As an incentive to tenants, letting agents may sometimes offer a rent-free period at the start of a tenancy, e.g. first month rent-free. This can be achieved in RentPro as follows:
- Create the tenancy as normal with an initial rental value of £0.
- Edit the newly created tenancy.
- In the Tenancy Details section you'll find the rent components table with column headings Effective Date, Rent(£), Tenant Component(£), Benefit Component(£). Create a new entry in this table. The Effective Date (which must coincide with the first day of a rental period) should be the date from which rent should be charged. Enter appropriate values in the Rent, Tenant Component and Benefit Component fields.
Remember to click on Add button to the right of this row.