Set up recurring charges based on your use of concession charges.

• If you are not using a separate concession charge type, follow the steps in Option I.
• If you are using a separate concession charge type, follow the steps in Option II.
• If you need just a one time concession or credit, refer to How do I enter a one time credit, concession, or free rent for a tenant in Property Management?

In this example, rent starts on 11/1/2023. Abatements are on the first month and 13th month of the lease.

Option I: You are not using a separate concession charge type

1. Set up the recurring charge as follows in the charge log (Tasks, Manage Lease, Change Lease, Recur Chgs, Charge Amount(s)).
2. Charge Type RENT, Amount $500, Next Date 11/1/2023.

Option II: You are using a separate concession charge type

1. Set up two recurring charges.
2. Charge Type RENT, Amount $500, Next Date 11/1/2023.

   Effective Date	Amount	Source
   11/1/2023	$500.00	Original Amount

3. Charge Type CONC, Amount -$500.00, Next Date 11/1/2023, Terminate Date 12/1/2024.

Tips:

• If you want the rent and concession to appear as one item on the Open Item Statement, then when setting up the charge type for your concession, you will enter the Summary Charge Type the same as Summary Charge Type for the charge you are reducing. For example, if the concession is for RENT and the RENT charge type has a Summary Charge Type of RENT, then on the concession charge type you would enter a Summary Charge Type of RENT. If the RENT charge is $1000 and the concession is created for -$50 with a Summary Charge Type of RENT, then on the Open Item Statement the RENT would appear as one item for $950.00.
• If you want to itemize the rent and concession separately on the statement, then when setting up the charge type for your concession, enter the Summary Charge Type the same as your concession Charge Type. Do not enter it with the same Summary Charge Type as the charge you are reducing.
• Refer to How do I set up a new charge type in Property Management? for instructions on creating a new charge type.
• If the concession or abatement is temporary, specify a Terminate Date on the recurring charge to stop the concession. The date is a "to date", not a "through date", so if the credit should continue through 08/31/2023 enter the Terminate Date as 09/01/2023. If it is entered as 08/31/2023, the credit will be prorated through 08/30/2023.