How to Collect a Renewal Fee

Are you doing a renewal and want to charge the owner a renewal fee? This article shows you how to collect a renewal fee that is billed to the owner.

1. Navigate to the current lease you want to collect the fee for.
   
   1. Click on Leases on the left side
   2. In the lease search box, search for the address or the 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 Renewal card section. Select Add Renewal.
   
   
   
   
   
3. To add 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 charged /billed
   
   
   
   
   
4. After billing a renewal fee:
   • If your Rentvine account is in management fee mode, the amount will automatically be transferred from the owner/portfolio ledger to your manager ledger. You will notice an increase in the manager ledger and a decrease in the owner's ledger
   • If your Rentvine account is in bill management fee mode, a bill will be created for the amounts of the lease or renewal fee.