ARGUS Enterprise Certification Exam
What is a reference account
C An expense or revenue item that will not appear on the Cash Flow report but can be used as a basis for reimbursement calculations or referenced elsewhere in the Argus model
Why would you select a reporting start date that is ...
ARGUS Enterprise Certification Exam
What is a reference account
C An expense or revenue item that will not appear on the Cash Flow report but can be used as a basis
for reimbursement calculations or referenced elsewhere in the Argus model
Why would you select a reporting start date that is different than analysis start date
A expenses may represent a calendar year with inflation, while the reporting start date represents the
beginning of the hold period
leasing costs are by definition capital expenditures. where are they modeled in argus?
D leasing costs can be assigned directly via the rent roll on a tenant by tenant basis, can be input
directly as capital expenditures, as a market assumption applied to each suite (all above)
if a tenant's pro rata share is a fixed percentage and not natural based upon its square footage the
GLA of the building, where in Argus would you reflect this fixed percentage
B when building the recovery method for the tenant
what makes a MLA weighted?
D renewal probability
describe general vacancy loss and credit and collection loss
D general vacancy loss is the opportunity cost of income that you do not receive because of vacancy.
CCL allows for unforeseen bad debt. Both have the possibility of being calculated the same way in
argus
general vacancy and ccl can be overriden for a group of tenants
-->all of the above
what is argus default renewal probability
A 50%
how would you exclude specific tenants from a general vacancy loss or credit and collection loss?
B select the override specific tenants box, then select the tenants to be excluded or tenant group and
override the standard rate with 0%
which are the 4 default inflation rate categories?
A general, market, expense, CPI
what is an anchor tenant?
C generally refers to a principal tenant in a shopping center
what is the difference between start date and available date?
B available date is when the suite becomes available to lease whereas the start date is the actual date
the tenants term begins. available date must commence prior to or on the start date
what is abated rent in argus
, D a contractually agreed upon portion of the rent the tenant does not give to the LL.
where in argus do you reflect what happens to a lease after its expiration?
B under the market leasing section of the rent roll
what does it mean for an argus model to be in balance?
A property size at each date is equal to the sum of SF of occupied and vacant suites entered into the
Rent Roll
what is percentage rent?
D applies to retail tenants only and relates to a rent amount equal to a percentage of a tenants sales
over a specified breakpoint
which of the following is an advantage of using sublines when inputting reimburable expenses?
C individual sub-lines appear when building reimbursement methods allowing for specific
inclusion/exclusion from expense groups
what is a base year
C a lease condition whereby the landlord agrees to pay an expense amount based on the the expense
for a base year of a lease and the tenant pays the PRS increase in expense for subsequent years
define the term triple net
C tenant pays its PRS of cam, taxes, and expenses
what is meant by the term gross-up
the amount of expenses passed through may reflect an amount based on an occupancy that is greater
than the actual occupancy level
what is an admin fee?
D typically applies to retail tenants and is a fee added to specific reimbursable expenses that are
passed through to a tenant
what is a management fee?
B a fee based on a certain percentage of property or tenant specific revenues at a property
for retail tenants if you want to reduce the amount that the tenant pays in retail sales percent
revenue by a percentage of the amount a tenant pays in reimbursed expenses, where in argus would
you do this?
A under the % rent offset column within tenant specific recovery methods
what is meant by a denominator floor
A the lowest percentage of an occupied area being used as the denominator in the calculation fo the
tenant's PRS
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