Rent Increases

Increase rents based on last increase date
Through the dashboard residential/commercial residency tables select the Increase tab. Here any lease that is eligible for a rent increase based on your lease expiry threshold setting will be displayed.

To apply rent increases:

1. Select the units that require an increase and click on Increase Rent
2. Enter the effective rate change date and either an amount or a rate 

3. Review the schedules rent changes and edit as needed, the list can be exported to csv if required. Click Finish to apply the change to the leases.


Increase rents across a single property 
An increase by rate or flat amount can be made to the base lease amount for each active lease on a property.

1. On the side menu, click Properties.

2. Locate the property where you need to update the information and select Update Rents from the kebab menu for that property. 

3. Select the date that the rent change will take effect in the Effective Rate Change Date field.

4. Enter the Lease Increase Amount or Fee Rate and click Next.

5. Review each unit and change any units individually. 

6. When finished, click Save.

Increase rents on a single lease 

To increase the rent on a lease:

1. Locate the lease and click on the Financial tab
2. Click on the 3 dot menu next to Rent Rate Schedule and select Edit

3. Click Add Scheduled Change and enter an effective date and the new base rent amount. Click Save.