TRACS Tab Repayment Agreements Tab Tasks Maintain an Owner/Agent Repayment Agreement
This task is used to maintain an owner/agent repayment agreement. Tenants can have multiple repayment agreements.
Occupancy and Compliance Detail TRACS Tab Repayment Agreements Tab Tasks Maintain an Owner/Agent Repayment Agreement
Complete the following fields, and then click Next.
o Contract: Select the contract for the repayment agreement.
o Agreement ID: The system automatically populates the Agreement ID; update if necessary.
o Frequency: Select the frequency for billings or payments of Once, Monthly, Yearly, or Quarterly.
o Payment Start Date: Select or enter the start date for the repayment. The state date much be the first of the month.
o Payment Amount: Enter the amount for each payment.
o Total Due: Enter the total amount of the repayment.
o Note: Enter an explanatory note.
o Note Effective Date: Select or enter the effective date of the note.
o Calculated Entries: Clicking Calculate will display how many periods it will take to bill the total amount of the repayment.
Print the documents, and then click Finished.
