Revised:  05/13/11

How to Change a Tenant to Market Rent for a New Construction Property

Tenant Master (Active)

Go to Maintain>>Tenants (Active)

• Select the tenant using the Tenant Number or Last Name field

• If the file is in "read only" mode go to Quick Link>>Unlock Tenant File.  Select a Tracking Code and/or enter a modified description and click Save

• Change the Effective Date to the date the tenant will go to market rent

• Select the Action Code "Termination"

• Go to the General tab

• • Under Subsidy Information>>Current

  • • Select Market Rent

• Go to the Move/Transfer tab

• • Enter the Termination Date as the day before the Effective Date on the Tenant Master>>Main tab

  • For the Move Out/Transfer Reason select a Market Rent code

  • • If there is no Market Rent code setup, please contact the Horizon Help Desk for Assistance

• Save without Clearing

• Go to Quick Link>>Unit Information

• • Go to Additional Details tab

  • • Check the Market Rent box under General

    • Click Save

    • Close the Unit Master

• Go to Quick Link>>Rent Calculation

• • Click the Auto Calculation button

  • • Save

    • Close Rent Calculation

• Go to Quick Link>>Create 50059 Record

• • Click OK

• Go to Quick Link>>Print 50059

• • Preview and Print the 50059.  The created 50059 should be a Termination with a termination code of TI - TTP EQUALS/EXCEEDS GROSS RENT OR MOVING TO MARKET RENT

  • If a Termination 50059 is not created, please call the help desk

  • If the tenant's file was in "Edit Mode", it will be automatically returned to "Read Only" after a 50059 is created.