Overview: Rent Tax

In this article, we'll cover how to charge your tenants for Rent Tax. Before we go ahead and configure it, please keep in mind that once enabled. The rent tax will be applied to every unit existing at your facility. We will cover how to exclude specific unit sizes from the Rent Tax or include/exclude individual units from the Rent Tax.

NOTE: While not common, you can also configure your Rent Tax as a Monthly Charge and avoid touching these settings.

Configure your Rent Tax

• Configuration > Site Setup > If you have multiple sites, click Edit on the correct one > Financial Setup (tab) > Edit your Rent Tax as needed:
  
• Once configured, your units can be reviewed, and similar to what is shown below will be seen:
  

Exempt Unit from Rent Tax

Existing Unit

1. The unit I used in my above example is 1-NEW, so I will be clicking on the unit.
2. Click on Change Info > Misc (tab)
3. Under Profile select:
   • Government Tax Exempt
   • Non-Profit Tax Exempt
   
4. Click OK, when ready. Below are the new results:

New Unit

1. During the move-in process, you will do the same as in step 3 for Existing Units.
2. Under the Financial (tab), you will see the TAX reflected, but it will not be included in the balance.
   
   When the move-in completes, the tenant will reflect only the Rent.

Exempt/Include Unit Sizes from Rent Tax

1. Configuration > Site Management > Unit > Unit Types (tab)
2. Find the unit size you want to exempt or include from Rent Tax, and click Edit:
   
   • If checked, then RENT TAX will be applied to all units. Excluding those with:
     • Government Tax Exempt
     • Non-Profit Tax Exempt
   • If unchecked, then RENT TAX will not apply to all units.

If you need help, please feel free to email us at [e-mail].