Unit Profile

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Fee Summary

The information in these fields is for reference only and is filled in based on the entries in the Management Fee Profile selected in the Mgmt Fees field. These fields are protected and cannot be changed except by changing the Management Fee Profile. The summary shows when the fees are collected (deducted from the ledger and given to the management group), whether any fees are collected when the unit is vacant, and if any of the late fee goes to the ledger.

Rent Fee on Collected

This protected field is calculated based on the fee percentage on collected charges in the Management Fee Profile and the market rent. Fees based on collected rent are posted to the ledger at the time the rent is charged.

Leased Fee Not on Collected

This protected field is calculated based on the fee amount plus the Percentage Not on Collected Charges in the Management Fee Profile and the market rent.

Vacant Fee When Vacant

This protected field is calculated based on the fee percentage and fixed $ amount in the Management Fee Profile and the market rent.

Owner % Late Fee

This protected field is the percentage of the late fee that goes to the ledger based on information in the Management Fee Profile. If 100% of the late fee goes to the management group, there are no transactions reflected in the ledger for late fees unless the processing default is set to use the ledger as a pass through.