How to set up future and multi-leases for the same property

Baselane's rent collection feature allows landlords to set up multiple rent collections for a single property. What does this mean for you as a landlord?

• You can now easily onboard future tenants while keeping the current tenant's rent collection active.
  
  
•  Ideal for managing leases where tenants pay individual portions of the total rent without creating separate units for each tenant.

Note: This feature allows for multiple rent collections per property, not multiple tenants on the same lease.

How to set up multiple leases for a single property

1. Add a Property

Navigate to the Properties tab and add your property.

2. Set Up Rent Collection

Once your property is added, head over to the Rent Collection tab and select 'Set Up Rent Collection'.

3. Select the Property and Unit

Step 1 will list your properties as often as needed to set up rent collection for future tenants or tenants on the same lease who pay individual portions of the entire rent due. 

 

How to add additional units to an existing property

1. Add your property to our properties tab.
   
   
2. Select property type or select other if not listed.
   
   
3. Enter the property nickname and street address (it will auto-populate)
   
   
4. Select multiple units and add as needed per property.

 

 

Frequently Asked Questions (FAQs)

Can I collect rent from multiple tenants in one property simultaneously?
Yes, you can create separate rent collections for tenants within the same property and on the same lease without adding a unit to the existing property. 

Do I need to archive the current lease before setting up a new rent collection?
No, you can set up a new rent collection while the current lease is still active.

Can I delete a property if I have active rent collections?
No, properties with active or expired rent collections cannot be deleted. Please end/archive to delete a property or see here instructions on how to do so. How to delete a property

Is there a limit on how many rent collections can be created per property? 

No, there are no limits.