When recording a Holding Rent the fee value will represent the rent required from the tenant. You will also be required to record the actual receipt of the holding rent via the Bank module.
If a Holding Rent exists for a tenant then the following will automatically occur when a new tenancy is created (for this tenant instance and the property specified when raising the tenant fee.)
- A tenant payment will be recorded within RentPro with a value equal to the holding rent received from the tenant.
- The tenant fee associated with the Holding Rent will be removed from the system.