Update of Leasing Charge using Index Update

Leasing charges connected to leasing lines can be automatically updated through an index update in 'Leasing Price Index. Open' (LTS400). When an index update is performed using (LTS400) all leasing charges with this price index ID connected and valid periods for the date set in 'Leasing Price Index. Enter Value' (LTS401), are updated, and the curves are recalculated.

The price index ID is set with a default value from the rental order type in 'Rental Agreement. Connect Additional Charge' (STS103) and can be manually changed on (STS103/E).

All leasing charges with the updated price index ID connected and valid periods for the date set in (LTS401) are updated, and the curves are recalculated in 'Rental Charge Curve. Open' (STS111).

Before you start

Price index ID must exist in (LTS400) and be connected to the leasing charges in (STS103) to trigger an update of the leasing charge.

Follow these steps

  1. Open (LTS400).

    Select the price index ID and use related option 11='Crt/chg value ' to open (LTS401).

    If a new price index ID should be created, use option 1='Create' in (LTS400) before you open (LTS401).

  2. Set the date from when the index update should take place and use option 1 ='Create' to create a new record in (LTS401).
  3. Set a new percentage value to be valid from the set date and confirm.

    For example, if the index update should be +10% of the current price, set the value to '110' in (LTS401). If the price index should be -5% of the current price, set the value to '95' in (LTS401).

    When confirming, a check and update is triggered for all leasing charges meeting the criteria.

    Only periods in (STS111) with a start date equal or later than the 'Valid from' date set in (LTS401) are affected.

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