Setting up initial fees

Lettings fees can be charged as singular or recurring, and Commission fees will be calculated at a percentage of the rent receipted. The steps below outline how you set up the initial fees on a tenancy. 

This article includes: 

• Adding a one off or regular letting fee
• Adding a recurring commission

Adding a one off or regular letting fee

1. Click Property on the main toolbar
2. Select the relevant property from Recent & Favourite Properties
   1. Alternatively, find the property using the Search Properties bar in the top right
3. Click Actions
4. In the dropdown menu, click Charge
5. Click Add Letting Fee
6. The Add Letting Fee for window opens. Confirm the Charge Date is correct, or amend as necessary
7. In the dropdown menu, click the the required Frequency that the letting fee is to be charged
8. Confirm the Rental Amount and Term, or amend as necessary
9. Enter the Letting Percentage
10. Amend the Description, if required
11. In the dropdown menu, amend the VAT Rate, if required
12. In the Collect from Account dropdown menu, click the relevant account to make the deduction from
13. Once you are certain the Total Charge is correct, click OK
14. You can Raise the charge if it's to be applied immediately. Alternatively, you can leave it and Alto will raise it as per the Charge Date or schedule. If the fee is set to recur, the circular arrows will show with the Frequency adjacent 
15. Click Close

Adding a recurring commission

1. Click Property on the main toolbar
2. Select the relevant property from Recent & Favourite Properties
   1. Alternatively, find the property using the Search Properties bar in the top right
3. Click Actions
4. In the dropdown menu, click Charge
5. Click Add Commission
6. The Add Commission for window opens. Amend the Description, if required
7. In the Charged on dropdown menu, click Rent
8. Enter the Commission % amount
9. Slide the toggles to select whether to calculate commission using the Receipt date or the Charge date
10. Tick whether you wish to Deduct from Gross Amount % , if required
11. Confirm the Charge From date and if required, the End Date
12. Once you are certain the commission is correct, click OK
13. The commission will recur each time rent is receipted. This is reflected with the circular arrows and Frequency set to N/A
14. Click Close 

Related articles: 

Setting up an admin fee on a property

Setting up a letting fee on a property

Adding in management fees

Creating and starting a tenancy

Initial settings on a property