Landlords have the option to continue automatic posting of rent on a month-to-month basis after a lease term concludes.
This can be activated at any time from Payment Settings.
Once in the Payment Settings window, toggle on the switch to allow rent charges to continue posting automatically each month.
Back on the Payments tab, the pending month-to-month charge will display at the end of the schedule of charges.
Special notes about month-to month charges:
- Month-to-month charges post in accordance with the terms defined in the most recent lease or rent schedule. In order to increase the rent amount or due date of payments, it is necessary to create a new lease or payment list- even if only for one month prior to activating month to-month billing.
- Month to-month rent charges will not post until the all other rent charges are paid in full. When activating the month to-month option, it is important to be sure that there are no outstanding rent balances.