Service charge split rules set-up
You can add several Units to your building and enter the general service charge split rule. You can either enter a percentage or a fraction like 1/1000.
The general split rule is for service charges shared by all the tenants. It can be entered when you link the Units to the building.
You can also enter multiple specific split rules for the service charges that concern just some of the tenants (lift, water, cleaning…). The additional split rules should be entered in the Service charge split tab.
Add recoverable service charge
When you create a recoverable expense, service charge, you need to enter the following information:
- The recoverable amount from the tenant,
- The period,
- The split rule to use.
The selected split rule will be used to calculate the prorated amount when you do the tenant service charge reconciliation.