You can apply two types of charges to a property, and you may set these up as single, one-off charges, or you can add them to apply repeatedly on a regular schedule:
Fee or expense - what's the difference?
A fee generates income revenue for the agency, and will be subject to VAT if applicable.
An expense is incurred by the agency and that cost is passed on to a third-party for payment; it does not generate additional revenue for the agency.
There are a number of preset charge types which you can apply, or you can define your own property charge types.
Fees
- Letting (this is for arranging a tenancy, and must have an associated tenancy selection)
- Sourcing (for finding a suitable property to purchase and manage)
- Management (for property management - also see automatic management fees)
- Maintenance (for property maintenance - also see automatic maintenance fees)
- Other (miscellaneous)
Expenses
- Other (miscellaneous)
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