Core TSIs : Turnover rent : Concepts : Prepayments
Prepayments
The amounts that are already paid in advance by the lessees.
The lessor and lessee can agree prepayments so that the lessor can already collect a certain amount of turnover rent during the settlement period without having to wait until the end of the period.
The turnover rent to be settled at the end of the period takes into account the registered prepayments within the settlement period. The prepayments are deducted from the rent to be settled.
All turnover rent related amounts (prepayments and settlement amounts) are linked to a special lease amount line with the setting Turnover rent line? set to Yes.
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If there is no agreement on prepayments, you must still link the turnover profile to a turnover rent line. Enter an amount with the value 0 (zero) to indicate that there are no regular prepayments.