Monthly Tasks

See Tenant Management for a complete list of all functions relating to tenants.
We recommend the following schedule. We recommend to spread out your tasks over the course of the month so you don't feel a crunch at the end of the month.

Day of month	Function	Description
1st-3rd	Monthly Payments	Input, in batch mode, tenant rent payments
3rd-4th	Late Payment or N4 Notices	When tenants have not paid rent, it is important to send them notice as soon as possible to speed up rent collection.
Various	NSF Charges	If any cheques come in that are NSF, you must tell the system about them.
Middle of the month	Increase Notices	According to the LTB, you must send a notice of a rent increase at least three months in advance to the tenant.
Middle of the month	Apply New Rents	For all tenants whose rent who were sent rent increase notices, you must tell the system to actually increase their rent the month before.
At the end of the month (28th)	Monthly Charges	Charge all tenants their monthly charges. This will also perform any future move in and move outs as required.

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