To Increase rent follow the steps below:-
- In the Dashboard click on the left sidebar
- Within the left side bar click on “Guest Applications”
- Select the particular property you want to Request for additional information. Click on “View Action”
- Click on “View Application”
- On the right sidebar, you will find “Update Rent“
- Select “Increase Rent”
- Rent Increase Effective Date (mm/dd/yyyy): Enter the date when the rent increase will take effect.
- Increment Amount (CAD %): If there’s a specific increment amount associated with the rent increase, enter it. (Specify whether it’s in Canadian Dollars (CAD) or a percentage % )
- Rent Increase Notice Date: Enter the date when the notice of rent increase will be sent to the tenant.
- Days Prior: Indicate the number of days in advance the notice will be sent.
- Current Rent: Display the current rent amount for reference.
- Setup Reminder: User or Guests
- Automatically Update Invoice: If yes, explain that invoices created after the specified date will reflect the updated rent amount. And, If no, inform the user that manual updates to invoices will be required.
- Click “save” to save the changes.
