Renewal Rent as Percentage of Market
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Renewal Rent as Percentage of Market
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Sometimes, because a renewing tenant is easier and cheaper to deal with than a brand new tenant is, a landlord may will be willing to accept a slightly less-than-market rental rate in order to keep the same tenant paying rent at their property.
Renewal Rent in CashFlow:
Click Market Leasing in the left navigation bar. | |
Click an existing entry in the table. | |
In the Market vs Renewal section, update the value in the Renewal Rent as % of Market field as desired. |
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