How to Setup Owner Transfer Charge Type Rules

Vantaca has the ability to automatically apply charged during the resale process. This is helpful both for associations with Working Capital charges, or when you need to add a charge to seller such as a "seller certification" charge. 

To create these charge rules, navigate to Association -> Assessments. 

If you do not already have an Ownership Transfer charge created, you'll do that on this page. For a brief tutorial on creating a new charge, How to Set Up a New Charge or Assessment.

Note: In order to create the rules below, the Type of Charge must be set to Owner Transfer Charge.

Once the charge is created, click on the drop-down arrow to the left of the charge to display the Rules tab.

You can edit an existing rule by clicking Rules. To Create a new charge rule, click the +New Rule button to open up the Edit Owner Transfer Rules screen.

Start/End Date: This determines the date range for this rule to be "active". All rules must have a start date, but an end date is not required.

Charge Amount: This is the dollar amount that will be added to the Owner Transfer screen when the Prorate button is pressed. This number can be edited during the transfer process as well.

Frequency: Is this charge applied to "Every Owner Transfer" or only on the "First Transfer Only". First Transfer Only will apply this charge if the Property is moving from an Empty Lot to an owner for the first time.

Check to Charge Old Owner: With this option checked, a new charge will be added to the Seller ("Old Owner"). With this UNchecked, the new charge will be added to the Buyer (New Owner).

Click Update when you're done. 

For details on how to process an Ownership Transfer, visit How to Process an Ownership Transfer