To evaluate or recalculate reports that are based on your percentage rent, you can open and submit percentage rent report records. After the issued record is approved, the application creates a one-time payment for the amount due to the landlord or lessor.
Before you begin
You must sign in as a Real Estate Contract Manager.
About this task
If a lease contains a clause with the Clause Type of percentage rent, the clause shows several sections for percentage rent. When the lease is activated, the application generates percentage rent report records. The reporting schedule is based on the Reporting Frequency pattern and First Reporting Period Start Date value.
Procedure
1.Select Contracts > Payables> Real Estate Transactions > My Sales Reporting.
2.Open a record.
3.Specify the details.
4.Issue the record.
You can find the issued record by selecting Contracts > Payables > Real Estate Transactions > All Scheduled Sales Reporting.
