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Terms in this set (112) What is the calculation for the Natural Breakpoint for Percentage Rent? Base Rent / Sales Percentage Which of the following is a purpose for a Market Leasing profile? To apply leasing assumptions to a tenant area when the current lease for that space expires Speculative leasing or Space Absorption, of vacant space

Use the following assumptions to calculate the Percentage Rent: Tenant Size: 1,250 SF Base Rent: $20/SF/Year Annual Sales Amount: $2,000,000 Sales Percentage: 3% Breakpoint: Natural

A Portfolio may have Chart of Accounts applied at a time One Percentage Rent fields are only available when is selected as the property type. Retail or Mixed Use that includes Retail Which of the following are levels offered with the Chart of Accounts?Check all that apply. Parent/He ader Cashflow/G L Account Detail/Job Costs Which of the following reports can be accessed by clicking Property Reports? Check all that apply. Executive Summary Budget Comparis on Cash Flow Enter the Property Resale information in the tab. Valuation To change the Report Print Interval setting, click the ____________ button. Report Options The _____ allows users to upload numerous files and URLs to centralize the location of property documents. Attachments Tab Which of the following are included in the default Leasing Commission calculation? Check Free Rent Fixed Steps

Entering in a property address will allow a user to access a map of the location in AE. False Enter any debt calculated outside of ARGUS Enterprise on the tab under the Investment tab. Other Debt When calculating a Market Leasing profile with the Upon Expiration set to Vacate, ARGUS Enterprise___ _. Assumes a 0% renewal probability. Which of the following are available methods for calculating General Vacancy? Check all that apply. % of Potential Gross Revenue % of Total Rental Revenue % of Total Tenant Revenue Non-Operating Expenses will fall below the Net Operating Income line on the Cash Flow. True When entering an Available Date prior to the Start Date on the Rent Roll tab, AE assumes____________ _. The space is available, but vacant until the Start Date. Which of the following are a Classification type in AE? Check all that apply. P r o p e r t y T e n a n t System Within ARGUS Enterprise, it is possible to copy items from Excel into AE. True

Using the information below, calculate the amount that is eligible for recovery when using Gross Ups: Utilities Expense: $16, % Fixed: 35% % Occupied: 82% % Grossed Up: 90%

Any type of item can be added in as a Miscellaneous Rent if they are directly related to the tenant. True For a tenant to pay a specific amount for an Expense, select the

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Recovery Method. Fixed Amount What is the extension of a property asset file in ARGUS Enterprise? .avux Assume a NOI of $946,250, cap rate of 10.5%, and a 3% selling costs. Capitalize the NOI to determine the Net Sales Price.

The Present Value tab allows us to enter in a separate discount rate for the Leveraged and Unleveraged Cash Flow as well as the Leveraged and Unleveraged Resale Rate. True It is required to enter in a Property Name and Address for every property added within a portfolio. False

Tenant Classifications. Using the information below, calculate the amount that will appear as the Operating Expense on Year 1 of the Cash Flow: Utilities Expense: $16, % Fixed: 35% % Occupied: 82% % Grossed Up: 90%

The Fixed Amount/Area Recovery Method is calculated as: The annual amount/area, based on Tenant Size, that will be paid by the tenant each year. Which of the following is considered a primary use for XL4ADW? Check all that Apply. Custom queries of results data Import of new models and data Modify modeling data in AE (Round Trip) Review modeling data in AE (Input Assumptions) In the Portfolio section of the File tab, existing properties within the portfolios are displayed in the _______________pane. Properties Users can define a varying buliding area over time by clicking the Building Area ellipsis. True

A property with an analysis start date of January 2014 has Market Rent for both new and renewal tenants at $20.50/SF/Year. If a tenant rolls to market and a new lease begins in September 2018, what rent would ARGUS Enterprise use for the speculative tenant? Assume Market Rent Inflation is 4% beginning in the second year of the analysis.

