Enter a rent adjustment in Settlement Financials

Rent is a type of Settlement Financial adjustment item designed to calculate for rent that is already paid to the Vendor who needs to adjust a portion back to the Purchaser at settlement. 

1.    Open a Matter from the triConvey Desktop App.

2.    Double-click Settlement Financials.

3.    From the Settlement Financials window, click Add Adjustment Item.

4.    From the Type drop-down select Rent or Occupation Fees.

5.    From the Title drop-down select either Rent or Occupation Fees.

Tip:  If selecting Rent from the Title drop-down, ensure to change Payment for to Rent.

6.    Enter the settlement date or adjustment date in the first date box at Adj. Period from.

7.    Enter the last date that rent is paid to in the second date box.

Tip:  If the adjustment is to include the date that rent is paid to, ensure to leave Include end date checkbox ticked.  Otherwise, untick the checkbox.

8.    Enter the Amount of rent paid and select whether it is paid per week, fortnight, month or quarter.

Tip:  The Description, Payable By and Amount of the adjustment will automatically populate.

9.    Tick the Plus GST checkbox if applicable.

10.  Complete Payment Details if required.

11.  Select Save.