Repayment Agreements

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.

Step-by-Step Guide to Setting Up a New Repayment Agreement:

1. Click the Households Tracking tab.
2. Click on the Repayment Agreements link.
3. Click the "Set up new Repayment Agreement" button. The new Repayment Agreement setup will then run.
4. Fill in all required fields:
   
   
   1. Repayment Agreement Name:  Enter a name for this repayment agreement.
   2. Unit or Loan:  Select the unit or loan that this repayment agreement will apply to.
   3. Account: Select the HDS Ledger account associated with the unit or loan.
   4. Repayment Agreement Amount: Enter the amount that is to be repaid per the repayment agreement set.
   5. Monthly Payment Amount: Enter the agreed upon monthly payment amount, not including the households usual monthly charges (i.e rent, admin fees, etc.)
   6. Start Date: Select or enter the date that the repayment agreement will be in effect.
   7. Cancel Button:  Click this button to cancel the set up of the repayment agreement.
   8. Save New Repayment Agreement Button: Click this button to save the repayment agreement, and you will be navigate to the Repayment Agreement Overview page.

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