Closing a tenancy where there is unpaid rent owed to the owner

Modified on Tue, 26 Mar 2024 at 12:31 PM

In this example, a tenancy is closed and unpaid rent needs to be deducted from the deposit and added to the owner statement. 

The way that the closing tenancy works is that it credits the deposit to the tenant statement - so when this is allocated to any outstanding rent the credit allocation does not reflect in the PO statement. To reflect this unpaid rent owed to the Property owner a manual tenancy receipt is created to be paid to the Property owner.


For Xero users On the tenancy side, the closing tenancy will look like a deposit credit allocated to the outstanding charge. On the owner side, this will look at your normal tenancy receipt ( bills ) on Xero on the Property Owner contact and will be reflected as any other rent received  


Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article