Leases and the people on them
A lease records its term, rent, and the tenants attached to it, with a primary tenant identified. Contacts can be linked to more than one property, so an agent, a vendor, or a co-tenant is stored once.
Capability
Leases, tenants, and rent collection
Rental operations are where a property's income actually originates. Property Pulse models the lease, the tenants on it, the invoices it generates, and the payments that settle them as one connected chain.
In short
- How does Property Pulse manage leases and rent?
- A lease records its term, rent, and the tenants on it, with a primary tenant identified. Recurring rent produces dated invoices, payments are allocated against those invoices and receipted, and settled rent posts to the property ledger as cash-basis income.
Leases and tenants details
Monthly rent invoices and payments
Recurring rent produces dated invoices. Payments are allocated against those invoices, receipts are issued, and outstanding balances are visible per lease rather than inferred from a bank statement.
Rental activity lands in the ledger
Settled rent becomes income on the property's ledger automatically, so rental reporting and financial reporting describe the same month with the same numbers.
Where these statements come from
Product fact
Lease terms, primary tenant designation, recurring rent invoicing, payment allocation, receipts, and automatic posting to the property ledger are released behaviour.
Explanatory guidance
Lease law and permitted charges vary by jurisdiction; this page describes record-keeping, not legal requirements.
Last reviewed against Property Pulse v0.12.84.
Related Property Pulse capabilities
- Follow settled rent into property financials
Rent payments become cash-basis income on the property ledger.
- Create a lease record from the signed lease document
Lease paperwork can seed the lease, tenants, and rent terms.