I have rent increase coming up on a tenant. How is the best way to do this?

mcmvols
mcmvols Quicken Windows Subscription Member ✭✭
edited May 2022 in Business and Rental Property Tools (Windows)
I have rent increase coming up on a tenant. How is the best way to do this?
Tagged:

Answers

  • mcmvols
    mcmvols Quicken Windows Subscription Member ✭✭
    Do you have to end the lease and start a new one for that tenant? Or can you just increase the rent from a point/date going forward without ending the current lease and keeping the past history?
  • Quicken Jasmine
    Quicken Jasmine Quicken Mac Subscription Alumni ✭✭✭✭
    Hello @mcmvols,

    Thank you for contacting the Quicken Community with this question, I would be happy to help you. 

    There is not a specific area for "Rental Increase", however, details on rent and lease terms can be edited by navigating to Rental tab > Properties & Tenants > Show Tenant List > Select the tenant to modify and click Edit.

    I hope this helps! 

    -Quicken Jasmine

    Make sure to sign up for the email digest to see a round-up of your top posts.

  • mcmvols
    mcmvols Quicken Windows Subscription Member ✭✭
    Once you edit the tenant as described, does this change all the past history or does this just modify the rent going forward? I do not want my history to change, such as showing late fees for all the past rent payments.
  • Quicken Jasmine
    Quicken Jasmine Quicken Mac Subscription Alumni ✭✭✭✭
    Hello @mcmvols, 

    The history should be posted and saved as transactions in the register so editing the tenant should not affect the history, only future transactions, and information. 

    I hope this helps!

    -Quicken Jasmine

    Make sure to sign up for the email digest to see a round-up of your top posts.

This discussion has been closed.

Categories