Payment from Landlord to Letting Agent
Posted: Fri Oct 27, 2017 6:56 am
Hi,
The arrangement with my letting agent is that they keep a float in the account for any repairs and other payments. Occasionally, the float doesn't cover the repair and so I (as landlord) would have to pay the letting agent to top up the account before they pay the contractor.
What would be the best way to show this? Can I create an invoice for the Landlord (rather than a Tenant Charge or Rental Income invoice)
I don't think a property expense is right as I can't add it to the LA statement.
Also, because this a was a bank transfer from an account, I'd need to be able to reconcile it as well.
Thanks for any help.
The arrangement with my letting agent is that they keep a float in the account for any repairs and other payments. Occasionally, the float doesn't cover the repair and so I (as landlord) would have to pay the letting agent to top up the account before they pay the contractor.
What would be the best way to show this? Can I create an invoice for the Landlord (rather than a Tenant Charge or Rental Income invoice)
I don't think a property expense is right as I can't add it to the LA statement.
Also, because this a was a bank transfer from an account, I'd need to be able to reconcile it as well.
Thanks for any help.