Lets look at the example of a tenancy that starts on 1st January with a rent of £1000.00, but where the rent is actually paid 4 weeks in arrears
Create your Recurring Rent Charge in line with the contract but ensure it is “Inactive/Off” when set up.
Go to Tenancies > Recurring Charges > Add Recurring Charge:
Add Grace Days for 28 days so that the rent will not appear as overdue until the 28 days has passed. Go to the Recurring Charges > Grace Days
Select/Enter an amount of Days and Submit.
28 days grace will mean that the rent will be created on the contractual day but will not show as overdue until 28 days has past.
Once Grace Days have been added go back to “Recurring Charge” you created, click on the Drop Down > Edit > Set to On > Save
Go to Tenancy > Statement and you will find the rent laid in but not overdue because of 28 Grace Days
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