ThereCare > How Does the Neighborhood Escrow Page Work?

Keeping Track of Your Neighborhood’s Finances

The Neighborhood Profit and Loss Page is a helpful financial tool for Neighborhood Owners to manage and keep track of the Neighborhood Zone escrow. The Profit and Loss Page predicts future information about the various Lot rentals in the Neighborhood Zone, as well as past transactions for bookkeeping purposes.

To view the Neighborhood Profit and Loss Page you must be within the boundaries of the Neighborhood Zone.

Go to your Menu Bar and choose This Place > Info About “Your” Neighborhood

The Neighborhood Details Page will pop up and to the right hand side under the Event Scheduling System there is a link at the bottom of the page titled My Escrow.

Click on My Escrow to view your Neighborhood Profit and Loss page.

Only the Neighborhood Zone Owner can view the Escrow page. As the Owner, you can manually select a specific date range to view activity for that time period, or you can view activity from the last 30 days.

Your search results will contain new rows of data with a date, the name of the rental owner for each Lot, the name of the Lot itself, information about the transaction that occurred on that date, and details about the balance change of the escrow and the balance change of the Neighborhood Owner. (Hint: if no additional rows are being displayed in your search, you may have selected too small a date range. Try increasing the scope of the date range if that happens.)

Keep in mind, Neighborhood Lots that you as the Neighborhood Owner drop into your own Neighborhood Zone will automatically deduct rent and put it into your Zone’s escrow. This means that you will not receive the rent in the Neighborhood account for 30 days.

This means you will initially be charged a rental fee for dropping a Lot into the Neighborhood Zone, but because this is going towards your Zone’s escrow, it will be a contribution towards your overall monthly rental fee for the Zone. Once you have dropped the Lot the rent will transfer to the Escrow account and sit there for the 30-day rental period. At the end of 30 days the rent will transfer from the Escrow account to your personal account.

Remember that the Neighborhood Zone rental due date is on the same day every month and collection from Lot rents can happen on any given day of the month based upon the date the Lot was dropped. Neighborhood Zone Owners will not receive a lump sum of rent generated by Lots. The rent from Neighborhood Lots will filter in throughout the month.

If you purchase a used Neighborhood please note that the Neighborhood rental due date may be on a different day than the date you purchased the Zone. For example, a member purchases a used Neighborhood Zone from another member on the 5th of the month for 250,000T. The rental due date for the Neighborhood Zone is on the 25th of the month. Twenty days after the member purchased the used Neighborhood Zone for 250,000T they will need to pay the Neighborhood rent of 180,000T for a 45-Acre and 360,000T for a 100-Acre.

Example Neighborhood Escrow Account

Here’s a detailed timeline that illustrates how the Escrow of a new Neighborhood works:

Day One

Member purchases new Neighborhood Zone from auctions. The first and second 30-day rents are included in the original price of new Neighborhoods purchased from There. 60 days from when the Zone is dropped will be the due date for the first rent payment for the Zone. On this day your first tenants may begin moving in by joining your Neighborhood Club, purchasing a Neighborhood Lot from Shop Central, and dropping the Lot in the Neighborhood Zone.

When a tenant drops a Lot, he or she is prompted to pay for the first month’s rent (amount determined by size of Lot). A "Yes" click sends the rent into an escrow account, where it will sit for 30 days. After the 30 days is up, the rent in the escrow will go to the Neighborhood owner and the next month’s rent will be collected and held in the escrow account. Because the first two rental periods for the Neighborhood are covered in the initial purchase price, this will enable the owner to collect rents from the Lot renters before paying the rent for the Zone.

Day Two

Let us say, for the sake of this example, that the Neighborhood starts getting more tenants on day two. 10 new renters drop their Lots into the Neighborhood Zone and begin building their new homes. The rent for the first 30 days is charged to the Lot owner as the lot is being dropped (see rent chart). The rent is deposited the escrow account for the Zone, which will be available to the Zone owner after the 30 days.

Day Three

Nine more renters join the Neighborhood. If all of the renters have 1 acre Lots, this will fill a 100-acre Neighborhood to capacity (with 50 drops for the Zone owner, this brings the total to the Zone maximum of 1000 drops). Each renter will be paying 24,000 T$ per 30-day period, which will total 456,000 T$. The Neighborhood owner's rent will be more than covered, and there will be a 96,000 T$ profit every 30 days. 19 Renters x 24,000 T$ rent ea = 456,000 T$ 30 day rent for the Neighborhood = 360,000 T$ Profit per 30 day period = 96,000 T$

Day Twenty-eight

One of the renters from the first group decides to leave for another Neighborhood. Even though they have not yet been in the Neighborhood for the first 30 days, if they relinquish their Lot the rent will still go to the Zone owner at the time their 30-day escrow clears.

Day Twenty-nine

A new renter joins the Neighborhood Zone, and the rent for their first 30-day period is paid into the escrow account.

Day Thirty

No Zone rent is due because the rent for the second 30-day period was included in the initial purchase price of the Neighborhood.

Day Thirty-one

The rent paid by the first set of renters for the first period is released from the escrow account to the Neighborhood owner. These renters pay the rent for the second period, which goes into the escrow account (to be released 30 days later to the owner).

Day Thirty-two

The rent paid by the second group of renters for the first period is now released to the Neighborhood owner, and they now pay the rent for the second period, which goes into the escrow account.

Day Fifty-nine

The rent from the renter who joined on day twenty-nine is now deposited in the Neighborhood owner’s account (again, this is 30 days after this renter joined the Zone), and this renter pays the second period’s rent which goes into the escrow.

Day Sixty

The Neighborhood rent is paid by the owner. However, the last month’s Lot rents have been released from escrow to the owner, and so the owner can cover the cost of the Neighborhood rent. In this case, the owner would make a profit, as the rents paid by the Lot renters are greater than the rent charged for the Neighborhood, which goes into escrow.

Removal of Neighborhood Lots

Relinquish

If a Neighborhood tenant wishes to move a Lot to another Neighborhood, they will need to Relinquish the Lot from your Neighborhood Zone.

Please note that when a member Relinquishes their Lot or quits the Neighborhood Club the remainder of the rent left on the 30-day rental cycle in the Escrow column will automatically transfer to the Neighborhood Zone Owner’s personal account. The tenant will not receive a refund or credit.

Eviction

At any time with or without notice you can Evict a tenants Lot from the Neighborhood Zone. There are two ways a Neighborhood Owner can Evict a tenants Lot and or Lots. The Neighborhood Owner can walk into an individual Lot and click Evict, which will remove the Lot from the Neighborhood Zone. Or the Neighborhood Owner can remove a tenant from the Neighborhood Club, which will evict multiple Lots owned by the tenant from the Neighborhood Zone. If you evict a Neighborhood tenant the remainder of the 30-day Lot rental cycle will be pro-rated and credited to the Lot Owners account. For example a Neighborhood Member dropped a Lot into your Zone on the first of the month. The entire 30-day rental cycle was deducted from the Lot Owners account and moved into the Neighborhood Escrow account to sit for 30 days before it transfers to the Neighborhood Owner. On the 10th of the month, for whatever reason you decide to Evict the tenant. The pro-rated Escrow for the ten days that the member lived in the Neighborhood moves over into the Neighborhood Owners account. The remaining 20 days on the rental cycle is refunded to the Neighborhood member.