The steps below show you how to set up the charging of a Letting commission to your Landlord, to show on their Landlord Payment statement.
- Double click Properties from the side menu
- Search for the relevant Property using Search Text by Name, Code or Status
- Alternatively, find the Property using Additional Options from the dropdown menu
- Or select a Branch if multi branch is set up on your CFPwinMan
- The Property Information will display
- Click the Fees tab
- The Man / Let Fees tab will display
- In Letting Fee, the details of the Tenancy are added which calculates the total fee due
- Bank Account - Select the correct bank account, if required
- Rental Amount - Enter the rent amount of the Tenancy
- Period - Enter the period of the Tenancy using the dropdown menu
- Term - Enter the term of the Tenancy
- Total Terms Rent - A calculation based on the details you entered above will be displayed
- Lettings Fee Percentage - Enter the percentage figure as agreed with your Landlord
- Calculated Letting Fee - A calculation based on the Letting Fee Percentage will be displayed
- Fee Type on Letting Fee - Select from the dropdown menu if required
- Period -
- If the Calculated Letting Fee is being charged once, select Single from the dropdown menu
- If the Calculated Letting Fee is being charged more than once, select the frequency
- Next letting fee due Date -
- Change to the date which you want the charge to appear on the Landlord Payment
- If the charge is recurring, it will automatically raise by the frequency you selected
- If the date is removed, no charge will be raised
- Click the disk icon, Save this record, on the toolbar
If the Letting Fee is not based on a percentage, and instead it is a fixed amount, this can be entered as an Additional Fee.
For more information on How do I charge an additional fee to a landlord, click here