Move in a Commercial tenant

Rent Magic allows for all types of commercial building setups. Among others, this includes Industrial, Commercial, Office, Retail and even mixed-use buildings. Mixed-use buildings are possible because the system does not require you to categorize what kind of building it is, rather, you are able to set each unit individually. See Add a unit for more information on creating, categorizing and naming units. You will also be able to decide at any time whether you want to set your tenants on gross-leases (TMI/CAM included in Base-rent) or net-leases (CAM/TMI charged separately). The main thing to note here is to select the style that bests represents the unit and to enter the square footage (or square meters).

Step 1 - Move in the Tenant

Please see Move in a Tenant for this step as moving in a Commercial tenant is identical to moving in a residential tenant.

Step 2 - Set up the tenant's info

Because this is a Commercial Tenant, you will notice a few differences on the Main Information screen:



Starting at the top; when entering tenant detail, instead of double-clicking, right-click your mouse on any part of the white area.



This will allow you to fill in some dedicated info for the commercial entity - typically a business. You also have the commonly found "Add new Person" if you require the addition of more names.

Step 3 - Set Rent

To set Rent charges, you have two options. You can either enter an amount in the Rent Charge field or you can enter the step-up lease details based on your lease under the "Lease" Tab ...



...and then clicking on "Details" to get to this screen:



There are 3 parts to fill in:

1. 1st lease period start date
2. 1st lease period end date (ManageUDA defaults to one year for convenience)
3. Yearly per square foot/meter rate

Click OK - On the dates you put in the rate changes, ManageUDA will automatically update the rent to the new rent.
NOTE - If you enter a different rent in the "Charges" Tab, it will be ignored and the rent entered in the step-up lease builder will take precedence.

Step 4 - Set CAM/TMI amount

For instructions on setting up CAM/TMI please see CAM and TMI Setup?

Step 5 - Set taxes and custom charges

For more info on this feature see Custom Monthly Charges.

Step 6 - Finish the setup

On the "Other Information" screen fill in the start date.
If you want to enter Parking, enter it on the "Parking" screen
If you have a formatted lease stored in ManageUDA, you can print it now. See Main Tenant Information

Click Save

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