|
please help!!! for contract rent increase. option 1 and 2 below, which better or same? why, thank you rent increase 1. Annually to CPI or 4 %, whichever the greater. 2. ◼ take the yearly rent as of the last review date or if none, the rent at the commencement date ($X), ◼ divide that rent by the Consumer Price Index Number for Sydney (All Groups) for the quarter ended just before that date (CPI 1), ◼ multiply the result by the Consumer Price Index Number for Sydney (All Groups) for the quarter ended just before the review date (CPI 2). The product is the new rent for the year beginning on the review date ($Y), written as a formula – ($X / CPI 1) x CPI 2 = $Y |
