• Deposit types must be set up before you can assign them to properties or leases. See How do I create new deposit types in Property Management? for detailed instructions.
• After deposit types are set up for use, you must set them up on the appropriate properties before you can assign them to leases. See How do I set up a new deposit type on a property in Property Management?

Follow the steps below to add deposit types to a lease:

1. In Property Management, from the Tasks menu, select Manage Leases, Change Lease.
2. Select the appropriate lease from the list and then click the Deposits tab.
3. In the first available row, in the Deposit Type column, select the deposit type from the list.
4. In the Unit column, select the appropriate unit.
5. If you received a letter of credit instead of actual deposit money, select the check box in the Deposit Letter of Credit column and enter details in the Letter of Credit Amount and Letter of Credit Bank columns.
6. If you want the ability to refund the deposit, select the check box in the Refundable column.
7. If you are required to pay interest on tenant deposits, enter the appropriate information in the Interest Rate ID, Interest Basis, Compounding Frequency, Interest Payment Timing, and Start Accrual Date columns.
   • Note: The amounts in the Interest Balance, Interest Paid YTD, Interest Paid Last Year, and Interest Paid Next Year columns are accumulated and maintained by the system.
8. Repeat these steps for additional units and deposit types you want to add and then click Close.