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2020-06-13
Index Number Lease Feature
The Index Number Lease feature streamlines the leasing process for both landlords and tenants. This tool simplifies tracking and managing lease agreements, providing clarity and ease of use.
Key Features
Seamless lease tracking
User-friendly interface
Automated reminders for expiration dates
Comprehensive report generation
Customizable lease terms
Potential Use Cases and Benefits
Landlords can manage multiple properties effortlessly
Tenants can access lease details anytime, anywhere
Real estate agents can provide better service to clients
Property managers can increase efficiency in tracking lease renewals
Investors can analyze lease agreements for informed decisions
This feature addresses common challenges like missing lease information and renewal confusion. By providing clear organization and reminders, the Index Number Lease feature helps you stay on top of your leasing obligations. Enjoy peace of mind knowing that you can easily manage leases and prevent costly oversights.
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What is a CPI increase on leases?
Another way landlords provide for a yearly rent increase is by tying it to the Consumer Price Index (CPI) for your region. With this approach, the percentage of CPI growth is applied to the base rent if the CPI goes up 5%, your rent goes up 5% or some portion thereof.
How do you calculate rent increase using CPI?
Calculate the CPI is calculated by dividing the current CPI by the base CPI to find the percentage of CPI increase. The percentage of increase is then multiplied by the rent amount. The resulting figure is the amount the rent increase.
How do you calculate rent increase with CPI?
Calculate the difference in CPI figures: for example, 202.1 192.9 = 9.2.
Calculate the percentage: (9.2/192.9) X 100 = 4.76%
Apply this figure to your current rent: (4.76/100) X $400 = $19.04.
Add 20 per cent of the increase: $3.80.
Add $19.04 + $3.80 = $22.84.
How do you calculate percentage of rent increase?
To calculate the percentage increase we take the dollar difference between the original rent and the rent after the increase and compare that to the original rent. Dividing the dollar amount by the original rent provides the percentage increase.
How do you calculate annual rent increase?
To calculate the dollar amount of the 1.6% annual rent increase, multiply the tenant's base rent by. 016. For example, if the tenant's base rent is $1,500.00, the annual increase would be calculated as follows: $1,500 ×. 016 = $24.00.
What is the rental increase for 2019?
The 2019 rent increase guideline is 1.8% and applies to most private residential rental accommodation covered by the Residential Tenancies Act. The guideline is the most a landlord can increase the rent without applying to the LTD.
What is the CPI rate for 2019?
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in August on a seasonally adjusted basis after rising 0.3 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.7 percent before seasonal adjustment.
What is the current CPI rate?
The Consumer Prices Index including owner occupiers' housing costs (CPI) 12-month inflation rate was 1.5% in October 2019, down from 1.7% in September 2019.
What is the UK CPI rate for 2019?
The Consumer Prices Index including owner occupiers' housing costs (CPI) 12-month rate was 1.9% in May 2019, down from 2.0% in April 2019. The Consumer Prices Index (CPI) 12-month rate was 2.0% in May 2019, down from 2.1% in April 2019.
How does CPI relate to wage increases?
CPI can relate to wage increases indirectly because as the costs of goods go up, the wages required for new hires will also go up, regardless of whether an organization has already raised wages for existing employees.
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