Rent Adjustments
Overview
A rent adjustment is a oneoff or temporary adjustment to the agreed rent payment.
Rent adjustments should be agreed with your tenants beforehand and are usually used for discounts (eg on the first two months of a tenancy).
You may also use them to charge a tenant extra - again, make sure your tenant is expecting this!
Recording a Rent Adjustment
Start from the Tenant Overview and find the relevant tenant, then click the eye icon next to their tenancy info.
Now click the rent tab to see information about their tenancy and rent payments to date.
Or, from any other tab within a tenancy view, click Rent.
Click Add one-time rent adjustment and fill out the form:
- Date - the date the adjusmtent is being applied.
- Amount the amount of the adjustment. If you are adding a discount, enter a negative number. If the tenant owes you money, add a positive number.
- Description - why the adjustment is being added.
- Expense - if this relates to an expense on the property, select it from the menu. Otherwise, leave blank.
Click Save to store the adjustment. PaTMa will update the rent log accordingly.