Interest on arrears
Having a tab where you can charge interest on arrears owing (whether invoices or rent)
Leo Romero
shared this idea
The Product Team are currenting reviewing this suggestion.
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Danny Yap commented
Yes please introduce this function. It is crucial to leases, particularly commercial ones and other software has it
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Kimberley Meldrum
commented
I made an enquiry with Property Tree this morning about having an interest charge set up in the system for Commercial arrears and was advised to submit my vote through here. If this could please be looked into and set up as an automatic feature charged at the % rate as per the lease until the Invoice is paid would be great.
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Maria Polistina commented
This is an essential part of Commercial/Industrial Property Management. Interest on arrears is in every lease agreement so why would you have this function on Property Tree?
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Paul Abel
commented
Please make this happen. I've never used a program that does not have this function. Dealing with commercial arrears is nightmare enough with PT.
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Bronwyn Herrmann
commented
I cant find where to charge the interest on late rent. REST worked it out for you. Where do I go to in the program?
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Robert Tomasello
commented
it will save me hours of work
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Robert Tomasello
commented
Silly not to have a multimillion dollar program not do this