Settling costs with owners

You can charge and collect payment for cost items on behalf of the owner. These cost items have to settled with the owner. Which cost items need to be settled with the owner is specified in the owner's agreement (if specific for the owner) or in the commission agreement (if applicable to all owners with this commission agreement). These cost items are then included on the owner's rent settlement.

Example:

Suppose the owner takes care of the cleaning work themselves. Then you want to pass on the costs the guest pays for cleaning to the owner. This may also apply to energy surcharges, and sometimes pet costs.

Settle costs in commission agreement

Open the commission agreement or create a new commission agreement. Under Settle costs with the owner, select the relevant cost item and enter the percentage you want to pass on to the owner. The advantage of setting this via the commission agreement is that it applies to all owners covered by this commission agreement. If a cost item does not need to be settled for all owners covered by the commission agreement, settle it in the owner agreement.

Settle costs in owner agreement

To do this, open the object and go to the owners tab. Click new to create a new owner agreement or click the start date and then edit to make a change to an existing agreement. Under Settle costs with the owner, select the relevant cost item and enter the percentage you want to pass on to the owner.

Once you have included the cost items to be settled in the commission agreement, you will see these reflected in the owners' agreement. If you adjust the percentages of these cost items in the owner agreement, this will overwrite the settings in the commission agreement. So, it is possible to set cost item A at 100% for all owners in the commission agreement, and then adjust cost item A to 50% in the owner agreement of Owner Z, to deviate from the setting in the commission agreement.