You can now choose to enable partial payments on the Landlord Studio system.
By enabling partial payments you are allowing your tenants to adjust how much rent they choose to pay.
For example, if the rent is $300/pm, but the tenant wants to pay it in two payments of $150 a week apart, you could enable partial payments to allow this.
It is recommended that you only enable partial payments if you have first agreed with your tenants on this.
Partial payments can be controlled at both a global level, meaning you can change for all properties at once, this is defaulted "Off", and at a lease level, meaning you can allow partial payments on specific leases for specific tenants.
To Enable Partial Payments on the individual lease settings
Step 1: Navigate to the relevant property
Step 2: Create a new lease or click 'Edit Lease' by clicking on the 3 dots in the Rent overview box of the property:
Step 3: If you haven't already, "Enable Online Rent Collection". When you do this an option will appear below it to "Accept Partial Payments"
The system will default this setting to 'No'. If you would like to allow partial payments from this tenant, change this to 'Yes'. You can change this back at any time.
How To Enable Partial Payments on Mobile | Global Settings
Step 1: Select "More" to open the settings.
Step 2: Select "General"
Step 3: Scroll to the bottom and toggle "Allow partial payments for online rent collection" to on.
Step 4: Tap Save, then Done.
To Enable Partial Payments on Desktop | Global Settings
There are two ways to enable partial payments on the Landlord Studio platform: via General Settings and Edit Lease. Please follow the directions below to enable this:
General Settings
Step 1: Select "More" to open the settings.
Step 2: Select "General"
Step 3: Scroll to the bottom and select "Yes" next to the option "Enable Partial Payments"
Your tenants will now be able to adjust the amount of rent they choose to pay at any one time.
Edit Lease
Step 1: Navigate to the dashboard on the left-hand side of the screen and select Properties.
Step 2: Select the property for which you want to enable partial payments.
Step 3: From the drop-down menu on the right-hand side, select the relevant lease:
Step 4: Click the three dots next to Rent Overview, then select Edit Lease. You will then be able to enable partial payments for that lease:
