Editing a Rental Agreement: Cash Deposit
The following entries are important for the correct, automatic calculation of the interest of the cash deposit:
Field |
Meaning |
Due on |
Date, as of which interest is paid on the deposit amount (the first ínterest day is generally the rental start). |
Percentage rate |
Nominal interest, the interest that is paid on cash deposit. |
Calculation date |
Date, at which the first calculation of interest is to be carried out. |
Frequency in months |
Frequency, in which interest is calculated (this is generally 12, therefore annually) |