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    Setup a Last Area Value Restriction

    Setting up a Last Area Value Restriction using the Control Panel in RMS.


    Steps Required

    1. Go to Charts > Rate Manager in RMS.
    2. Select the 'Control Panel'.
    3. Choose 'Add'.
    4. Select 'Last Area Value'.
    5. Select a Date Range.
    6. Enter an Amount.
    7. Choose applicable Properties & Categories.
    8. Select applicable Rate Types.
    9. Save/Exit.


    Info

    Setting a Last Area Value will prevent the last available Area in the selected Category from being sold for a rate lower than the value entered.

    This restriction sets a benchmark value for the final available area within the category, irrespective of applicable discounts or adjustments that occur as part of dynamic pricing.

    Visual Guide

    Go to Charts > Rate Manager in RMS.

    Select the 'Control Panel'.

    Choose 'Add' to create a new restriction.

    Select 'Last Area Value'.

    Select a Date Range.

    Enter an Amount to be used as the minimum Rate for the Last Area in the selected Categories.

    Choose the applicable Properties & Categories that will use this value.

    Select the applicable Rate Types.

    Select 'Save/Exit' to create the restriction using the options selected.

    The last available Area in the selected Categories will not be sold for a rate value less than the amount entered on the selected date range.

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