Lease Calculator Overview

00:04: Welcome to your daily list. Calculator, overview video.

00:08: If you are either an office admin or a managing broker, then this video is for

00:12: you. Anytime you're working on a landlord or a tenant

00:16: rep deal or even a dual rep deal, you will come across the least

00:20: calculator, tool and delius. Within the transaction information

00:24: section, if you click the blue calculate button, you'll find this page here.

00:29: It has your deal information and then your lease variables, which is where we start to

00:33: build our rent schedule. So, start by choosing, whether your calculation

00:37: is based on a per year or a per month basis From

00:42: here. You can choose to enter either a rate per square foot or just a general

00:46: monthly or annual rate. If I know that my rate is 1550

00:51: per square foot per year, and I input that it will auto calculate the annual rate

00:55: for me. However, again, if I were in a monthly scenario, I could also

00:59: do the same thing on a monthly basis.

01:03: You'll also find an annual percentage increase.

01:06: So if you do have any annual rent increases, you can go

01:10: ahead and plug in that percentage. Now, if it does differ from just a 3%

01:14: or a flat number, we'll talk about that here shortly.

01:18: Free rent is the next item to cover. So if there's any rent a basement, whether it's a

01:22: number of months that is deducted or free or even a dollar amount.

01:26: Specifically, you can go in and put the number of months or the specific dollar

01:30: value. In this case, if we have two months of free rent, you can simply

01:34: input to And then lastly, whether you're representing the

01:38: landlord the tenant or again if it's a dual rep in your collecting both, you

01:43: can easily go in and set your fee. Now this can be a percentage

01:47: or it can be a dollar per square foot value.

01:51: In our case, we have a percentage where we also have some additional toggles.

01:56: So first of all, we can choose to amateurs that free rent.

01:59: If we need to We can exclude, the

02:03: Increased from the commission, if applicable with the stock will here.

02:07: If we have a lease expansion, we'll want to enable it here and if we want to include

02:11: any expenses in our calculation will enable it here.

02:14: Once you've set these variables, you'll generate your schedule,

02:18: which will generate the rent table. You see below Now, you

02:22: can go in here and make any modification, whether it's to the number of months.

02:26: Maybe I want to go ahead and just put in my first two months of rent free.

02:29: I want to go ahead and add in another 12 months at the end and

02:34: just separate this 10 months here. All of those different changes

02:38: can be made, you can make changes to the rate per square foot.

02:42: So if that increases isn't just a flat 3% and I want to bump it up manually,

02:46: I can make that change to any dollar value.

02:49: You can adjust your annual rate, you want to make sure that total

02:53: lease value is correct. And again, we're getting a 4% fee,

02:57: but it may be that that rate changes or that percentage.

03:00: So, if I start out at a four percent and

03:03: A change me to a 3%. You again want to manipulate those numbers, to

03:07: make sure that your totally lease value and your gross commission match as

03:11: expected. Outside of just working with the standard

03:15: percentage options, you do have the dollar per square foot option.

03:19: So instead of the percentage of I know that we're getting a dollar fifty, I

03:23: can go ahead and change the value up in the variable section regenerate.

03:27: My schedule and it will auto calculate based on the dollar per square

03:31: foot Commission. Now, as the last option, there are going

03:35: to be times where we have a flat fee scenario. So instead of filling in a dollar value,

03:39: I still want to use the dollar per square foot option for flat fee.

03:43: What I want to leave it blank, generate my schedule and then hard in

03:47: that value. As

03:52: you can see, when you've hardcoded in the value to the fullest, the total

03:56: of the bottom should match, your total commission that you're expecting.

04:02: And when everything,

04:03: Matches as expected. You can save and go back.

04:06: Don't forget, you can always add rent and break it out into any different time.

04:10: As long as you're still totaling that 60 months, or whatever your term is, You

04:14: can delete rows from the schedule and you can make as many changes as our needed,

04:18: along with being able to print the rent.

04:21: Schedule on your invoice, which will default to yes.

04:23: But, of course, you can choose to hide it as needed.

04:27: Please keep in mind if you come back later and make changes to any of these variables, you

04:31: will need to regenerate your schedule in order for those changes to flow down into

04:35: the schedule below. If you have any additional questions about your

04:39: rent, schedule, or your lease calculator, please contact your daily support team.

04:43: Thank you.