Variable Rent Credit is Billed when Negative Rents is Set to Ignore (Doc ID 2177563.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Property Manager - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms


 When Variable Rent Agreements are setup with Negative  Rent:Ignore, a negative term (credit) is created


STEPS
-----------------------
The issue can be reproduced at will with the following steps/example:
1. Create Lease from Feb 2001-2011
2. Create Variable rent Agreement staring from dec-2002
3. Calculation Method: Cumulative
  Partial Year Method: First Year/Last Year
  Invoice on: Actual
  Negative Rent: Ignore
  Calculation/reporting and invoice Frequency: Annually
  period start date 01-dec
4. calculate periods
5. Enter breakpoint setup Break Type: Artificial
  Breakpoint Type: Flat
  Period Breakpoint Volume: 3,333,333
  Rate: 0.12
6. Generate breakpoints
7. Enter Volume for the first year in such a way that actual rent total for
the year is less then 3,333,333
8. Click on Calculate all button
9. Verify the actual rent shows Zero as expected.
It is not showing negative term amount as Negative rent setup is 'ignore'


Cause

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