How to Collect a Lease Fee or Renewal Fee

This article shows you how to collect a lease fee or renewal fee that is charged to the owner/portfolio

  1. Navigate to the current lease you are want to collect the fee
    1. Click on Leases on the left side
    2. In the lease search box, search for the address or tenant(s)
    3. Click on the lease when you have found the correct lease
  2. Once in the Lease, scroll down until you get to the Lease Fee or Renewal card section. Select either Collect Lease Fee or Add Renewal depending on what you are trying to accomplish
  3. When collecting lease fees, Rentvine will automatically calculate the lease fee based on the settings set on the management fee profile.  *Note: you are able to edit the amount here. When you are content with the amount, choose Collect
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  4. For adding a Renewal fee, enter a renewal date, along with the rest of the fields below, and toggle Charge Renewal Fee on. Enter the Renewal Fee amount along with the date posted and select Save. *Note the Date Posted will be the date the Renewal Charge will be posted/charged
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  5. After collecting either a lease fee or a renewal fee, the money will automatically be transferred from the owner's ledger to your manager ledger. You will notice an increase to the manager ledger and a decrease to the owner's ledger