Fees and Expenses are charges applied to the landlord account in relation to the selected property.

Recurring Fees or Expenses can be applied as follows:

• Identify the Property instance
• Select the Fees / Expenses tab
• Specify whether a Fee or Expense is to be applied
• Select a type of Recurring
• Indicate how frequently the charge should be applied, e.g. 1 Month means that the charge will be applied on a monthly basis.
• Specify the date on which the first charge should be applied. This cannot be a date in the past.
• Specify the Value of the charge to be applied.
• Provide a charge Description
• Click on the Add Fee / Expense button

Notes

• Newly added schedules will not apply fees or expenses retrospectively, regardless on the Start Date.
• The deletion of existing fee schedules will not delete fees that have been already been applied.

Field Definitions

Fee / Expense

Fees and expenses differ in that expenses do not form a source of revenue for your letting agency. As a consequence sundry fees will be listed in the management revenue report whereas expenses will not.

Value

The value of the sundry fee - a numerical value.

Date

This is the date on which the sundry fee was applied.

Description

A description of why the sundry fee was applied.