terms and problems
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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show | Property Name and Address & Property Type (once selected, property type is permanent)
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Timing | show 🗑
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Property Size | show 🗑
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Inflation Rates | show 🗑
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Reimbursement Method | show 🗑
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Miscellaneous Revenues | show 🗑
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Reimbursable Expenses | show 🗑
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Non-Reimbursable Expenses | show 🗑
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show | Expenses anticipated to be incurred by the property that are scheduled instead of recurring (e.g. roof, parking lot). Reserves for future capital expenditure are typically modeled here.
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show | Current or average market vacancy over a current or historical period (e.g. 5 or 10 years) to be applied to the holding period. **Use percent of potential gross revenue which is applied to all sources of revenue**
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Credit & Collection Loss | show 🗑
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Rent Roll | show 🗑
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show | Name of tenant that that occupies the subject property as of the start date of the holding period.
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show | Suite Number or letter of tenant.
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Lease Type | show 🗑
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show | Size of tenant in square feet.
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Start Date | show 🗑
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show | Date of lease termination. Enter date in MM/YY or the number of years from the start date.
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Base / Min Rent | show 🗑
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Unit of Measure | show 🗑
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Rent Changes | show 🗑
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show | Method by which corresponding tenant reimburses 'Reimbursable' property level expenses.
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show | None, Net and Base Stop (defined in other cards)
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None (reimburse) | show 🗑
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Net (reimburse) | show 🗑
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Base Stop (reimburse) | show 🗑
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show | Free rent provided to tenant over a specified term for corresponding tenant. Typically used as a tenant incentive to execute a lease.
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show | Costs incurred by owner to lease space for corresponding tenant (RR - Tenant Improvements & Leasing Commissions)
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show | Cost incurred by owned to improve the tenant space prior to occupancy.
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Leasing Commissions | show 🗑
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show | Leasing assumptions for the future leasing of space subsequent to tenant expiration. Market leasing also applied in "Space absorption".
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Property Description | show 🗑
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show | CANNOT be altered after hitting ‘OK’. When the property description screen is opened again, this field will be unavailable -1-
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show | contains spaces to enter Analysis Start Date*, Reporting Start Date*, and # of Years to Report/End Date* -1-
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show | sets the date at which ARGUS calculations will occur, and all entries that begin with a “relative” start date will be relative to this date -1-
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Reporting Start Date | show 🗑
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show | where you enter the size of the property. At a minimum, enter a size in the Property Size field; create by clicking New enter a category name and size OK -1-
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show | Thousand = K; Million = M; Billion = B -1-
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Property Inflation | show 🗑
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show | property-level income items not paid by the tenants; include revenue sources such as vending machines, or the rental of roof antennas; operating revenue not paid by the tenants -2-
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% of EGR | show 🗑
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show | the number entered in the Amount column will be interpreted as a full payment amount -2-
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$/Area | show 🗑
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show | the number entered into the Amount column will be interpreted as a percentage. Select the appropriate Constant to use for the percentage -2-
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show | the Percent of Line window allows the revenue to be based on a percentage of other items in the property -2-
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Reimbursable Expenses | show 🗑
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show | of tenants available, they’ll pay for all expenses under the Reimbursable Expense window; makes for unhappy tenants -2-
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show | allows one to enter values that starts and stops at specific times, or changes during the analysis period -2-
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Capital Expenditures | show 🗑
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Property Level Reports | show 🗑
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show | tenant information input screen; includes registry of tenants -3-
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Tenant Registry | show 🗑
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show | where one enters the lease start date as the actual date (mo/yr) or as a month number relative to the analysis start date. Mid-month lease* -3-
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show | in the Options Menu Input “Allow Leases to Start and End on Specific Dates”, this allows dates in the rent roll to be entered in a MM/DD/YY format. -3-
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Term/Expire (rent roll) | show 🗑
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Reimbursements (rent roll) | show 🗑
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show | used for full service leases; this selection indicates that the tenant will not pay any portion of Reimbursable Expenses -3-
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show | used for triple net leases; the selection indicates that the tenant will pay their natural prorate share of all Reimbursable Expenses -3-
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Reimbursement “Base Stop”: | show 🗑
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show | the number of months of free rent for the current lease. The number entered is the number of consecutive months starting at the beginning of the lease term. -3-
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Leasing Costs (Rent Roll) | show 🗑
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show | controls what happens to the contract lease after it expires and goes to market -3-
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Market Rent | show 🗑
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Upon Expiration (MLA) | show 🗑
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Market (UponExp, MLA) | show 🗑
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show | the program will assume 100% renewal. All information in the New Market column will be ignored during the first rollover -3-
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Vacate (UponExp, MLA) | show 🗑
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Option (UponExp, MLA) | show 🗑
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show | all income for that space will disappear after the initial lease term exp. leaves the space avail for another tenant to absorb the space or allows the space to be “reabsorbed” so that the space can be leased out in smaller sections at diff times -3-
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Non-Contiguous (UponExp, MLA) | show 🗑
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Property Purchase and IRR | show 🗑
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Capitalization Period | show 🗑
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Property Resale | show 🗑
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show | this method divides the NOI in the final analysis year by the cap rate; defaults using the NOI used for the resale calculation in the final analysis year; [NOI / Cap Rate = Gross Proceeds from Sale]
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Apply Rate to Following Year Income (Resale) | show 🗑
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show | used for reporting purposes. When unchecked, ARGUS will calculate and display resale proceeds in the final year of the analysis only. When checked, ARGUS will calculate and display resale proceeds for each analysis year -4-
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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