With Rentila, you can easily manage shared houses and HMOs (Houses in Multiple Occupation). To do this, create one or more units (a unit can represent either the whole property or an individual room), then assign tenants to those units. You can either set up a joint tenancy (one agreement for several tenants sharing the
End a tenancy and record a departure To record a tenant’s departure, go to the “Tenancies” section and click on the “End Tenancy” option on the right. Fill in the required details such as the departure date, security deposit to be returned, final rent receipt, and new address, then click “Save”. Once the departure is
When you create a tenancy, the amount of the security deposit specified in the tenancy agreement will be recorded as a line of income in the “Finances” section. You can also manually create a collected security deposit, simply add a revenue of type “Security Deposit” in the “Finances” section. A receipt will automatically be generated
Following the reconciliation, the system generates an entry in the Finance section which can be (depending on the result): A Revenue, if the tenant has paid less (you can claim the difference), An Expense, if the expenses were less than the amount anticipated by the tenants. If the provisions are higher than the actual expenses,
Once a year, on the anniversary date of the contract, it is customary to review the amount of the rent. The calculation formula is: Rent x new index / old index = new rent. Conducting a Rent Review with Rentila To perform a rent review, follow these steps: Go to the “Tools” section and select