Lease Renewals Part 2
- Figure out who has returned their leases and who has not.
- 1. Check to make sure additional info is correctB. If not returned then
- 2. If there’s is one of the ones that is raised more than that because of a back balance explain to them that the increase is ($25 1 year, or $50 MTM for EIG) or ($20 1 year or $40 MTM for TEC) and the additional money is for the back balance and the overage will be credited to their back balance every month until they are caught up.
- 4. They may negotiate a payment plan with Vera and they must sign a promissory note and return it. If they keep up with it they will not be charged finance charges. 6. Change the memorized transaction is single user mode.
- 2. Update the typed and handwritten spreadsheets as you go along.
- 5. Change the Job info to month to month and change the total to pay to the correct amount.
- 3. If they complain about the finance charge explain to them that if they are on a payment plan and they make their extra payment every month on time they will not be charged a finance charge unless they do not keep up with their payment plan or pay it late.
- 1. Call them to ask where lease is. Explain to them if the lease is not returned then it will be automatically month to month and go up( $50 for EIG,) or ($40 for TEC)
- 2. Change memorized transaction in single user mode
- A. If returned then