Hi guys,
Title pretty much says it all. I have attached the workbook regarding my question with pretty detailed explanation. Just wondering if there's an easy way to do it.
Thanks much in advance!!
Hi guys,
Title pretty much says it all. I have attached the workbook regarding my question with pretty detailed explanation. Just wondering if there's an easy way to do it.
Thanks much in advance!!
Sorry for off-topic interjection:
Although there is no official rule regarding this behavior, we request that wherever possible both the question AND the answer be provided in substantive detail here within the thread. An attached workbook is an excellent aid for posing a question and offering a solution, but solely doing that with no in thread explanation makes it difficult for researchers to understand or consider the Q & A of this thread without downloading what may be a pointless doc to them, if they can do that at all. Doing that also hides the content from search engines so others may never benefit from this.
I'm sure you understand, and we look forward to seeing you post your formulas/macros in your posts for the searching benefit of all.
Thanks again for all your hard work here!
My apologies, didn't really think it through when I created the thread.
Reposting my thread below with detailed explanation.
Hi all,
I am looking to create a formula (or formulas, if it can't be done in a single formula) to accomplish the following requirements.
1. Capture rental revenue partially in the lease start month. E.g., if the lease commences on April 16th, instead of April 1st, the formula should only recognize one-half of the rental revenue in April.
2. Similar logic applies to any step-up mechanism in the lease. E.g., if the existing rent is due to increase 5% on April 11st, the actual rental revenue in April should equal the old rent x 1/3 + the new rent x 2/3
3. Similar logic applies to any market review ratchet in the lease. E.g., if the existing rent (say $8) is due to revert to market on June 16th ($10), the actual rental revenue in April should equal 8 x 0.5 + 10 x 0.5 = 9
4. Similar logic applies to lease expiry and renewal. Assuming when the lease expires, either the existing tenant renews the lease at the previous rent, or a new tenant assumes his lease and pays the market rent. Assuming a 75% renewal probability and a lease expiry date of Oct 15th, the actual rental revenue in October should equal existing rent x 0.5 + (existing rent x 0.75 + market rent x 0.25) x 0.5
Also attaching the workbook regarding my question with explanation.
Thanks much in advance!
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