To define the charge attributes of a rent element

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The procedure to define the charge attributes of a rent element is as follows:

  1. Navigate to Quick Menu > Rents > Configuration > Rent Element. The Element Details window is displayed.
  2. Expand a classification heading from the alphabetical list and select an associated rent charge element, or type its name into the Search Elements field. By default the list is filtered to show Current rent charge elements. An alternative filter can be applied using the Select view drop-down field: Expired, Future or All combinations 1.
  3. Click on Charges. The Charges tab is activated.
  4. Click on New Charge. The Element Charge window is displayed.
  5. Enter a Value for the element charge into the field provided i.e. the charge that will be levied for the rent element. The Up and Down arrows are available to increment or decrement the value, as required.
  6. Using the Frequency drop-down field, select a parameter value appropriate for the element charge e.g. Daily, Weekly, Monthly, etc.
  7. Enter the Last Review Date for this element charge i.e. the date on which a review of the charge was last conducted.
  8. Enter the Next Review Date for this element charge i.e. the date on which the next review of the charge is scheduled.
  9. Choose an Effective from date for this element charge i.e. the date on which it came into effect 2.
  10. Choose an Effective to date for this element charge, as required i.e. the date on which it expires, or to capture a change of circumstances; a blank field means the element charge will be continually valid.
  11. Click on Confirm 3. The element charge is displayed in the Rent Charges summary table 4.
  12. Click on Save.


Note

1 The Search Elements field will match against any component of the charge element description.

2 The Effective from date defaults to the current system date and cannot be left blank.

3 The Updated By and Updated Date fields are automatically populated with the end user account creating the new record and current system date respectively.

4 To amend the details of an existing rent charge element, double-click on the desired row in the Rent Charges summary table and repeat steps 5 through 12.


See related topics...

Rents charge element maintenance overview

To create a new rent charge element

To clone a rent charge element