To start charging commission go to Tenancies>Open/View a Tenancy>Recurring Charges>Add Recurring Charges Ensure Amount charged uses one of the following calculations:
- Fixed amount - Fixed amount collected at defined intervals (monthly, quarterly etc)
- Fixed % amount - This is a % of the total contract value collected at defined intervals (monthly, quarterly etc). e.g 10% collected quarterly on a £700.00 pcm rent collection on a 1 year contract would be calculated as (12*700) = £8400 rent charged, Divided quarterly=£2100*10%. Total collected £210.00 per quartre
- % based on rent received - % of amount received from the tenant (most commonly used method)
- % based of rent charged- % of amount tenant is meant to pay regardless of what they pay
**Note paid by must be property owner
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