Hemlane is proud to offer our Allocate Rent Rule which is designed for rent payments to be automatically dispersed between two owners’ bank accounts or a property manager’s and owner’s bank account. Allocate Rent Rules can be either a fixed amount or a percentage. Please read below for instructions on how to create a new Allocate Rent Rule.
Please note: Late fees cannot be split and go to the payee listed in the original rent request.
To create a new Allocate Rent Rule:
Step 1: Click into your Financials tab from your left side main panel
Step 2: Select the Settings section from along the top
Step 3: Select [ +New Allocation] to create a new Allocate Rent Rule
Step 4: Fill out the form from top to bottom, using the drop-down menus to make any selections or changes needed
Step 5: Click [Create] to save
The Allocate Rent Rule will appear within your Financials tab's Settings section once a rent transaction has been created for the property:
For more information on this topic, please visit these 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"?
keywords: split rent, split rent rule, split rent between, split payments, split payment, allocate rent, allocate rent rules, allocate rent settings