Hemlane’s Allocate Rent Rule is designed to automatically disperse rent payments between two owners’ bank accounts or between a property manager’s and owner’s bank account. Allocate Rent Rules can be set as either a fixed dollar amount or a percentage.
Please note that late fees cannot be split and will go to the payee listed in the original rent request.
To Create a New Allocate Rent Rule
Step 1: Click into the Financials tab from the left-hand main panel.
Step 2: Select the Settings section from along the top.
Step 3: Click + New Allocation to create a new Allocate Rent Rule.
Step 4: Fill out the form from top to bottom, using the dropdown menus to make any selections or changes needed.
Step 5: Click Create to save.
Once saved, the Allocate Rent Rule will appear within the Settings section of your Financials tab after a rent transaction has been created for the property.
Related Articles
- How do I edit or delete a Allocate Rent Rule?
- Why does my Allocate Rent Rule state "There are currently no active rent requests"?
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