Automate a rent increase on certain date

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CarriG
CarriG ✭✭
edited 12/09/19 in Formulas and Functions

I am trying to automate a rent increase on a certain date. I have a table with Tenant ID, Rent Increase Date, New Rent amount. I would like to reference this in another sheet, so that when the rent increase date arrives, it will return the new rent amount. 

I can use the Index and Match to pull in the amount, just needing it to update on a certain date is what is giving me trouble. 

Any point in the right direction would be appreciated. 

Comments

  • Paul Newcome
    Paul Newcome ✭✭✭✭✭✭
    Options

    Try working in something along the lines of...

     

    TODAY() >= [Rent Increase Date]

     

    Without seeing your setup, I can't give more specific advice. If you'd like to share more detail and possibly some screenshots, I'd be happy to help figure out how to best work it in.

  • CarriG
    CarriG ✭✭
    edited 07/11/19
    Options

    Thank you for your help.

    This is table I have built. One property may have an increase every 5 years and others may have only have 1 the entire term of the lease. 

    My destination sheet could house the increase date column or this table could. Whichever is easier. I would like for a Current Rent cell to update based on the date and amount from the table, if there is on, otherwise stay the same. 

    Hope this explains, I may be trying to do too many things at once.

    rent increase (2).png

  • Paul Newcome
    Paul Newcome ✭✭✭✭✭✭
    Options

    Ok. This shouldn't be too complicated. Can you post a screenshot of the other sheet as well along with any formulas you may be using already?

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