Net effective rent (NER)
calc_net_effective_rentCompute effective rent, straight-line net effective rent, and discounted net effective rent ($/SF/yr) after free rent, TI allowance, leasing commissions, and other landlord concessions. Deterministic: use this instead of doing the math yourself; cite formula calc.net_effective_rent@1 and the returned steps, and surface any warnings.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| schedule | Yes | The lease's base-rent terms (same input as calc_rent_schedule). | |
| ti_allowance_psf | No | Landlord-funded tenant improvement allowance, USD per SF, paid once at commencement (not per year). | |
| other_concessions | No | Any other landlord concessions paid at commencement (moving allowance, buyout), USD. | |
| leasing_commissions | No | Total leasing commissions paid by landlord, USD. | |
| discount_rate_annual | No | Annual discount rate as a decimal, e.g. 0.08 (monthly rate = annual ÷ 12); 0 gives the undiscounted (straight-line) NER. |