Add a legal entity for rent collection
Record the collecting entity and finish the payment provider’s readiness steps.
On this page
Have the entity’s accurate legal details and permission to manage it. Use its official records when entering information.
Open entity settings
Go to Settings > Rent payments and choose the offered Add new entity or Entity settings action. Complete the password step if requested.
Enter the legal record
Review Legal name, Type, Formed in and optional DBA. Save and check the resulting entity record.
Complete provider verification
Use the entity’s setup or verification action. Complete the provider’s requested information and return to check the current status.
Review property and payment routing
Check the intended entity associations and available bank destinations. A saved entity name does not itself enable collections or route every charge.
Check the result
- The entity is recorded and its collection readiness can be inspected.
FAQs
Why is the saved entity still unable to collect?
The provider may require verification or bank setup. Follow the readiness message rather than adding another duplicate entity.
Does this generate an issued 1099-K?
No. Entity records and issued tax forms are separate. Check the issued-form availability guide for the provider associated with the entity.