Increase Information

This is the Increase Information window, reached through a tenant's Other Information subscreen of the Tenant Editor screen, or through the Increase Notices screen. Here you can change the rent defaults and LMR increase information for an individual tenant. Individual fields are defined below.

Increase In

This is the tenant's increase month. This is the same as Rent Increase Month in the tenant's Other Information.

LMR Action

This is the action to take for the LMR interest.

Name_of_the_Option	Description
Building Defaults	Use the building defaults of LMR action. See Building Defaults screen for information on setting the building defaults.
Increase Current LMR	This will add all LMR interest to the LMR deposit. The new amount will appear in the tenant's Other Information screen.
Issue credit, send letter	Issue a credit in the rent increase month for the difference between the LMR interest credit and the amount required to update the LMR to the new rent, and optionally send a letter to the tenant.
Issue cheque, send letter	Issue a check in the rent increase month for the difference between the LMR interest credit and the amount required to update the LMR to the new rent, and optionally send a letter to the tenant.
Do nothing	Do nothing to the tenant's LMR credit. Choose this option if tenants need not recieve interest on their deposits.

Letter to send

This is the letter to send to the tenant to explain any credits being given to the tenant. Press Change to change the letter you would like to send. It will be saved to the tenant's file, under Correspondence. See the Tenant Editor screen for more information on viewing tenant's file.

Letter Action

This defines what you would like to do with the letter being sent to the tenant. If you want only to save it to the tenant file, select Just Save. If you want to print a copy at the same time, select Save and Print. Letters are saved under the Correspondence tab in Other Tenant Information.

Charge Type

Select the charge type from the drop down box to set its increase information. Note : The increase for each charge — Rent Charge, Parking Charge, and Other Charge — is individually set.

Use building defaults/Set manually

This determines the increase on the chosen charge. If you would like to use the building defaults, select Use building defaults. If you would like to set all of the increase information manually, select Set manually.

Increase By

This allows you to specify how you would like to increase the tenant's rent. If you would like to increase it by a set percentage, select Percentage and type in the percentage amount underneath. To increase it by a set amount, select Set amount, and type in the amount underneath. If you want to keep the rent the same, you can set to 0 percent or set the amount to 0.

Automatically decrease rent

This allows you to have Rent Magic automatically decrease the tenant's rent by a certain percentage or amount. If you would like to do this, ensure the checkbox is checked, select the type of decrease you would like to perform, and type in the amount of the decrease in the appropriate box.

Round

This instructs Rent Magic to round the tenant's rent to a specified amount. You can choose if you would like to round up, down, or either way.

New Amount

This is the newly calculated rent.

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