Versions Compared

Version Old Version 12 New Version Current
Changes made by

Zach Lenart

Former user

Saved on

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.
Repayment Agreements track the amount a tenant has paid toward their pre-negotiated and signed agreement. This feature allows the user to setup an agreement
, enter payments made toward the repayment plan,
and view the tenants history of repayment via Repayment tracking account.

Video Demonstration:

View file
name

Set Up New Repayment

Payback Agreement.mp4
height250

Image Removed

Step

-

by

-

Step

Guide to

Instructions on Setting Up a

New Repayment Agreement:

Repayment Agreement 

  1. Navigate to the household you want a repayment agreement for
  2. Click the Households Tracking tab.
  3. Click on the Repayment Agreements
link
  1. tab.
  2. Click the "Set up new Repayment Agreement" button. The new Repayment Agreement setup will then run.Image Added
  3. Fill in all required fields:

Image Removed

Step-by-Step Guide to Making a Payment on a Repayment Agreement:

  • Make a payment for the amount that a tenant has paid. 
  • If the household has a repayment agreement, upon completion of the payment, an alert will appear prompting the user to navigate to the tenants Repayment Agreement details page.
    Image Removed
  • Click the "Yes, take me there" button.
  • You will then be navigated to this screen:
    Image Removed
  • Click the "Make Payment Button.
  • Enter the date, amount paid toward repayment agreement, then click the checkmark.
    • The payment will now be listed in the payment history for this agreement, and the new balance will be reflected in the overview for the repayment agreement.

    A. Repayment Agreement Name - Enter a name for this repayment agreement.

    B. Account - Select the HDS Ledger account associated with the unit or loan.

    C. Repayment Agreement Amount - Enter the amount that is to be repaid per the repayment agreement set.

    D. Monthly Payment Amount - Enter the agreed upon monthly payment amount, not including the households usual monthly charges (i.e rent, admin fees, etc.)

    E. Start Date - Select or enter the date that the repayment agreement will be in effect.

    F. Cancel Button - Click this button to cancel the set up of the repayment agreement.




    G. Save New Repayment Agreement Button - Click this button to save the repayment agreement, and you will be redirected to the Repayment Agreement Overview page.


    Image Added

    6. Save New Repayment Agreement. 

    7. Success! You have now setup a Repayment Agreement for your tenant. Note: The amount entered in the "Repayment Agreement Amount" will be added to the Repayment account in the Tenant Ledger. The Monthly Payment will automatically offset back in to the tenant's AR account each month for the specified Monthly Payment Amount until the Repayment Agreement has reached zero. Making any changes to the terms of the Repayment Agreement will stop this automatic process, and the adjustments will fall on the responsibility of the Housing Authority.