How to Charge Commission/Fees to a Property Owner
To start charging commission go to Tenancies>Open/View a Tenancy>Recurring Charges>Add Recurring Charges
Ensure Amount charged uses one of the following calculations:
- Fixed amount – Fixed amount collected at defined intervals (monthly, quarterly etc)
- Fixed % amount – This is a % of the total contract value collected at defined intervals (monthly, quarterly etc). e.g 10% collected quarterly on a £700.00 pcm rent collection on a 1 year contract would be calculated as (12*700) = £8400 rent charged, Divided quarterly=£2100*10%. Total collected £210.00 per quartre
- % based on rent received – % of amount received from the tenant (most commonly used method)
- % based of rent charged- % of amount tenant is meant to pay regardless of what they pay
**Note paid by must be property owner
