Add/Edit Management Rent Demand Fees
In this guide, we'll show you how to add and edit management fees from the Tenancy Page. You can add system fees in this guide that will allow you to use the same fee/s time and time again.
In order to ensure generation of correct statements and invoices to Landlords, along with ensuring that your Agency receives fees each month from the Rent Demands that are generated, it is vital that you confirm that the fees attached to the tenancy are definitely 'Management Fees' and not any other kind of fee e.g. Admin. If the fee in the 'Rent & Fee Schedule' is not set up as a 'Management Fee', then no fee will be deducted from the Rent Demand prior to remittance to the Landlord.
Management Fees can be added within Rezi PM via the Tenancy agreement page. If you select the Fees Applied option (to the left of the Generate Demand button), the fees dialogue appears.
When the popup appears you will see 2 options. One for adding a new fee which can be ad hoc or you can choose an existing fee from the option seen in the screen below.
You can remove existing fees by selecting the trash can icon . Please note, removing a fee removes the fee from the tenancy.
To add a management fee which has previously been created you can use the 'Add existing fee' button. To add a new fee you can select the 'Create new fee' button.
For the management fee to be automatically linked with a rent demand and deducted from the amount transferred to the landlord, as mentioned at the outset of this article, you will need to ensure the 'Fee category' is 'Management'.
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