Once a year, on the anniversary of the agreement, the rent is usually increased in line with an index. Go to the “Tools” section, select “Rent increase”, pick the tenancy, enter the old and the new index, check the new rent and save. The increase takes effect immediately and a letter template is generated for the tenant.
To create a tenancy, go to the “Tenancies” section and click “New tenancy”. Record the tenancy type, the property, the duration, the rent and service charges, the security deposit and the tenants, plus special clauses, receipt settings, insurance and guarantor details. The software then pre-fills the tenancy agreement and creates the first finance entries.
This section is where you manage your tenancy agreements. You can create, edit, duplicate, end, deactivate, archive and delete a tenancy, reconcile the service charges, increase the rent, regenerate the payments, show the finances and download a pre-filled tenancy agreement. Records can be filtered by landlord, property and tenancy type, and exported from the bottom of the table.
