Setting Up Your First Lease

Step-by-step: create a lease, set rent amount, configure deposit, and link it to a tenant.

Creating a Lease in Rentadminly

A lease in Rentadminly links a property, a tenant, a rent amount, and a time period. It's the central record that drives payment tracking and reporting.

Step 1: Navigate to Leases

Click Leases in the left sidebar. Then click + Add Lease.

Step 2: Fill in the Lease Details

Property & Unit: Select the property and unit this lease covers.

Tenant: Select the tenant from your tenant list. If you haven't added the tenant yet, go to the Tenants page first.

Lease Dates: Enter the start date and end date. For month-to-month arrangements, set the end date to one month out and update it when renewed.

Rent Amount: The monthly rent in dollars. This drives the payment ledger.

Security Deposit: The deposit amount collected at signing. Rentadminly tracks this separately from rent payments.

Payment Due Day: Which day of the month rent is due (typically the 1st).

Step 3: Review and Save

Confirm all details and save. The lease now appears in your Leases list with status "Active."

What the Lease Drives

Once a lease is created:

**Payment tracking**: Record payments against this lease

**ACH fee calculation**: Rent amount used to calculate the processing fee

**Reporting**: Revenue attributed to this lease's property

**Expiration alerts**: You'll be notified before the lease end date

Renewing a Lease

Before the end date arrives:

1. Open the lease record

2. Update the end date (and rent amount i