When a tenancy term starts mid-billing cycle, Re-Leased automatically generates a partial invoice for the period from the term start date to the end of the first partial billing period.
When a Partial Invoice Is Generated
A partial invoice is created at the start of a term when:
The term's start date does not align with the invoicing frequency set in the rent or outgoings template.
The billing cycle's first full day or first invoice date occurs before the term start date.
How the Partial Amount Is Calculated
The formula is: Annual Amount ÷ 365 days × Days in the partial period
Example:
Term start date: 1 August
Invoice frequency: Monthly on the 20th
First invoice date: 20 July
Result: a partial invoice is generated covering 1 August to 19 August. The next full invoice covers 20 August to 19 September.
In Europe, "Outgoings" are referred to as "Service Charges". For more information, see our Glossary of Regional Terminology.