How to include costs from another space being leased, e.g. paying double rent

There are number of different ways to include rent from another space, either over the term or maybe for the first 3 months of the new term.

Option 1: Use the Other Annual Costs (Silver Series) or Other Monthly Costs (Gold Series), fill in the costs, then on the Additional Inputs sheet, enter a credit each month to “zero out” the cost when you stop paying double rent. TIP: In the Silver Series you can change the description from Other Annual Costs to Rent – Old Space or something else appropriate.

Option 2: On the Additional Inputs sheet you can add the rent to the current rent. CAUTION: Do NOT do this in LseMod Pro or Sale Leaseback if you are using GAAP rent.

Option 3: Use the Special Expense / Credits input section. Either enter the cost each month or just enter it as a lump sum. TIP: If you enter it as a lump sum, the NPV will be “slightly wrong”; however, typically not enough to be significant in the big picture.

LseMod Pro: Use the Expansion Space listing to include the double rent. TIP: Change the description title to something like Rent – Old Space.

LseMod Buy, Condo, or Purchase: If the double rent impacts the Purchase Option, use the Lease Income input section and enter the rent as a NEGATIVE number (that way it will show as a cost).

Applies To:

	Silver Series		Gold Series		Specialty Programs
ü	LseMod Tenant Rep	ü	LseMod Pro	ü	LseMod Condo
ü	LseMod Industrial	ü	LseMod Purchase		LseMod Commission
ü	LseMod Landlord	ü	LseMod Sale Leaseback		SpacePro
ü	LseMod Buy
ü	LseMod Sublease
ü	LseMod Retail
ü	LseMod Economic Development