Commercial Tenants paying Management Fee
• ability to charge Commercial Tenants any Fees, such as Management Fees that are 100% payable by tenants
• and have those fees recorded on Agency Income reports and stats
• the invoice date & due date are also very important, with a proper Tenancy Invoice Due Date, NOT “Tenancy Invoice Due Date ## Days” after issue – this formula does not work – not even with the current PT Recurring Creditor Invoice
Currently,
• to charge such fees we need to create one-off invoices (because recurring invoices doesn’t work for this scenario). However, this is still not a solution, because it does not capture the fees on the Agency Income report and stats.
• The transaction needs to be done manually each month – this is not only time consuming but leaves a much larger margin for error
1. For one tenant there can often be more than one fee that is the same each month, for example:
a) Commercial Management Fee payable on Rent – (same monthly fee amount)
b) Commercial Management Fee payable on Outgoings – (same monthly fee amount)
c) Commercial Management Fee payable on Car Bays – (same monthly fee amount)
Pam Hatwieger
shared this idea