Understanding Payment Periods
A detailed look at how payment periods are generated and managed.
Last updated: 15 January 2026|Landlords
Understanding Payment Periods
Payment periods are the backbone of rent tracking in Latch.
How Periods Are Generated
When you create a lease with a start date, end date, and payment frequency, Latch automatically generates payment periods. For example:
- Monthly lease starting 1 Jan 2025, ending 31 Dec 2025 generates 12 monthly periods.
- Weekly lease starting 1 Jan 2025 generates a period for each week.
Period Statuses
Each period has a status based on payments received:
| Status | Meaning |
|---|---|
| Upcoming | The period has not started yet |
| Due | The period is current and payment is expected |
| Paid | Full rent has been received |
| Partial | Some payment received but not the full amount |
| Overdue | The period ended without full payment |
Viewing Periods
From the lease detail page, the Payment Periods section shows:
- A visual timeline of all periods.
- Colour-coded status indicators.
- Amount due vs amount received for each period.
Adjusting Periods
In some cases you may need to adjust a period:
- Split a period — Useful for mid-month move-ins.
- Adjust the amount — If rent was negotiated differently for a specific month.
Tip: Payment periods give you a clear audit trail of every pound expected and received throughout a tenancy.
payment periodsrent trackingperiod statusdueoverdue
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