The procedure to define a bedroom weighted rent cap level is as follows:
- Navigate to Quick Menu > Rents > Configuration > Target Rent. The Target Rent window is displayed.
- Click on Bedrooms. The Bedrooms tab is activated.
- Click on New Cap Level. The Cap Level window is displayed.
- Enter the Number of bedrooms into the field provided.
- Enter the Cap level into the field provided i.e. the maximum rent value levied based on the number of bedrooms.
- Choose an Effective from date for this bedroom cap level i.e. the date on which it came into effect
1.
- Choose an Effective to date if the bedroom cap level is to be reviewed on a specific date or to capture a change of circumstances; a blank field means the cap level will be continually valid.
- Click on Confirm. The new record is displayed in the Bedroom Cap summary table 2.
- Click on Save 3.
Note
1 The Effective from date defaults to the current system date and cannot be left blank.
2 Only one cap level can be effective for the same number of bedrooms at any one time; where dates overlap the end user will need to revise the entries accordingly.
3 To amend the details of an existing cap level, double-click on the desired row in the Bedroom Cap summary table and repeat steps 4 through 9.
See related topics...
Rents setting maintenance overview
To create a target rent bedroom weighting
To create a national average target rent
