ Amt or $ PSF
       -  Reimbursement Cap: Toggle on to specify a maximum reimbursement value for this reimbursement structure. Enter the Reimbursement Cap value as a $ Amt or $ PSF.
  • Pro-Rata Method:
       -  Computed %: Assess computes the Pro-Rata % of this lease as a proportion of the specified Pro-Rata Area
       -  Custom %: Enter a custom percentage to use for pro-rata reimbursement calculation
  • Custom Base Year: Allows you to input the actual base year expense amount
       -  Base Year Amount: Occupancy is increased to the entered percentage for reimbursement purposes
       -  Reimbursement Modifier (optional): Enter any additional custom reimbursement amount as a $ Amt or $ PSF
       -  Reimbursement Cap: Toggle on to specify a maximum reimbursement value for this reimbursement structure. Enter the Reimbursement Cap value as a $ Amt or $ PSF.
  • Pro-Rata Method:  
       -  Computed %: Assess computes the Pro-Rata % of this lease as a proportion of the specified Pro-Rata Area
       -  Custom %: Enter a custom percentage to use for pro-rata reimbursement calculation
  • Net: In addition to base rent, the tenant pays their pro rata share of these operating expenses
    Reimbursement Gross Up:
      -   Reimbursement Modifier (optional): Enter any additional custom reimbursement amount as a $ Amt or $ PSF
      -   Reimbursement Cap: Toggle on to specify a maximum reimbursement value for this reimbursement structure. Enter the Reimbursement Cap value as a $ Amt or $ PSF.
  • Pro-Rata Method:
       -  Computed %: Assess computes the Pro-Rata % of this lease as a proportion of the specified Pro-Rata Area
       -  Custom %: Enter a custom percentage to use for pro-rata reimbursement calculation
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