4.2.8 STEP 8 - Ground Rent Collections

4.2.8 STEP 8 - Ground Rent Collections

Access via the menu option: Finance -> Set-Up -> Ground Rent Collections
To watch a video on how to carry out this process, please click on this video:  Step 8 - Ground Rent Collections
The Ground Rent demands are not based on the budget but rather on amounts that you specify:

  1. Frequency of Collection – The frequency of collections during the year (the options are Annual, Biannual and Quarterly)
  2. Due Dates – The dates when ground rent is due to be paid by the unit holder
  3. Ground Rent Review Date – The date when rents are to be altered or reviewed. If, when ground rent demands are being produced, this review date is in the past, then the user will receive a warning message informing them to check the ground rent amounts, before they produce the new demands.
  4. Ground Rent Amounts– The amount of ground rent to be collected on an annual basis
Once  the setup has been done, then the Ground Rent Collections are added into the Fee Collections screen from where you can produce them:


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