lease renewal fees on increased amount
Currently when the automatic lease renewal fee is used the amount is calculated on whatever the rent is at the lease start date. This causes a problem when their is a rent increase but it doesn't commence until after the lease start date. This will be more of a problem with the legislation in QLD restricting rent increases to every 12 months. It needs to calculate off the upcoming rent increase.
12
votes
Marion Bayliss
shared this idea
-
Lisa Dunham
commented
We have been experiencing issues where we charge 1 weeks rent as a renewal fee. PT has been charging the incorrect amount and we cannot find where it is pulling the rent amount from as it is not the current rent, advertised amount or previous amount. This needs to be dealt with asap.