Floats

A Float is a means of holding back Rent for a Landlord to cover the cost of any possible future expenses.

The amount of the Float to retain is set against each Property on the Details #3 screen.

When performing a Payment Run, the Float will be deducted from the Balance Due to the Landlord and appear as a Balance Brought Forward credit Transaction in the Client Bank Account.

The Float retained will also be printed on Statements produced for Landlord.

Returning Floats

To return the float remove the Float amount by changing it to £0 in Details #3 of the Property or Contact → More Details → Consolidated Float Amount and it will include it on the Payment Run.