Deposit Settings

In order for the Application/Lease and Online Application to automatically calculate and apply Deposits it is imperative that these rules are created. Deposits are set up by Charge Code and Feature on a Property Level. If you want to maintain this manually you can skip this step.

 

In order to configure the Deposit rules please follow the following instructions:

 

1) Properties --> Buildings --> Select Building in Question

2) Click on PRODUCT CATALOGUE. (The product catalogue shows all rentable items-- See support site for Product Catalog for help with this). Such as Rent, Parking, Lockers, etc. If nothing is showing up it could be due to the fact that this has not been set up yet)

NOTE: PropertyVista will save the history of rentable items. If a rentable item in the product catalogue EXPIRES it is due to the fact that a change occurred with that specific charge code. Please ensure you choose the latest, ACTIVE, Rentable Item. 

3) Click EDIT

4) Choose what DEPOSITS should apply for this specific charge code. Example: If you have a SECURITY Deposit, choose SECURITY DEPOSIT-->ENABLED: YES . Next, Choose the appropriate CHARGE CODE. IMPORTANT: MAKE SURE THIS CHARGE CODE IS MAPPED CORRECTLY IN YARDI. Next, if applicable, you can re-name this charge code as you wish your residents to see it. Click SAVE. 

5) Repeat these steps for ALL charge codes that are applicable: ie, Parking, Lockers, Rent, etc. 

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request

Comments

0 comments

Please sign in to leave a comment.