Overview
Straight Line Rent (SLR) calculates the straight-line rent amount for eligible base rent charges during the lease term.
SLR is calculated when scheduled charges are generated and can be reviewed in the preview journal before charges are created.
Configure Straight Line Rent
Enable SLR for the Property
Go to Setup > Properties, open the property, and select the General tab.
In the Straight Line Rent section:
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Enable Enable Straight Line Rent.
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Complete Deferred Revenue Account (Debit).
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Complete Revenue Account (Credit).
These accounts are required for SLR calculation.
Mark Charges as Base Rent
In the property's Charge Controls tab, mark the applicable order entry items as Base Rent.
SLR is calculated only for recurring charges whose item ID is configured as base rent for the property.
Configure the Charge Term
The recurring charge must have an applicable end date:
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The recurring charge's Terminate Date is used when available.
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If there is no recurring charge termination date, SIRE uses the Lease End Date.
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SLR is not calculated when neither date is available.
Configure the SLR Posting Journal
Go to Company > Configuration and select the journal in Straight-Line Rent Posting Journal.
The selected journal must be active. SIRE uses this journal when posting SLR entries; SLR entries are not hardcoded to the General Journal.
SLR Date Logic
SIRE determines the SLR period using the applicable lease and recurring charge dates.
The calculation period starts with the later of:
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The recurring charge effective date.
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The lease commencement date.
The calculation period ends with the earlier of:
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The recurring charge termination date.
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The lease end date.
Run Straight Line Rent
Go to Tasks > Manage Charges > Process Scheduled Charges.
When you process scheduled charges, SIRE:
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Checks whether SLR is enabled for each property.
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Identifies recurring charges marked as base rent.
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Calculates the SLR amount for eligible charges.
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Includes the result in the scheduled charges preview.
No separate SLR process is required.
Review SLR in the Preview
The scheduled charges preview includes the SLR amount for eligible base rent charges.
Review the preview to confirm:
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The correct property and lease are included.
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The base rent charge is eligible.
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The SLR amount is correct.
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The configured GL posting journal is active.
SLR values are also included when the preview is exported to Excel or PDF.
SLR Journal Entry
When scheduled charges are generated, SIRE creates the SLR journal entries using the configured Straight-Line Rent Posting Journal.
The entries are grouped by property and lease and summarize the applicable SLR amounts by tenant and unit.
The debit and credit accounts come from the property's SLR account configuration.
Frequently Asked Questions
Which Charges Are Eligible For Straight Line Rent?
Only recurring charges whose item ID is marked as Base Rent in the property's Charge Controls are eligible.
Which Accounts Are Required?
The property must have both Deferred Revenue Account (Debit) and Revenue Account (Credit) configured.
What Happens If There Is No Terminate Date?
SIRE uses the Lease End Date when available. If neither date is available, SLR is not calculated.
Do I Need To Run A Separate Straight Line Rent Process?
No. SLR is calculated as part of Tasks > Manage Charges > Process Scheduled Charges.
Where Are Straight Line Rent Entries Posted?
They are posted to the active journal selected in Company > Configuration > Straight-Line Rent Posting Journal.
Can I Review The SLR Amount Before Posting?
Yes. Review the SLR amounts in the scheduled charges preview before selecting Post Charges.
Are SLR Values Included In Exports?
Yes. SLR values are included in the Excel and PDF exports from the scheduled charges preview.