To Edit Payment Terms:
You will first navigate to your Properties tab.
Click on the property to navigate to your 'Property details' section, and then click into the unit you need to modify payment terms for.
Click 'Edit payment terms' in the top right corner of the unit details section. You can also click 'Edit' on the 'Current payment terms' line of your Tenant details section.
Select whether you want to edit or extend the current payment terms.
- If you have future payment terms, you have the option to edit or extend them here as well.
Adjust the payment terms as needed, and then confirm and save the changes you have made. The tenant will be notified of the changes via email.
Edit Options for Payment Terms:
Edit Options | |
Edit Payment Terms |
Edit payment terms can be used if you need to make corrections to the current terms. If your tenant has submitted payment towards a set of payment terms, you can no longer edit the start date, security deposit information, or prorated settings. If something will be changing for the payment terms (e.g. rent increase), we suggest extending the terms instead so that you preserve the history of payment terms. |
Extend Payment Terms |
Extending terms will not affect any data related to previous payment terms. Extending terms will create a new set of payment terms for this renter. We recommend using this tool if you are keeping track of payments offline. |
Remove Current Tenant |
If your tenant has moved out, you may remove the tenant from the unit. This will stop new invoices from generating, but it will keep any unpaid invoices related to these payment terms present (if you need to cancel those invoices, you must do so manually). |
Upcoming Tenant |
If you have your next renter selected for this unit, you can set up their payment terms while the unit is occupied! You can edit future payment terms at any time. When the payment terms for your current tenant end, the upcoming tenant will automatically replace them as the new current tenant. |