TRACS Tab Repayment Agreements Tab Tasks Record an Owner/Agent Repayment Agreement
This task is used to record an owner/agent repayment agreement. Tenants can have multiple repayment agreements.
Occupancy and Compliance Detail TRACS Tab Repayment Agreements Tab Tasks Record 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.
Maintain an Owner Agent Repayment Agreement