Page Comparison

1. Setup amount, start/end dates & fee

From the property:

• Click Rent/Fee Details
  

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In the Rent Guarantee section, enter:

• Guaranteed amount
  This is the amount of rent guarantee the landlord is to receive

• First payment date & End date 
  Enter the start and end date of the rent guarantee agreement

  • Rent received inside of these dates will be transferred to the supplier ledger

  • Rent guarantee invoices will be raised for the supplier to pay the landlord

• Management fee 
  Enter a management fee to be charged on the rent guarantee, if required

1. Select invoices

From Lettings/Rentals,

click Daily Accounts Processes

• Select Rent Guarantee invoices
  Any properties where there is a rent guarantee payment due today will appear on this screen

• You can also select a date to include future invoices by selecting a Due Date

• Create Post to raise the rent guarantee invoices

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From the supplier record,

to see the invoices raised

:

• Click Transactions

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2. Paying Rent Guarantee invoices

Each time a tenant pays rent inside of the Rent Guarantee dates, the rent will be transferred to the Supplier ledger

To avoid having to manually allocate each receipt, from the supplier record:

• Right-click Payments and select Consolidate Cleared Funds

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• Click Yes to consolidate the multiple receipts into a single amount

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3. Receipt payment

• Right-click Payments and select Supplier Receipt

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• Click Yes to Allocate now
  The consolidated funds can now be used to pay the Rent Guarantee invoices

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4. Landlord Transactions

• A Rent Guarantee credit will now be

• on the landlord

• record, this will be included in the Landlord Payment Run