Introduction

To access Commission tab in Lettings Application, navigate to Lettings - Lettings Application - Lettings Application Detail Page - Commission tab.

The Commission tab will show you the Application numbers. This is also where you can add or edit the splits related to the application. 

Summary

• Commission Tab Overview
• Edit Commission

Commission Tab Overview

Commission Breakdown

In this section you can see the agreed rent, commission revenue before/after adjustment and commission rate:

Pay To List

This list represents the parties who will receive a payout as part of the revenue breakdown for this application.

Edit Commission

To add or edit commission, click on Edit at the top-right corner of the tab:

A pop-up window allows you to configure following information about commission:

• Agreed Rent and Commission Revenue

  • Commission Rate will be calculated based on these two numbers

• Add/Deduct Before Splits

  • You can use this section to deduct from or add to the Commission Revenue listed above. And the Commission Revenue After Adjustment will also be displayed here.

• Splits

  • Add each party who is to be paid from the "Commission Revenue After Adjustments"(above). If the "Commission Revenue After Adjustments" is to be split between multiple parties, add each of them along with the amount they are to be paid. Any "Commission Revenue After Adjustments" amount not accounted for in the Splits section will be considered "Expected Team Revenue".

• Add/Deduct After Splits

  • Use this section to deduct from or add to the expected earnings of anyone listed in the Splits section above. This will determine the final individual payments to be made to/from each party involved in this application, which will be visible below in the Payment Summary section.

• Payment Summary

  • This section shows the final individual payments to be made to/from each party involved in this application.

Questions?

If you have any questions about this topic or anything else, please get in touch with our Support Team. You can email us at <Support@LoftyWorks.com> or call us on +44 330 321 3500.