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Early Payment Rent Discount

Learn to set up and manage early payment rent discounts, add negative line items, and automate discount removal for overdue payments.

Written by Conor Taliancich

Add a Discount to a New Transaction Schedule

  1. Go to the tenant’s Future tab.

  2. Click New Schedule.

  3. Enter the initial pre-discount rent amount.

  4. Click Add Item.

  5. Add the discount as a negative amount, such as -50.

  6. Select or create a unique item for the discount, such as Early Payment Discount.

  7. Save the schedule.

Create or Manage Discount Items

To create a custom item such as Discount:

  1. Open any invoice or schedule where items can be edited.

  2. Open the Item dropdown.

  3. Scroll to the bottom and click Manage.

  4. Create or edit the item as needed.

For more detailed instructions, see Editing and Deleting Lease Transaction Schedules.

Add a Discount to an Existing Schedule

  1. Go to the tenant’s Future tab.

  2. Open the schedule you want to update.

  3. Click the edit button.

  4. Click Add New Increase.

  5. Choose when the change should apply.

  6. Enter the discount as a negative increase amount.

  7. Save the schedule.

You can also adjust by percentage if needed.

Set Up an Automatic Action to Remove Late Discounts

To make sure discounts only apply to timely payments, create an automatic action that removes the discount item once the invoice is overdue.

  1. Click your profile menu.

  2. Click Settings.

  3. Click Automatic Actions.

  4. Click New Automatic Action.

  5. Enter a descriptive name, such as Remove early payment rent discount.

  6. For the trigger, select When the due date for a(n).

  7. Set the charge type to Invoice.

  8. Set the date criteria to is overdue by X amount of days.

  9. Enter 0 in the Number of days field.

  1. Click Next.

  2. For the condition, select Transaction is for certain item(s).

  3. Set Transaction Type to Invoice.

  4. Set Amount requirement to Any amount.

  5. Select the unique discount item you created.

  6. Click Next.

  7. For the event, choose Delete the matching items specified in the condition.

  8. Save the automatic action.

For a broader overview, see Automatic Actions.

Important Notes

Payments made through Forte typically take 3-5 business days to process. However, invoices are marked as paid in Property Matrix immediately upon payment, which helps keep early or on-time payment records accurate during processing.

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