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Scenario; Tenant purchases an item that needs paying back to them from the landlord

Scenario

A tenant has paid £20.00 for the new bath hose themselves and now requires reimbursing from the owner. What is the best way to deal with the reimbursement?

 

Answer

  1. Add a credit note to the tenant statement so it deducts from the rent how to issue a credit note 
  2. Add a disbursement to the owner statement for the hose, this will debit this amount from the owner
  3. If the management fees are based on receipt of funds then add to the owner statement a management fee for the £20.00 to adjust for lost fees

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