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Grace Period at the End of the Contract

Hi,

My Customer has a requirement of Grace Period / rent Free Period at the end of the Contract. For example if the Contract is for 12 months, at the end provide 2 more month extra which will be treated as rent free to the tenant.

How to Map this Scenario in ReFx.

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1 Answer

  • May 15, 2017 at 03:26 PM

    Hi Shinas,


    It is possible to set an end date for the condition. Thus you can end the condition for example on 31.10.2017 and the contract end date is 31.12.2017.


    Best regards,


    Franz

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    • Former Member

      Hi Franz,

      My requirement is rent contract is for 12 months and grace period of 2 months , so in total occupancy is for 14 months. Business requirement is BP should be billed quarterly and payments of 4 cheques should be made against invoices.

      But revenue recognisation should be made over 14 months, how to map this scenario.

      Thanks & Regards

      Gyanendra