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Enter a value that specifies a location meaning, such as Rentable or Useable, to use when running the Gross Lease Occupancy Refresh (R15141).

Base Area Type

Select the base area type for a record. The system will use the build-up of GLOA and GLA adjustments to the base area type.

GLOA Adj 1 through GLOA Adj 5 (gross leaseable occupied location adjustment 1-5)

Enter user-defined codes from UDC table 15/AR that specify changes to the base location type for gross leaseable occupied area (GLOA).

GLA Adj 1 through GLA Adj 5 (gross leasable area modification 1-5)

Enter user-defined codes from UDC table 15/AR that defines changes to the base location type for gross leaseable location (GLA).

Program ID

The system displays among the following worths:

P15142: Specifies that the system included the record to the F15142 table from the P15142 program.

CONVERSION: Specifies that the system added the record to the F15142 table during a conversion.

Updating Gross Lease Occupancy Information

This area provides a summary of the Gross Lease Occupancy Refresh program (R15141) and goes over how to:

- Run the Gross Lease Occupancy Refresh program.

- Set processing alternatives for Gross Lease Occupancy Refresh (R15141).

Understanding the Gross Lease Occupancy Refresh Program (R15141)

Run the Gross Lease Occupancy Refresh program (R15141) to compute gross lease inhabited location (GLOA) and gross leasable location (GLA) for all units in a structure or residential or commercial property for a specified duration. You can provide the info from the R15141 report to brokers who are seeking residential or commercial properties to rent and to landlords who can provide the details to potential renters.

When you run the R15141 program, the system:

- Uses the dates entered in the processing options to figure out the duration of time, based on the lease dates, for which the estimations apply.

- Retrieves the GLOA value from the Lease Master Detail table (F15017).

- Retrieves the GLA value from the Area Master table (F1514).

- Retrieves GLOA and GLA adjustment worths from the Area Master table (F1514).

Processing options enable you to specify how the system carries out the computations, in addition to whether the calculations need to be performed for all lease statuses and lease types. You can likewise run the program for particular structure (company system) category codes to identify occupancy for a group of buildings (for instance, the occupancy on A-rated residential or commercial properties).

You can run and keep several versions of the R15141 program. For example, you can run the program utilizing area worths from the first of the month and after that run the program again utilizing area values from the end of the month. You can also run the R15141 program to acquire GLA and GLOA results for a defined location definition to guarantee a more precise denominator calculation for share factor denominator and occupant exemption guideline computations.

When you run the R15141 program, the system updates the Gross Lease Occupied Areas table (F15141). GLOA and GLA change area types defined in Area Definitions table (F15142) will be utilized to adjust the worths for GLOA and GLA that are populated in the F15141 table.

Note. You should run the Gross Lease Occupancy Refresh program (R15141) for cost involvement when utilizing the Share Factor program (P150122) and the Tenant Exclusion Revisions program (P150120) due to the fact that these programs obtain worths from the Gross Lease Occupied Areas table (F15141).

Running the Gross Lease Occupancy Refresh Program

Select Tenant & Lease Information (G1511), Gross Lease Occupancy Refresh.

Setting Processing Options for Gross Lease Occupancy Refresh (R15141)

Processing options allow you to define the default processing for programs and reports.

Options

1. Start Date For Generation and 2. End Date For Generation

Specify the beginning date or the ending date that the system uses to calculate gross leasable locations (GLA) and gross lease occupied locations (GLOA), based upon the lease date.

3. Gross Lease Area Calculation Method

Specify a computation approach from UDC table 15/OM that figures out the occupied location for an unit. Values are:

1: Select location values since the first day of the month.

2: Select location worths since the last day of the month.

3: Select location values as of the 15th day of the month.

4: Select an average area for the month. (Average = Total occupied area/ Days in the month.)

4. Refresh Action

Specify which actions take place when you run the Gross Lease Occupancy Refresh (R15141). Values are:

Blank: Delete and revitalize (default). The system will delete records from the Gross Lease Occupancy Areas table (F15141) based upon the worth in the Deletion Method processing alternative. The system will then re-calculate occupancy.

1: Delete just. The procedure will end after the system deletes records from F15141.

Note. If you enter 1 in the Deletion Method processing choice, you need to still get in a computation approach and area meaning to determine the records the systems selects for deletion.

5. Deletion Method

Specify how records are chosen for removal from the Gross Lease Occupied Area table (F15141). Values are:

1: Delete records based upon information selection, date range, estimation approach, and area meaning worths in the processing alternatives.

2: Delete all records in the F15141 table.

6. Area Definition

Specify the location definition to utilize to calculate the occupied area for an unit.

The base area type is utilized to calculate unadjusted location values for GLOA and GLA. If you enter adjustment location types for GLOA and GLA, the system will apply those location amounts to the unadjusted location values for GLOA and GLA.

7. Include Committed as Occupied

Specify whether an unit is occupied or vacant for the time duration from the dedication date to the lease start date. Values are:

Blank: The unit is vacant.

1: The system is inhabited.

Lease Status

Specify which leases to select for processing based upon the lease status