00:00 | Add and verify an occupied tenant

Open Rent Roll. This practice checkpoint already has three tenants, and we will enter the fourth. Add a tenant and enter the suite, name, area, rent, and the rent unit. For Juniper Grocer, use suite one hundred, twenty-two thousand square feet, and rent of eighteen dollars and fifty cents. Choose Per SF / Year. Annual base rent is therefore four hundred seven thousand dollars. Check the unit before trusting the total. Choose the lease type and enter the lease dates from the source lease. Enter the annual reimbursement per square foot and its unit, then review the growth assumptions. Select Add Tenant to save. Once all rows are present, compare their totals with your source rent roll. The four occupied suites total forty-five thousand eight hundred square feet. Add the vacancy separately in the next step so empty space remains visible.

00:52 | Add a vacancy and verify the full property area

A vacant suite is not an occupied tenant. On Rent Roll, select Add Vacancy. Enter suite one eighty and two thousand eight hundred square feet. Use the supported market-rent assumption from your source. In this fictional example, projected rent is thirty-two dollars per square foot per year. Check the unit and the projected annual amount. Enter the reimbursement assumption if it applies to the vacancy. Select Add Vacancy to save the row. Confirm that the vacant space appears separately. Together, occupied tenants and vacancy should match the full building area: forty-eight thousand six hundred square feet. The occupied area is forty-five thousand eight hundred square feet, so occupancy is about ninety-four point two percent. If area or occupancy disagrees with your source, correct the rows before using the document.