Rent reviews for both commercial and residential leases are subject to reviews as stated in the contract. Often commercial contracts will have multiple rent reviews during the course of the contract.
How does a rent review work
A rent review will be created with a:
notice period – The notice period is the time period before the due date of the review you want Arthur to remind you
rent review interval – The interval between the rent reviews
status – When the first rent review date is due today the status of the rent review will automatically move from status= not due >status = pending. When the first review status is set to completed the 2nd rent review will be automatically created
Where can you quickly view rent reviews
The dashboard shows rent reviews pending and in progress
Where can rent reviews be added
At the point of adding a tenancy
From within a tenancy
From within the rent review index page
On completion of an existing rent review
Where can all the created rent reviews be viewed
From the rent review index page
What functions are available from a rent review screen
Edit rent review>status to completion and the ability in that flow to create the next one
Post a message to the tenant in the tenancy
Print a comparable report
Adding to or removing the default list of rent review types
Go to settings>rent review types>edit or add
What automation can be created with rent reviews
Create a rent review task
Create a rent review reminder by email, notification or text in advance of the review or on the day of the review to:
Property manager
Tenants
Owner
Agents
Set the default number of days in advance for an expiring rent review date
This allows automated reminders to be sent at a default number of days in advance to the review date. This can also be achieved by using triggers. This is linked to understanding events and actions
Property manager
Tenants
Owner
Agents
The rigger is a timed trigger based on the rent review date. In this example, we have set the condition for a rent review in two months
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