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How Do I Create a New Rent Collection?

Setting up a new Rent Collection contract through SingleKey is a simple process.

Cigdem Kara avatar
Written by Cigdem Kara
Updated over 2 months ago

Follow the steps below to get started:

Step 1: Log into Your SingleKey Profile

Begin by logging into your SingleKey account. From your dashboard, navigate to the "Rent Collection" section.

Step 2: Click “New Rent Collection”

In the top-right corner of the Rent Collection section, click on “New Rent Collection” to initiate the setup.

Step 3: Add Tenant and Property Details

You’ll be prompted to select a tenant from the dropdown menu and provide details about the rental property.

  • If the tenant is not already in the system, click “Add Tenant” and enter their name, email address, and phone number. Then, click “Add” to save.

Step 4: Enter Rent Details

Next, enter the monthly rent amount, along with the start date and end date of the lease.


Step 5: Link Your Bank Account

You’ll need to link the bank account where you'd like rent payments to be deposited.

  • Click “Add New Bank Account”, then choose one of two options:

    • Connect via Bank (Plaid): Select your financial institution and follow the prompts to securely connect your account.

    • Enter Account Details Manually: Manually input your bank details and upload a void cheque to verify the account.


Step 6: Complete Verification

To finalize the setup, complete the required verification steps. You also have the option to upload a proof of ownership document, although it’s not mandatory.


Once you've completed these steps, your Rent Collection contract will be active, and you’ll be ready to start receiving payments seamlessly.

If you run into any issues during setup, don’t hesitate to reach out to the SingleKey support team for assistance.

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