{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/88bee59f2e7a406fa3faf8fe23661a30\" frameborder=\"0\" width=\"1670\" height=\"1252\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1252,"width":1670,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1252,"thumbnail_width":1670,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/88bee59f2e7a406fa3faf8fe23661a30-769029c2e39cc647.gif","duration":104.887,"title":"Tenant and Vendor Markup Settings Update","description":"This Loom explains recent accounting changes to tenant and vendor company settings, specifically around taxability and markup. The speaker notes that markup preset values of 0% previously indicated a holding pattern, but now 0% is replaced with “no markup set” to clearly show a tenant does not yet have markup defined. Using Starbucks as an example, they demonstrate that if a tenant lease stipulates no markup or admin fee, markup presets for labor, materials, and resources can be disregarded by setting them to zero. This ensures that tenant labor charges will not have markup applied beyond what is already included in the labor or material rates."}