Image Removed
| Info |
|---|
This guide has been reviewed against our global client base and classed as relevant to |
...
When a property is in a Rent Pressure Zone (RPZ), a user will be prevented from raising the rent above the allowed limit, as set out in the RPZ guidelines
...
RPZ settings are stored on the property record
...
- when making a new tenancy current or renewing/extending an existing tenancy,
...
on saving the tenancy record, the system will check the proposed rent against the allowed rent and changes will only be saved if the rent is within the RPZ allowed limit
...
| Info |
|---|
When a tenancy is made current or |
...
when a tenancy renewal or extension is created and saved - |
...
rent history is created and saved - the key data for RPZ being the rent amount being charged and the date this came into effect - this is then used for future rent reviews and new tenancies on this property |
| Widget Connector |
|---|
| overlay | youtube |
|---|
| _template | com/atlassian/confluence/extra/widgetconnector/templates/youtube.vm |
|---|
| width |
|---|
|
...
| 675px | | url | https://www.youtube.com/watch?v=nPUKUVl9Mu4 |
|---|
| height |
|---|
|
...
How to use RPZ functionality
1. Access RPZ settings on the property record The RPZ settings for the property are stored in the Marketing screen From the property: |
...
|  Image Added |
2. No previous rent history | Info |
|---|
When ticked, this will allow rent to be set on the tenancy screen with no restriction |
|
3. In RPZ Set Yes when the property is in the RPZ
When rent history is available, this will automatically populate the Last Rent amount and Review Date fields below Set No when the property is outside of the RPZ Set Exempt if a property is within the RPZ but is exempt from a rent increase
If this setting is left blank, the property will be treated as being outside of the RPZ zone |
4. Start Date |
5. Last Rent p/w, p/m or p/a Where rent history is available within Reapit Agency Cloud, this will be automatically updated and will display the latest/last rent amount being charged, either when a tenancy on this property was marked as current, or when a renewal or extension was saved
When no rent history is available on the system but the previous rent amount is known, the last rent amount can be entered manually
|
6. Review Date Where rent history is available within Reapit Agency Cloud, this will be automatically updated and will display the date the rent, at the amount stated in Last Rent on left, started being charged, either when a tenancy on this property was marked as current, or when a renewal or extension was saved When no rent history is available on the system but the previous rent review date is known, the last rent review date can be entered manually
| Info |
|---|
On the Review Date, if the new rent amount was not increased, then the above fields will not get updated with a new date or rent amount; this will allow raising a new tenancy or extension for any date |
|
7. Saving RPZ settings Providing all the above settings have been completed correctly, click Exit to close the Marketing screen
Click Save on the property record
|
8. Setting the rent When setting the initial rent, or when adding an extension or renewal to an existing tenancy |
...
i.e. on Tenancy Details or within the Renewal/extension screen, as relevant
To set the rent amount to the maximum allowed: Other scenarios are outlined in 8a
|
...
Image Removed
...
| Expand |
|---|
| - It is not possible to increase rent within 12 months since the last review (where entered) |
|
...
 Image Added- When the In RPZ setting on the property is set to No or Exempt (via property Marketing), no increase is allowed until after 24 months since the start date of the last tenancy
 Image Modified |
| Info |
|---|
When the previous rent amount and review date has been added to the Marketing screen, when creating a new tenancy or adding an extension/renewal, when a rent increase can be applied, the rent will automatically be increased to the maximum amount - this can be changed before saving |
|
9. When rent is set too high When setting the initial rent, or when adding an extension or renewal to an existing tenancy If the rent amount entered is too high: On clicking Save on the tenancy record, a message will be displayed
Click OK and alter the rent amount accordingly
|
...
|  Image Added |
10. Saving the tenancy record When making a tenancy current or when adding an extension or renewal to an existing tenancy, on clicking Save on the tenancy record, if no message is displayed, this indicates that the rent amount is within RPZ guidelines |
Related articles
| Filter by label (Content by label) |
|---|
| showLabels | false |
|---|
| max | 5 |
|---|
| spaces | com.atlassian.confluence.content.render.xhtml.model.resource.identifiers.SpaceResourceIdentifier@a45 |
|---|
| sort | modified |
|---|
| showSpace | false |
|---|
|
...
| | reverse | true |
|---|
| type | page |
|---|
| cql | label = "tenancy" and type = "page" and space = "RW" |
|---|
| labels | rpz |
|---|
|
| Excerpt |
|---|
|
How to use Rent Pressure Zone functionality |
