Rent Changes

See the How to PDF document #761

An unlimited number of rent change dates can be entered. Click on the Edit button above the scroll bar or the Effective field to start. Use <TAB> or <CTRL><INSERT> or click in the open area below this line or on the Edit button to enter another. The rent summary field will update as the rent change date becomes current. Old rent changes are deleted after processing.

Effective

Use this date field to enter the effective date of the rent change.

Amount

This is a numeric field for the new rent amount.

How it works

The default is that the tenant profile (Lease tab, Lease Amount field) will be updated with the new rent amount if the Effective date falls before the Scheduled Thru date on the Scheduled Receivables, Rent screen. This means that if the Effective date is 10/1 and you charge rents for Sept with a Next Scheduled date of 9/1 or 9/30, the tenant profile will not be updated. When you charge rents for October, the new charge will take effect and the profile will be updated.

If you prefe rthat the rent amount reflect what the rent will be the next time rent is charged, go to Setup, Database Settings, General tab. Mark the checkbox for Rent Changes. With the checkbox marked, when rents are charged for September and there is a rent change for Octover, the rent amount will be updated and the rent change line item will be removed.