Creating a New Lease

Creating a New Lease

A lease links a tenant to a property (or unit) and defines the rental terms.

Steps

1. Navigate to the property or unit where the lease applies.
2. Click the Leases tab.
3. Click Add Lease.
4. Fill in the lease details:
   • Lease Name — A descriptive name (e.g. "2024-25 AST").
   • Start Date — When the tenancy begins.
   • End Date — When the fixed term ends (leave blank for periodic).
   • Rent Amount — Monthly rent in your configured currency.
   • Payment Frequency — Monthly, weekly, fortnightly, or quarterly.
   • Payment Day — Which day of the month (or week) rent is due.
5. Click Save Lease.

Linking a Tenant

After creating the lease, link a tenant:

1. In the lease detail view, click Add Tenant.
2. Search for an existing contact or create a new one.
3. Select the tenant and confirm.

Payment Periods

Once saved, Latch automatically generates payment periods based on the frequency and start date. Each period tracks whether rent has been received.

Tip: You can create multiple leases on the same property to represent different tenancy terms over time.