Escalation/Revenue Sharing Details

This page allows you to specify the escalation/revenue sharing details of the customer. The escalation and revenue sharing is applicable only on the rent component .The escalation and the revenue sharing details of the customer are provided in this page.

Select the” Escalation/ Revenue Sharing Details” link at the bottom of the “Maintain Lease” activity.

The “Escalation/Revenue Sharing Details” page appears.

- Clicking this icon available near certain fields takes you to the help page of the respective field.

The system displays the following in the header:

Lease No	The number identifying the lease for which the escalation/revenue sharing details are to be provided.
Amendment No	The amendment number of the lease.
Renewal No	The renewal number of the lease.
Scheme Code	The code identifying the scheme of the lease.
Mall Name	The name of the mall.
Customer Code	The code identifying the customer who has taken the property on lease.
Customer Name	The name of the customer.
Area	The area taken on lease.

Modify the following in the header:

Shop No	Use the drop-down list box to specify the shop number for which the escalation/revenue sharing details are to be specified.
Component	Use the drop-down list box to specify the component for which the escalation/revenue sharing details are to be specified. The combo is loaded with the option “Rent” and all the components defined in the “Applicable Components” tab of “Maintain Lease” activity.

Note: The combo is loaded with all the deposit codes if the escalation basis is selected as “Component Independent” in the “Deposits & Advances” tab of “Maintain Lease” activity.

Proportionate

Select the check box to indicate that the escalation/revenue sharing amount has to be collected from the customer proportionately.

Enter the following in the “Escalation Details” multiline:

From Date	The date from which the escalation is valid.
Period (Months)	The number of months after the lease start date from which the escalation is effective.
Basis	Use the drop-down list box to specify the escalation basis. The combo is loaded with options “%”, “Amount” and “Increment Amount”.
Applied On	Use the drop-down list box to specify whether the escalation is applied on rent rate or rent amount. The combo is loaded with options “Rate” and “Amount”. Mandatory when the Basis is selected as “%”.
Value	The escalation value. When the Basis is % - Percentage on the rent rate or rent amount is taken Amount – Flat amount is considered as the new rent amount Increment Amount – Increment over and above the rent amount is the new rent amount
Recompute Deposit	Use the drop-down list box to specify whether to recompute the deposit or not.The combo is loaded with options “Yes’ and “No”.

Enter the following in the “Revenue Amount Details” multiline:

Revenue Amount From	The starting range of the revenue amount.
Revenue Amount To	The ending range of revenue amount.
Effective From	The commencement date of the lease.
Effective To	The expiry date of the lease.
Product Category	Use the drop-down list box to specify the product category of the customer who has taken the property on lease. The combo is loaded with options defined for the Category – Product Category in “Maintain Categories” activity.
Frequency	Use the drop-down list box to specify the frequency of billing of the customer. The combo is loaded with options, “Monthly”, “Bi-Monthly”, “Quarterly”, “Half Yearly” and “Yearly”.
Revenue Share (%)	The percentage of revenue shared by the Lessor

Enter the following in the “Revenue Slab Details” multiline:

From Date	The date from which the revenue slab is effective.
To Date	The date until which the revenue slab is effective.
Frequency	Use the drop-down list box to specify the frequency of billing of the customer. The combo is loaded with options ”, “Monthly”, “Bi-Monthly”, “Quarterly”, “Half Yearly” and “Yearly”.
Estimated Sales	The estimated sales of the customer.
Basis	Use the drop-down list box to specify the basis of revenue slab. The combo is loaded with options “Slab” and “Amount”.
Estimated Revenue	The estimated revenue of the customer.
Estimated Rate	Estimated rate of revenue. It is calculated as Estimated Revenue dived by Billable Area

Click the “Save” button to save the escalation/revenue sharing details of the customer.