Calculate Current Rent

Jul 13, 2009

Is it possible to have my lease rents be automatically adjusted on the anniversary of their commencement date using the current system date? Maybe, this would work using the excel TODAY function. Excel would need to compare the current date with the commencement date and calculate how many years have since passed. It would need to use a compound interest formula to calculate what the present rate is.

In the document attached, you will find (lease commenced, original rent, escalation rate and present rent. There are also ammendments which follow the present rent which show how rent has increased due to new lease agreements or amendments. The most recent rent to use is present rent, but it would be great if excel could show how the rent increased or changed since the lease start.

The document is the following: Basically, these are multi-year property rentals which on the anniversary of the contract signing increase by 4% or 5% annually (or whatever the escalation is). That means, if I rent it out on March 1st 2007 for 1000$, it will be $1050 from March 1st 2008 and then 5% increase on every anniversary. It works just like compound interest over given years.

What I want to know is it possible to have Excel update my spreadsheet depending on the date automatically. Is there any kind of Macro program? I have over 600 rents, that is why I want the process automated. I would want the rents to increase on the anniversary of the contract signing every year and so basically the Excel would update itself, or it would update once I turn it on and then refresh it.

Next question I have is, say I scroll my mouse over the rent column. I look at building A and look at the rent for this year. Is it possible that once I pop my mouse over it a small chart can pop up and describe the rents for the previous years. Meaning a chart that would quickly pop up and show the 5% decrease every year for the past say 5 years.

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Rent for the month
Start Date Year 1 Year 2 Year 3 01/07/14 Explanation
01/08/13 10 20 30 10 < 1 yr = 10
01/07/13 40 50 60 50 enter 2nd yr = 50
16/07/13 70 80 90 76.29 (15/31*70)+(16/31*80)
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formula or vba using Excel 2003.

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I have attached the spreadsheet in a pdf. I can e-mail it to anyone who is is willing to help me.

I am trying to calculate the amount of income per calendar year from each tenant.

I have, for each tenant, a commencement date (the date that the first lease year began) and a termination date (the date the last lease year ended). If a tenant has signed a 10 year lease, for example, and his lease commenced on February 15, 2005, then it will terminate on February 14, 2015. The 10 years in that range each have a different rent for that year. Year 1, (from February 15, 2005-February 14, 2006) he will pay $4k a month. In Year 2, (from February 15, 2005-February 14, 2006) he will pay $6k a month. What I want is a set of columns that show the total rent he will pay in 2005, 2006, and so on. The 2005 total should be: $42,000 (10.5*$4000). In 2006, it should be: $69,000 (1.5*4000 + 10.5*6000), and so on to year 10 (being split between 2014 and 2015. Also, please note that the lease could commence on any day of the month and they pay the corresponding pro-rata share of rent based on the number of days into the month the Lease Year is starting/changing.

The result should look like this:

[2005][2006]
[$42000][$69000]
next tenant amounts
next tenant amounts

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i have a problem that i have been trying to get over for about a week now.
i need to calculate a lease commission, with an extensive amount of variables.
first i need to find the length of the total term which should be anywhere between 1 to 10 years.
then on a annual basis i need to define how many months are billable in that year.
which gives me to variables to account for there, which are
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i think i have worked that out pretty successfully, so next i need to calculate the rent for each year period. with several variables
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- by a per square foot basis
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c. this is where i am at now, and its killing me. i need to account for rent adjustments for each year.
rent adjustments can start from either the lease start date or the date that rent starts which would be after the lease start if free rent is granted.
then the adjustments will continue through the end of the term and be implimented every x number of months.
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i am finding difficulty in finding an annual value of the original lease term in relation to this date series. expecially if the adjustment periods leave a remainder carring over to the next year, or if their are several adjustments in one given year.
any help would be appriciated on this.... i know its pretty complicated, and i have rewritten this code about 30 different ways , i am at a loss right now.
if you think you may want to see my file let me know and i can post it

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