Standard and Annualized prorate methods do not apply
to mid-month renewals. Instead, these renewals are based on a daily rate
to ensure the proper renewal amount is being charged.
Prorate Type
Display only. Identifies the prorate type selected.
Mid-Month Renew Date
Enter the mid-month renewal date or click the
Calendar Button to display an on-screen calendar.
Default: Log In Date
12 Month Lease
Current Lease Charge
Enter the rent amount of the resident's current
lease or click the Calculator button to display
an on-screen calculator.
New Lease Charge
Enter the rent amount of the resident's new lease
or click the Calculator button to display an
on-screen calculator.
Renew FFP Begins
The date the renewal first full period begins.
Accept the default date or edit by typing in a different date. Or click
the Calendar button to display an electronic
calendar from which you can select a date.
Default: The first day of the month following
the renewal date entered in the Mid-Month Renew Date field.
Frequency
The frequency in which this amount should be charged.
Accept the default, or click the drop-down to select a different billing
frequency.
Default: Monthly
Current Lease Prorate
The prorated amount of rent charged for the current
lease based on the renewal date entered in the Mid-Month Renew Date field.
The system calculates this amount from the first day within that month,
through the day before the renewal date.
New Lease Prorate
The prorated amount of rent charged for the new
lease based on the renewals date entered in the Mid-Month Renew Date field.
The system calculates this amount from the renewal date, through the day
before the date entered in the Renew FFP Begins field.
Payment Amount
The sum of the charges specified in the Current
Lease Prorate and New Lease Prorate amounts.
Totals
Total amounts are listed for Current Lease Charge,
New Lease Charge, Current Prorate, New Prorate and Payment Amount. These
amounts are calculated as the sum of all recurring charges for each instance.
6 Month Lease
Current Lease Charge
Enter the rent amount of the resident's current
lease or click the Calculator Button to display an on-screen calculator.
New Lease Charge
Enter the rent amount of the resident's new lease
or click the Calculator Button to display an on-screen calculator.
Renew FFP Begins
The date the renewal first full period begins.
Accept the default date or edit by typing in a different date or clicking
the Calendar button to display an on-screen calendar.
Default: The first day of the month following
the renewal date entered in the Mid-Month Renew Date field.
Frequency
The frequency in which this amount should be
charged. Accept the default, or click the drop-down to select a different
billing frequency.
Default: Monthly
Current Lease Prorate
The prorated amount of rent charged for the current
lease based on the renewal date entered in the Mid-Month Renew Date field.
The system calculates this amount from the first day within that month,
through the day before the renewal date.
New Lease Prorate
The prorated amount of rent charged for the new
lease based on the renewals date entered in the Mid-Month Renew Date field.
The system calculates this amount from the renewal date, through the day
before the date entered in the Renew FFP Begins field.
Payment Amount
The sum of the charges specified in the Current
Lease Prorate and New Lease Prorate amounts.
Totals
Total amounts are listed for Current Lease Charge,
New Lease Charge, Current Prorate, New Prorate and Payment Amount. These
amounts are calculated as the sum of all recurring charges for each instance.
MTM Lease
Current Lease Charge
Enter the rent amount of the resident's current
lease or click the Calculator Button to display an on-screen calculator.
New Lease Charge
Enter the rent amount of the resident's new lease
or click the Calculator Button to display an on-screen calculator.
Renew FFP Begins
The date the renewal first full period begins.
Accept the default date or edit by typing in a different date or clicking
the Calendar Button to display an on-screen calendar.
Default: The first day of the month following
the renewal date entered in the Mid-Month Renew Date field.
Frequency
The frequency in which this amount should be charged.
Accept the default, or click the drop-down to select a different billing
frequency.
Default: Monthly
Current Lease Prorate
The prorated amount of rent charged for the current
lease based on the renewal date entered in the Mid-Month Renew Date field.
The system calculates this amount from the first day within that month,
through the day before the renewal date.
New Lease Prorate
The prorated amount of rent charged for the new
lease based on the renewals date entered in the Mid-Month Renew Date field.
The system calculates this amount from the renewal date, through the day
before the date entered in the Renew FFP Begins field.
Payment Amount
The sum of the charges specified in the Current
Lease Prorate and New Lease Prorate amounts.
Totals
Total amounts are listed for Current Lease Charge,
New Lease Charge, Current Prorate, New Prorate and Payment Amount. These
amounts are calculated as the sum of all recurring charges for each instance.
Comments
Open text field used to enter comments or notes
relevant to the lease renewal prorations. Information added here displays
on the Renewal Prorate Calculator Report but does not affect the calculation
and are not saved to the database.
Note
Fields