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

mcmvols

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

mcmvols

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

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! 

mcmvols

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

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!