Recording a Rent Payment

Recording a Rent Payment

When a tenant pays their rent, record it in Latch to keep your financial records up to date.

Steps

1. Navigate to Payments in the sidebar, or go to the specific lease.
2. Click Record Payment.
3. Fill in the payment details:
   • Amount — The payment amount received.
   • Date — When the payment was received.
   • Method — Bank transfer, standing order, cash, cheque, or other.
   • Tenant — Select the tenant making the payment.
   • Property / Unit — Select the property or unit the payment is for.
4. Click Save Payment.

Automatic Allocation

When you record a payment, Latch automatically allocates it to the earliest unpaid payment period on the associated lease. If the payment covers multiple periods, it is split across them.

Manual Allocation

To allocate a payment to a specific period:

1. Record the payment as above.
2. On the payment detail page, click Change Allocation.
3. Select the specific period(s) to allocate to.
4. Click Save.

Payment Types

• Rent — Regular rent payments.
• Deposit — Security deposits.
• Fees — Admin fees, key replacement, etc.
• Other — Any other type of payment.

Tip: Record payments promptly to keep your dashboard metrics and reports accurate.