To add a PRS management fee to a calculation method

The procedure to add a PRS management fee to a calculation method is as follows:

1. Navigate to Quick Menu > Private Rental Sector > Configuration > Fees. The Fees window is displayed.
2. Select a PRS management fee from the alphabetical list or type its name into the Search for Fees field. By default the list is filtered to show Current PRS management fees. An alternative filter can be applied using the Select view drop-down field: Expired, Future or All combinations 1.
3. Click on New Fee Detail. The Fee Detail window is displayed.
4. Enter the Fee percentage value into the field provided i.e. the negotiated management rate calculated as a proportion of the rental revenue. The Up and Down arrows are available to increment or decrement the value, as required.
5. Alternatively, where the management cost is fixed, but only to be levied once a cleared payment has been received onto the account, enter the Flat rate fee into the field provided 2.
6. Click on Confirm. The new management rate is displayed in the Fee Details summary table.
7. Click on Save.

Note

1 The Search for Fees field will match against any element of the PRS management fee description.

2 In contrast, asset based charges configured for the implementation of flat rate fees are applied to relevant PRS accounts every successive period, irrespective of cleared funds.

See related topics...

PRS fee setting maintenance overview

To create a new PRS management fee calculation method