Rent Increase in REFX contract IFRS 16

[zia123]

Hi

We have a scenario where the rent increases every year. How to handle this and how can we make the change in RECN contract ?

Thanks,

Mohammed

[former_member441136]

Hi,

Contract has to be updated every year, when new Rent amount is available.

Once new Rent Amount condition is added, Valuation Rule will also be updated, by giving the Time Slice from the date of Change in Rent & run the Valuation again.

Regards,

Hitesh

[zia123]

Hi Hitesh,

Thanks for your reply. Do I have to add another condition line in the condition tab and update the unit price field with the rent increment value? How to enter the dates do i have to enter in the condition valid from and to ? or the valuation?

Thanks

Mohammed