In the Property Profile, click on the Lease tab then click Edit
Start by adding the weekly rent, then change to the preferred payment frequency. The app will auto-calculate if you opt for fortnightly or monthly payments.
Remember: If you have an existing lease, you can only add an upcoming lease once a termination date has been set.
If you need to collect a Deposit/First Months Rent upfront, select the amount required from the drop-down. Learn more here.
IMPORTANT: If no deposit is required, or if it is an existing tenancy that's being moved from another system, simply leave this section as $0
Once available, enter the Bond ID and the amount held.
Enter the lease dates. Your Lease Start and Lease End dates are as per the tenancy agreement. You then enter the First Payment date and click Save.
IMPORTANT: The First Payment is the day you want the tenant to start paying in the Managed App. For Example, if a tenant is 'paid to' the 15th July in the old software, their First Payment in the Managed App will be the 16th July.
Add your preferred task start date and ongoing frequencies. For Example, I can enter that my Next Inspection is on the 1st March and then every 6 months thereafter. This will auto-create the Routine Inspection tasks for me going forward.
Click Save to confirm all the lease information.
Enter the tenant's contact info. The app will then prompt you to send them an invitation when you're ready so they can set up their profile.
Click Save on the Tenant section and your lease is all ready to go!
Remember: if the tenant already has a profile, use the same email address to link to this new lease.
You're nearly there! To start processing payments, you need to Activate the lease.
Next Step: Activate the lease