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Entering Income Valuation and Lease Data

Purpose

Use this procedure to enter general data for an income valuation.

If income and expense data will be applied to this income valuation from an income schedule, note that the data you enter in the following fields must match the data in the corresponding fields of the income schedule: Nbhd/Econ Area, Class, Property Type, Level, Year Built. For more information, see Creating Income Schedules.

Prerequisites

Procedure

  1. Open a Property , then expand the Income Valuations and Characteristics panel.
  2. In the Income Valuation grid, either select an income valuation and click Details Details icon to access an existing income valuation, or click AddAdd to create a new income valuation.
  3. In the General section of the Income Details dialog box, complete the following fields as needed:

    Note None of the following fields are required. But, generally, entering values here facilitates schedule building because schedules can draw data from these fields..

    Income Details dialog, General

  4. Select the following as required:
  5. In the Metrics section, use the following options as required:

    Income Metrics

  6. Complete the fields in the Lease Information section as required, including:

    Income Details dialog, lease information section

  7. Use the following additional options as required: