How to add Net or Gross Free Rent

Free Rent is set in the Rent Assumptions input section. Net Free Rent means it applies to the Base Rent only. Gross Free Rent means it applies to the Base Rent and the pass-through costs for Operating Expenses and Taxes.

In LseMod Tenant Rep, Industrial, and Landlord, when you click on the button CLICK to change or set free rent, the first question is to choose between Net or Gross free rent.

Another option, the one that must be done in LseMod Pro, is to change the timing of when pass-through costs start. The dates are changed on the Inputs sheet in the section called Operating Expenses and Taxes. A limitation of this option is that it works only if the free rent is in the beginning of the lease term. If the Gross Free Rent is later in the term, use the Additional Inputs sheet to credit out the pass-through costs in the particular months when there is Gross Free Rent.

A third option is to use the Additional Inputs sheet to credit out the pass-through costs in the particular months when there is Gross Free Rent.

CAUTION: If you use the Additional Inputs sheet to credit out pass-through costs, you will need to change the credit if you change the Operating Expenses or Taxes on the Inputs sheet.

Related Topics:

How to Include Free Rent outside the Lease Term

Applies To:

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