Performing a rent review in Re-Leased updates the tenant's rent amount and automatically generates prorated invoices where the review date doesn't align with the payment cycle.
Before you begin: the rent review updates only the first line of rent in the current Rent & Outgoings template. Additional line items require manual adjustment. You can generate a pro-rata invoice if the review date falls mid-cycle, or retroactively adjust invoices already paid at the old rate.
Initiating a Rent Review
A rent review can be started from a Calendar Dashboard notification or the Rent Reviews tab within the tenancy.
Click Perform Review.
In Has the Rent Changed?, select Yes.
Enter the new Amount or Percentage.
Add any Notes as needed.
Click Continue.
Save the new rent template on the following screen. It applies from the next rent period.
Understanding the Rent Update Summary
The summary screen shows the prorated charges at the old and new rates, and the new rent template taking effect in the next period. The system automatically generates prorated invoices and adjusts any existing invoices as needed.
Finalising the Rent Review
Review the line items for the prorated period showing the old rate, new rate, and the difference still to invoice.
Check any future-dated invoices for the amount still to be charged.
Click Create Invoice to bill the adjusted amount, or Skip if you prefer not to adjust invoices now.
In North America, "Tenancies" are referred to as "Leases" and "Terms & Breaks" as "Terms & Options". For more information, see our Glossary of Regional Terminology.