In the rent roll section, you have Future Tenant Assumptions. There you have two columns labeled New LC and Renew LC and the amount under is expressed in percentage. what does this column do, i.e. what is this assumption. Would appreciate if you can let me know.
LC means “Leasing Commission” and is a percentage of total rent of a newly signed lease. New LC would be the leasing commission percentage on a new tenant while Renew LC would be the leasing commission on a renewal tenant.
