Commission agreement for percentage over rent

A type of commission agreement where owners receive a percentage of the rental income, minus a commission that is a percentage over the amount that the owners receive. This is most commonly used commission model.

Go to commission agreements to create a new commission agreement.

Name and settlement settings

After a giving the commission agreement a descriptive name, you need to determine how and when settlements are generated.

  • Settlement method: determines the cutoff dates for reservations to be included in a rent settlement for the owners. Read more about the benefits and limitations of the available options: Settlement method

  • Frequency: How often does a settlement need to be created?

  • Settle relative to agreement start date: Activate to prepare settlements for each full month or other interval, starting on the start date of the owner agreement.

    • This means: settlements will be prepared on the same day of the month that the owner agreement started; i.e. the 15th, or the 2nd.

    • If left inactive, all settlements will be prepared for the first day of a calendar month.

  • Include owner reservations: Enable to also include any reservations by owners themselves in the settlement statement.

  • Invoice template: Usually the standard settlement template

  • Use VAT of ledger account: Only relevant for specific VAT circumstances in Austria, Belgium. Do not enable unless you are sure that you need it.

Settling costs with owner

If there are any costs (paid by the guest) of which the income needs to be (partially) included in the settlement toward the owner, add them here.

  • The percentage indicates how much of the cost item income is passed on to the owner; the rest is retained by the park.

Rent paid to owner and percentage over rent

First, enter the percentage of the rent of each reservation that is paid out to the owner.

  • Take into account that the rent of a reservation is the base rent plus any costs marked 'count as rent', and that the commission is to be deducted afterwards.

  • The name is the invoice line on the settlement.

  • Select the appropriate ledger account.

Next, set the commission percentages to be deducted from the payout in each settlement.
The reservation’s channel (source) may influence which percentage of commission is charged over it.
Read more: Setting owner commission percentages