Skip to end of metadata
Go to start of metadata

You are viewing an old version of this page. View the current version.

Compare with Current View Page History

« Previous Version 3 Current »


This guide has been reviewed against our global client base and classed as relevant to all regions

This guide explains how to set up Rent Guarantee where the rent received from the tenant is paid to a company/supplier record - the rent guarantee is then paid to the landlord, from funds held on the supplier

Setup Rent Guarantee details

1. Setup amount, start/end dates & fee

From the property:

  • Click Rent/Fee Details

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


Existing tenancies

If you are entering the details of an existing Rent Guarantee tenancy into the system (e.g. as part of data entry), the Guarantee start date will be the date of the first payment in the system - putting in a date in the past will cause the system to backdate invoices

Create Rent Guarantee invoices

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


 From the supplier record, view Transactions to see the invoices raised....

To see a breakdown of the amount to be raised, double click on the line

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

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

3. Receipt payment

  • Right-click Payments and select Supplier Receipt

  • Click Yes to Allocate now

    The consolidated funds can now be used to pay the Rent Guarantee invoices


4. Landlord Transactions

There will now be a Rent Guarantee credit on the landlord

This will be included in the Landlord Payment Run

  • No labels