Prepayments
Prepayments are advance rent amounts that the lessee pays during the settlement period. These are agreed upon in the lease and reduce the final turnover rent amount to be settled at the end of the period.
• If prepayments are agreed, they are deducted from the total calculated turnover rent.
• If no prepayments apply, you must still create a turnover rent line and set the amount to 0 (zero), to indicate that no prepayment was made.
Both prepayments and settled turnover rent amounts are linked to lease lines marked as Turnover rent line.