Is it true that Step Rent increases can be applied in both the step rent field and the base rent varies window?

The assertion that Step Rent increases can be applied in both the step rent field and the base rent varies window is indeed correct. Step Rent is a rent escalation mechanism where the rent amount changes at predetermined intervals, typically increasing at specified rates. In Argus Enterprise, you can set up Step Rent increases directly within the designated step rent field, allowing for clear specifications of how and when step increases occur.

Additionally, the base rent varies window provides flexibility for setting varying base rental amounts over time or under certain conditions. This means that an analyst can simultaneously manage both the predefined step increases and modifications to the base rent itself, creating a comprehensive rent structure that can accommodate different financial scenarios.

This approach ensures greater versatility in modeling lease agreements, allowing users to accurately reflect the terms of their leases as they might change throughout the lease’s duration. The ability to apply Step Rent increases in both contexts enables comprehensive financial modeling that aligns with common practices in real estate finance.