When to Make Interim Recertifications Effective

Question I am a new manager and am totally confused on when to make interim recertifications effective. I have a tenant that reported a new job to me on April 28, 2015. When do I make the interim effective? May 1st?
Brian – Minnesota

Answer This is a common source of confusion for managers. The date management was notified will determine the date of the Interim. Here are the steps to follow:

1. Verify when the tenant started working.
2. Based on your property’s reporting policy, determine if the tenant notification on April 28, 2015 was timely or not timely.
   • If the April 28th notification was timely, verify the income, issue a 30-day notice for the increase in rent, and process the interim for the first of the following month after such notification.
   • If the April 28th notification was not timely, verify the income and process the interim for the first of the month following his/her first day of employment. In this case, the tenant has forfeited the right to the 30-day increase notification because he/she did not report the new income in a timely manner.