The Indices table is used to specify the indices that can be used for a review. For example, you might review rent charges for leases based on CPI increases for the area in which the leased properties exist. Your index might then be a September 2012 CPI change of 2.5% in South Australia.
The indices table allows you to specify the details of the index which can then be used when adding a review to a lease. You can enter the following information about an index:
Index Type - This is the type of review for which the index will be used. You must select a type from the list of types that have been specified in the Review Types table.
Quarter - Which Quarter of the year the Index applies to. You can select either March, June, September, or December quarter.
Year - This is the year for the index.
Index Location - This is the location for the index. You must select a location from the list of locations that have been specified in the Index Locations Table.
Index Value - This is the percentage value of the index. The percentage amount that you specify for the index will be used to calculate the increase or decrease in value for charges or payments that are reviewed using this index.