How are management fees calculated?

ForProperty managersProperty owners

Who can do this

Organization admins set them; owners see them on statements.

Where to find it

Property → Contract Details (chapter 03); defaults in Settings → Accounting → Management fee defaults (chapter 09).

Steps

  1. Each owner contract sets the fee: Percent of collected rent, Flat monthly or Hybrid · flat + percent, an optional Minimum monthly fee, a Reserve minimum, and optional event fees (leasing, renewal, vacancy and others).
  2. When rent is recorded or paid online, Kera takes the fee automatically and posts it as your revenue, with GST/HST when you're registered.
  3. The rest is owed to the owner and shows on their payable page and statement.

Limits

Fees are taken when rent is collected, not when it's charged.

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