Lease and Expense Recoveries

This window shows you at a glance the current expenses (both fixed and variable), the recovery amounts, and the differentials. Notice the Gross Lease Area Section. This useful feature tells you where you are in setting up the leases. It is driven by the Total Number of Units and Gross Lease Area that you in the Set Up page. The Unallocated s.f. and the Unallocated Units tells you if you've entered too many leases, or not enough. You can also specify the Year of Sale here. It will allow you to see the effects of leases and expenses over time. Be aware that changing the Year of Sale will affect the entire model and it's results. There are several areas throughout the model that allow you to control the year of sale. They are in-sync with one another and changing one will change them all.

Fixed and Variable Expenses

This area shows the Total Expenses and the breakout between the Fixed and Variable Expenses. These are calculated results and require no entry.

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Recoveries

This area shows you at a glance how much of the expenses are being recovered from the tenants. If you are evaluating a residential property, it is unlikely that many expenses will be recovered. These are calculated results and require no entry.

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Show

This feature allows you to drill-down to any year to see the expense dynamics in that specific year. This is not the Year of Sale control. It only controls the graph's results.

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Gross Lease Area / Total Number Units

These numbers are imported from the Set Up page. If you need to change these numbers - do so in the Set Up area.

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Unallocated Units and SF

This is a calculated result and no entry is required.

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Differential

The differential shown the total amount of expense NOT collected from tenants. This is a calculated amount and requires no entry.

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