When will the CPI Increase be applied to a tenant when the selected method is "Each Lease Anniversary"? At the beginning of each lease year starting in the second year. Once a property asset type is selected it cannot be changed False The analysis begin date defaults to the current month and year False Which section in the Navigation pane allows users to update a variety of different setting ranging from Managing Users Data to Import Validation Rules to Report Settings? Global Categories Which of the Portfolio Application Tabs is best described by the following statement? This application allows users to create and Analysis

or a fixed date Parameters for the Discount Rate Change Interval on the IRR Matrix report can be changed in what tab? Assumptions

Argus Enterprise can have a different term length for amortization than for the loan duration? True Enter Other Debt information into the valuation tab False When you have a one time increase, or an increase that happen at different increments or times, utilize the Fixed Steps Unit Column False The Lost Absorption/Turnover Rent being reported for the months prior to a lease start will appear on the individual Tenant Cash Flow/LPV Report False How is the % of Total Revenue method calculated? Scheduled Base Rent + CPI Increases General Vacancy calculation frequency can be monthly or annually True Free Rent, Tenant Improvements, and Leasing Commission categories can be created in the Market parent tab and applied in the Rent Roll or the Market Leasing levels True When including free rent in the leasing commission calculation, is it added or subtracted? Subtracted

In AE, a user can ass over 100 properties into a portfolio True

Which is a benefit of using Chart of Accounts? Easier to track revenues and expenses Standardizes portfolio for names of all Expenses and Revenues Helps with accounting system integration In AE you can only assign one Chart of Accounts to a portfolio True Only users with appropriate permissions can access all the features in the Control Panel True To lock down a specific property and restrict who can edit it, what button should you click located in the ribbon? Check Out Property You can import and/or export v15 DCF files from Argus Enterprise True The Expense Inflation Rate will be the default percentage for: Operating Expenses Non-Operating Expenses Capital Expenses Every inflation category must be given a number otherwise it will default to the General Inflation Rate False Free Rent, by default, will kick in at the beginning of the Tenant's lease start date The default recovery system in Argus is Net The available date column in the Tenants - Rent Roll, represents the start of the tenants lease False By default, the tenant improvements and leasing commissions are paid at True

When using an available date that is before the start date, the loss in potential rent (Base Rental Revenue) can be shown on which report? Lease Audit What is used in retail properties where tenants are expected to pay a percentage of their sales to the property owner Percentage Rent What is the default calculation formula for Chargeable Sales? Sales Volume - Breakpoint Additional principal payments can be factored into the loan computations? True While running a 7 - year analysis on a property wit ha 30 - year debt note in Argus Enterprise, the note will do what at the end of the projection? Balloon After changing up the modeling policy for Gross Ups, any Recovery Structure already created will default to the Gross Up percent in the Modeling Policies window. False The default formula for Leasing Commissions is: Base Rent + Step Rent - Free Rent To indicate that an expense should not be included in the cash flow projection nor used in the calculation of the NOI, select Reference Only What is the default formula for Free Rent? Base Rent + Fixed Steps + CPI

Months Vacant Overrides will only affect the first rollover and there will be no blending based upon the renewal probability True The Batch Update allows a user to model several changes simultaneously instead of performing each individual adjustments True When creating a sensitivity scenario, changes to individual properties may be made at the top of the screen False Different levels of detail can be set for the Audit Log in which Portfolio Application tab? Portfolio Details To change the report interval setting, click which button? Report Options Which report within Portfolio Level Reports will show individual property information that makes up the selected cash flow totals? Cash Flow Detail All of the following are options for exporting Portfolio Level Reporting EXCEPT?

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Year 1 Cash Flow Open Calculation (Utilities Expense Fixed %) + (Utilities Expense % Occupied * Variable %) General Vacancy Formula [(PGR + Absorption and Turnover) * (Gen Vacancy) - Absorption and Turnover] Be sure to subtract tenant revenue if overriding