A charge applied to a property may be paid in a number of way; the method or process used will vary depending on the agency's own existing procedures and preferences.
These processes may be used interchangeably within the agency - it's not a case of choosing one or the other every time.
- Settle outstanding charges at the same time as making a payout
- Post a payment to a charge without making any payout
Which property pays the charge?
Obviously a property charge is ultimately due from the landlord who owns the property, but it is possible to fund this charge payment in two ways:
- By default, a property charge will be settled only from funds on that property itself. Many landlords prefer to treat each property in their portfolio independently and do not wish each property's accounts to be mixed with other properties, even though they all belong to the same owner.
- Some landlords are quite happy for funds from any of their properties to be used to pay charges on any others. From their perspective the property portfolio is treated in its entirety, and cross-property payments are fine.
The process for each is much the same, but ticking the "Allow payment of charges from any property?" checkbox will use funds from other properties in the portfolio.