Escalating Payments & CPI Increases
The guide explains how to use the in-app payment escalator on step 2 of Add/Edit Lease to input known CPI increases or escalating payments, allowing the software to automatically calculate subsequent payment amounts based on the specified percent or amount increase.
Escalating Payments & CPI Increases
If you have a lease that contains known CPI increases or escalating payments through the life of the lease, add payments on step 2 of Add/Edit Lease using the in-app payment escalator.
Use the Percent or Amount field to determine the increase and the software will automatically calculate the next payment amount.