TPS & rent-to-own
Make the path from tenant to owner easier to follow.
Keep purchase terms, instalments, and payment progress together for tenant purchase and rent-to-own arrangements. Give staff a clear view of what is due and what has been paid.
TPS & rent-to-own
What your team can do
For an agreed tenant purchase or rent-to-own arrangement, LETRENTS keeps the recorded terms and instalment schedule with the tenant’s purchase plan. Staff can review amounts due, payments received, and remaining progress over time.
Where the configured plan supports it, principal and interest can be shown as separate parts of the schedule, with missed instalments and follow-up activity recorded against the account.
The platform supports operational tracking; the parties should have the underlying purchase agreement reviewed by a qualified professional.
A typical workflow
A clear path from start to follow-up
- 1
Set the terms
Record the agreed purchase plan and instalment schedule.
- 2
Track payments
Follow amounts due, received, and remaining over the life of the plan.
- 3
Review progress
Use the payment record to understand progress and identify accounts needing attention.
Good to know
Frequently asked questions
Can a tenant purchase plan use instalments?
A plan can describe agreed instalment terms and track scheduled amounts and payments against the arrangement.
Can I see principal and interest separately?
The arrangement should make the agreed allocation clear. Confirm the supported plan setup and statement details with your LETRENTS team.
Does LETRENTS replace legal advice for a purchase agreement?
No. Use a qualified professional to prepare and review the legal agreement and confirm the applicable ownership and consumer requirements.