California Governor Gavin Newsom has signed SB 709. It’ll take effect on Jan. 1.

Sure wish the Senate had asked someone that operates a facility in California during these discussions if their requirements were possible to fulfill with our current software.  Has anyone started on this yet? I started yesterday and I gotta say, it is very difficult to achieve. We guarantee our rate for 12 months so some of this has been easier than a facility that raises rates within that period. Still not sure how to compute a 12 month total without using a calculator and handwriting the total in!
In this digital world, I'm somehow reduced to writing on the rental agreement, like in the old days! 

storable_support said:

sonyawiprud said:

The new update for this makes no sense, you get the same results from standard monthly rental rate as Max monthly rental rate AND if you have a free month, that keyword states that the max monthly rental rate will be $00.00. It is not designed to calculate a total, this would need to be done at Modify Units and you would need to add 12 periods at move-in....no one wants that. The best way to get better results is to use <Rent.StdMonthlyRate> at the header and then discounted rental rate and then Max monthly: $<tenant.rentalRate> 

Gross Monthly Rental Rate: $<Rent.StdMonthlyRate> 

Discounted Rental Rate at move-in (if applicable): $<Tenant.RentalRate> <Tenant.NonExpiringDiscountPlanDesc>          

Promotion (if any): <Tenant.DiscountPlanAtMoveIn>

Maximum Monthly Rental Rate: $<Tenant.RentalRate> 

You're going to have to write in N/A if there was no promotion at move-in. 

if anyone has a better plan let me know. 

@storable_support

You can set the Maximum Rental Rate at the unit level and then use the new keyword <Tenant.LeaseMaxRentalRate> to pull the max rate into your lease. We put together this article to help walk through how to display this information: https://support.sitelink.com/hc/en-us/articles/37033400309655-How-to-Enter-Display-Maximum-Rent-and-the-Duration-of-Promotions-and-Discounts-on-Leases

How does the new keyword differ from the Standard Monthly Rental Rate keyword? if I use your maximum keyword, it changes the rent to 0.00 for maximum if a free month has been applied at move in, whereas if I keep the standard rate, then it follows suit, showing the maximum rental rate as it should be, your new keyword does not work for me. I followed the guidelines and the best way to go if you have a promotion is to use standard not maximum. 

storable_support said:

@sonyawiprud The maximum rent will default to $0.00 if you haven't gone in and set it yet. The help article I shared has instructions on setting your maximum rent for each unit. Have you updated that field? 

How does the new keyword differ from the Standard Monthly Rental Rate keyword? 

sonyawiprud said:

storable_support said:

@sonyawiprud The maximum rent will default to $0.00 if you haven't gone in and set it yet. The help article I shared has instructions on setting your maximum rent for each unit. Have you updated that field? 

How does the new keyword differ from the Standard Monthly Rental Rate keyword? 

How does the new keyword differ from the Standard Monthly Rental Rate keyword? You get the same results without having to modify units. AND it shows correctly when a free month has been applied at move-in. I don't see the value or benefit in using the new keyword when Standard Monthly Rental Rate keyword is much  more efficient. I don't conduct rate increases throughout the first 12 months,  maybe it's helpful to those that do? Also, there is no calculation button, nothing showing the amount one would pay altogether in a 12 month period, where's the math I thought we were required to show this as well. 

teamcapitola said:

MamaDuke7 said:

I actually just purchased the new Rental Agreement made available by CSSA.  I will be working this week to plug in the appropriate fields in SLWE and have it ready by the end of the year.  

That just seemed like the safest option!

Do you use a hard copy contract (tenant handwrites) or do you print it out for each new tenant through Sitelink Letters?

Thanks again for the referrals BTW! -- I've received the updated/amended lease but may need to migrate to electronic printed lease rather than continuing the "duplicate carbon hardcopy" we've always used. 

Does anyone else think that the new law just complicates things? making the lease harder to understand from a customer standpoint?  I understand the reasoning, but ....

I have yet to find a customer that is interested in reading the agreement, as soon as 18 pages are finished printing they glaze over and roll their eyes, but I have to get signatures and initials on every page.

To be honest, if it weren't for auctions and delinquent people none of this would even be necessary!

This definitely made things more complicated, I don't even understand how they could get such a bill to pass at the senate when no one asked if any software was ready to handle such a change in the rental agreements. Also, who is going to be checking to see if we are in compliance?? end rant. LOL