When editing a tenancy, RentPro allows the definition of fee schedules. These schedules allow tenant fees to be applied automatically on each rent day of the tenancy.
To add a new fee schedule the following fields must be defined:
- Fee / Expense - Fees and expenses differ in that fees are revenue generating, e.g. management fees, whereas expenses are costs that are to be passed on to the tenant, e.g. utility bills.
- Description - a description of the recurring tenant fee to be applied.
- Value - The fee value to be applied on each rent day.
Existing fee schedules can be viewed by editing a tenancy instance, and deleted by clicking on the 'X' icon to the right of the listing.
On the tenancy rent day a fee will be applied to the associated tenant and can be viewed, edited or deleted via the Fees tab within the tenant view.
Note that fees associated a fee schedule will only be applied whilst the schedule is in existence and will not be applied retrospectively to previous rent days associated with the tenancy.