How to do a rent incentive in Re-Leased

Option 1 - Create rent for the amount to be invoiced less the rent incentive, you can use negative amounts if you want it to show as a line item on the invoice. Create a second rent template for the full rent amount on the date following the end of the rent incentive. The rent will automatically update to the new rent amount when the invoice is sent to generate.  The system will generate this invoice in advance if set to generate in advance.  The system will automatically email the invoice if set to auto-email.


Example:Tenancy A has a rent incentive of 50% off their rent for the first 6 months. Their rent is of $120,000 per annum.  Create a rent template for $60,000 per annum starting the first date rent is payable.  Create a second rent template for $120,000 with a first rent date of date the full rent is to start.  


Option 2 - Apply a credit note for the rent incentive.  Create a rent template for the full rent amount excluding the incentive.  Create a credit note for the amount of the rent incentive (this can be either the monthly or the total amount).  Once the invoice has been generated apply the credit not to the invoice(s).  The invoices can be generated at that time or as scheduled.  The credit note will need to be applied to each invoice.


Example:Tenancy A has a rent incentive of 50% off their rent for the first 6 months. Their rent is of $120,000 per annum.  Create a rent template for $120,000 per annum starting the first date rent is payable.  Create a credit note for $60,000.  Generate the first invoice for $10,000 and apply $5,000 of the credit note to the invoice.  Repeat for each invoice either in advance or at the time they are raised.