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GeneratingRentSchedules

Objective

Auto-generate year-by-year rent escalations for any lease using the correct methodology: NYC RGB rates for stabilized units, or custom fixed/CPI/percentage for free-market and commercial.

Prerequisites

  • •An active lease with start/end dates and base rent set
  • •Escalation type configured on the lease

Step-by-Step Instructions

  1. 1

    Open the lease detail page and click the Rent Schedule tab.

  2. 2

    If no schedule exists, click Generate Schedule.

  3. 3

    Valix branches logic based on lease type:

    • —HPD (Rent Stabilized): Uses the NYC Rent Guidelines Board (RGB) one-year rate for the lease year (e.g. 2.75% for 2026).
    • —Free Market / Commercial (Fixed %): Applies the percentage you set on the lease (e.g. 3% per year).
    • —CPI: Applies the current Consumer Price Index rate.
    • —Custom/Manual: You enter each year's rent amount directly.
  4. 4

    Review the schedule table. Each row shows: Lease Year, Start Date, End Date, Monthly Rent, Annual Rent, Escalation %.

  5. 5

    To override a specific year, click the row and edit the Monthly Rent field directly.

  6. 6

    Click Save Schedule to persist.

Troubleshooting Tips

Pro Tip:Check your rent schedule against lease language quarterly — small drift can accumulate over multi-year leases.
Note:RGB rates are updated annually by the NYC Rent Guidelines Board (typically in June). Admins update the RentGuideline table in Valix when new rates are published.

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