Understanding Payment Periods
Learn how payment periods work and how rent payments are tracked against them.
Last updated: 15 January 2026|Landlords
Understanding Payment Periods
Payment periods are automatically generated time windows during which rent is expected.
How They Work
When you create a lease with a monthly frequency and a start date of 1 January, Latch generates one payment period for each month:
- January: 1 Jan – 31 Jan
- February: 1 Feb – 28/29 Feb
- And so on...
Each period has a status:
- Upcoming — The period has not started yet.
- Due — The period is current and payment is expected.
- Paid — Sufficient payments have been recorded to cover the rent.
- Partial — Some payment has been received but not the full amount.
- Overdue — The period has ended without full payment.
Recording Payments Against Periods
When you record a payment, it is allocated to the earliest unpaid period. You can also manually allocate payments to specific periods.
Viewing Payment Periods
- Go to the lease detail page.
- The Payment Periods section shows all generated periods with their status.
- Click any period to see the payments allocated to it.
Tip: Payment periods make it easy to see at a glance which months have been paid and which are outstanding.
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