Rentable units
A rentable unit is (a part of) a property that can be leased or subleased as an undividable entity. A rentable unit is always linked to a property. A rentable unit is a hierarchical element. A maximum of two levels can be defined.
There are two types of rentable units:
• Rentable units rented from another party; in this case you are the lessee.
• Rentable units rented out to another party; in this case you are the lessor.
Example
The building rented by your organization consists of five floors. These five floors are registered as one rentable unit. This rentable unit is of the type 'Rent from' unit.
Each of the floors can be rented out as an individual entity. You want to rent these floors to external sublessees. You can do this by registering five 'Rent to' units.
In
Cost Settlement, costs can be distributed based on spaces or 'Rent to' units.