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How to change RO area in active leased out contract

Former Member
0 Kudos

Dear Experts,

Hi, I'm new in RE-FX and need you advice for this scenario below :

Assuming I have leased out contract from 01.01.2015 - 31.12.2015 of rental unit with total area 120 M2, I run RERAPP posting for a year rent charges at 01.01.2015 and execute accrual/deferral process every month until 31.03.2015.

Now for some reason, the total area of rental unit is changed become 100 M2 valid from 01.04.2015, how I treat this changes, especially related to contract and accrual process ?

Thank you,

Budi

Accepted Solutions (1)

Accepted Solutions (1)

bowen_cao
Contributor
0 Kudos

Hi Budi,

you can change it directly, the accrual/deferral process is based on the cash flow, if you changed the area of RO, and if you used the calculation formula "based on the RO measurement", the cash flow will be changed automatically.

Regards,

Bowen

Former Member
0 Kudos

Hi Bowen Cao,

Cash flow will generate the reversal value of first posting, and then generate two other line : calculation before 1 April for 120M2 and after 1 April for 100M2, correct ?

How about the accrual/deferral, is it automatically updated during the next run?

Thank you,

Budi

bowen_cao
Contributor
0 Kudos

Hi Budi,

You are right:)

Regards, Bowen

rajnikant_verma
Explorer
0 Kudos

Hi,

Ensure that you have done the setting for Flow type with reference properly.

Thanks

Answers (1)

Answers (1)

Former Member
0 Kudos

Dear All,

Thank you for your information. it's helpfull.

Regards,

Budi