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How to create a rent reduction/holiday

29 October 2021

Photo by Max Vakhtbovych from Pexels

You can create a rent reduction or holiday by following the steps below

Step 1: Go into your chosen tenancy

Step 2: go to Settings

Step 3: select Rent Settings

Step 4: select Rent reductions and holidays

Step 5: Add the start and end date for the rent reduction (If the reduction is ongoing you can leave the end date blank) Also add what the new weekly rent should be during that time along with a reason for the reduction.

Step 6: Select Preview and view the rent statement below to make sure you are happy with how the changes appear

Step 7: Once you're happy with the changes, Select Save

Step 8: As this is a variation to your tenancy agreement that needs to be recorded, you will need to select one of three options.

A) Generate and e-sign an amendment. once done your tenant will get a notification to sign this as well

B) If you already have your own amendment signed by all parties you can upload this by selecting Browse to choose your file then Upload

C) You can choose to upload or create this at a later stage.

If uploading your document at a later stage you can do this on the Tenancy agreements page and select Upload amendment or agreement under Tenancy agreements

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