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Setup Questions Late Notices

Questions in this section are intended to help you make decisions about your setup. The questions follow the pattern detailed in the field list that is associated with the task.

Field List

Refer to the following field list for more information: Late Notice Tab.

Instructions

1. Print this topic. Right-click this topic to display a pop-up menu, and then select Print.
2. Confirm that you have read the setup details on the topic.
3. Answer each of the questions on this page.
4. Use your answers to set up the system.

Questions for Late Notices

To what property does this late notice data apply?

Enter a property name: _______________________

Code:

What identification code do I want to use for the late notice?

Enter a code: _______________________________

Description:

What description do I want to use for the late notice?

Enter a description: __________________________

Minimum Based On:

What base minimum balance do I want to use for this late notice?

Circle one: Balance Due STLC or Current Lease Billings or Current Due This Month or Total Balance Due

Minimum Balance for Notice:

What minimum accepted balance do I want to have before a notice is processed for a lease?

Enter an amount: ____________________________

Date Last Assessed:

On what date were late fees last assessed?

Enter a date: ________________________________

Days Until Late:

What is the number of days past the due date before the system should consider a resident late?

Enter a number: _____________________________

Fixed Charge:

What is the fixed amount if the late charge calculation is a fixed dollar amount?

Enter the amount: ____________________________

Per Day Charge:

What is the per day amount if the late charge calculation includes a per day charge?

Enter the amount: ____________________________

Percentage Charge:

What is the percentage amount if the late charge calculation includes a percentage amount of the balance due?

Enter a percentage: __________________________

Type of Percent:

What type of balance to use in calculating the late fee if the late charge calculation includes a percentage amount?

Circle one: Balance Due  or Current Due This Month or Current Month Recurring Charges

Percent Over Amount:

What specified dollar amount do I want the system to charge when the percentage on the balance is over this amount?

Enter the amount: ____________________________

Code to Charge Late Fee:

To what income code do you want to assess late fees?

Enter the income code: ________________________

Always Print

Do I want the system to print the notice, regardless of the balance?

Circle one: Yes or No

Letter Code:

What letter do I want the system to print when printing a letter as part of this late schedule?

Enter the letter identification: ___________________

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Late Notice Concepts and Processes