Summary State based legislation will guide you on increasing/decreasing the rent during the tenancy renewal process. You will need to conduct your own investigations regarding appropriate rent and then update the Rent Schedule in Property Tree. Covered in this article: Rent Review Report Enter Revised Rent Record Rent Review Conducted Rent Review Report To generate a list of Tenancies due for Rent Review go to: Trust & Reports > Tenancy > Tenant Rent Reviews Select a trust (if applicable) Select Portfolio Select Rent Review Date format you wish to report based on Tenancy Type : Current Select a Property Type Enter a Date Range Click on Search You can then export the results of this report by click on the ellipses (...) to the top right of the search results and select an export option. Here you can also opt to add or remove columns. Enter Revised Rent To add a rent change go to: Tenancy Profile > Lease & Rent Tab > Rent Schedule Click the + icon to the top right of this section Choose the Effective date that the new rent commences on. Dates either a yellow box around them indicate dates to keep the rent on the current cycle Enter the amount of the new rent Select the rent period (frequency) Click Save The Effective period showing as Current, is the rent the tenant will continue to pay up to the end date of that Schedule. The new Rent Schedule commences from the Effective date shown in green. Record Rent Review Conducted The next step needs to be completed, even if you are not changing the rent or payment frequency. On the Tenant Profile go to: Lease & Rent Tab > Lease & Rent Information Click on the edit pencil to the top right of this section Update the Last Rent Review date (the date you conducted the review) Update the Next Rent Review date (the next time you will need to conduct a rent review). Click Save

Conduct Rent Review

Last updated on May 2, 2022 at 1:14 AM

Summary

State based legislation will guide you on increasing/decreasing the rent during the tenancy renewal process. You will need to conduct your own investigations regarding appropriate rent and then update the Rent Schedule in Property Tree.

Covered in this article:

Rent Review Report
Enter Revised Rent
Record Rent Review Conducted

Rent Review Report

To generate a list of Tenancies due for Rent Review go to:

Trust & Reports > Tenancy > Tenant Rent Reviews
Select a trust (if applicable)
Select Portfolio
Select Rent Review Date format you wish to report based on
Tenancy Type : Current
Select a Property Type
Enter a Date Range
Click on Search

You can then export the results of this report by click on the ellipses (...) to the top right of the search results and select an export option. Here you can also opt to add or remove columns.

Enter Revised Rent

To add a rent change go to:

Tenancy Profile > Lease & Rent Tab > Rent Schedule
Click the + icon to the top right of this section
Choose the Effective date that the new rent commences on. Dates either a yellow box around them indicate dates to keep the rent on the current cycle
Enter the amount of the new rent
Select the rent period (frequency)
Click Save

The Effective period showing as Current, is the rent the tenant will continue to pay up to the end date of that Schedule. The new Rent Schedule commences from the Effective date shown in green.

Record Rent Review Conducted

The next step needs to be completed, even if you are not changing the rent or payment frequency.

On the Tenant Profile go to:

Lease & Rent Tab > Lease & Rent Information
Click on the edit pencil to the top right of this section
Update the Last Rent Review date (the date you conducted the review)
Update the Next Rent Review date (the next time you will need to conduct a rent review).
Click Save