To control rent updates and contract maturities, go to the Contracts tab on the left menu.
In this tab you will see a list of all contracts on the platform. You can also review management contracts or third party contracts.
Click on Filter on the right side of the screen to filter by type of contract, expiration or next deadline date, tenants, etc. For example, filter those renewing next month to update the rent.
Once the results are filtered, click on the left-side checkbox of each contract card or in the Select all one above to indicate which rents will be updated.
Once you check them, next to Select all there is an option to update the rent, an icon with the shape of two semicircular arrows. Click there to update the rent. You can choose to record a past update (record an occasional rent) or schedule a future update.
Record an occasional update
If you want to record a rent update that applies with a past date, indicate the type of revision. If you choose IRAV or CPI, a list will appear with the different percentages applied in the previous months to choose the one that applies and the date of the revision, which must be a past one. If you choose Agreement, you can indicate any percentage or amount that increased the rent on the date of the update.
Schedule a future rent update
If you would rather set up an automatic update of the rent in the future, choose the Schedule future update option. Choose whether it will be a CPI, IRAV or agreement update. If you choose the IRAV/CPI options, indicate the date of the next update and we will apply the percentage provided by the INE for the last 17th day of the month. For example, in the image the rent will be updated on June 1, so the IRAV published on May 17 will be applied.
You can schedule the recurring update with the same date for future years and same conditions. It is mandatory to indicate a date until which the update applies if the recurrence option is indicated. Every year until the end of the scheduled update the rent will be updated according to the percentage provided by the government.
Notify the tenants
Once this is done, if you have scheduled an update, choose whether to send the tenants a communication to inform them of the rent update. Indicate the message they will receive and the date the message should be sent. Once you click on Update, the rent will be automatically updated on the revision date.
⚠️Communications are only received by tenants whose settings allow them to receive communications and updates.
To check past and scheduled rent updates, click on Rent updates on the left side of the screen.
