Initial Lease Payment

The first payment for a executed Lease Agreement is specified in section 

This link ensures they can view the proper listing and that you are the Agent of Record to ensure you commission is rewarded and you can view and modify the submitted application.

When the lease is drafted, it will be important to specify how the initial rental payment will be collected and to who it will be made. Once the lease agreement has been fully executed and submitted, the accounting department will draft the invoices for the tenants, Broker/Agent commissions and the property owner.

The tenant invoice will describe the amount and how the payment shall be made. Below are the generally accepted initial lease payment options:

Payment to Owner Directly

A lease agreement may specify that the full balance of the initial rent and security deposit shall be made directly to the property owner. In this scenario, the property owner will collect the funds and be responsible for separately paying the Broker commissions. 

Payment to Broker Trust Account

If specified in the lease and agreed by the tenant(s) and property owner, the initial payment may be made to the official Broker Trust Account for WE ARE REALTY Inc. 

Accepted Methods of Initial Payment

• – Cashier Check
• – Wire Transfer

DO NOT ACCEPT CASH, ACH OR PERSONAL CHECK PAYMENTS FOR INITIAL MOVE-IN FUNDS

Accepted Methods of Monthly Payments

• – Cashier Check
• – Wire Transfer
• – Personal Check
• – Online ACH or Credit Card (bank fees may apply)

Online rental payments are available for tenants on wearerealty.com for properties managed by WE ARE REALTY Inc. Electronic direct deposit payouts are also available to property owners for their monthly disbursements by WE ARE REALTY Inc.

IT IS ILLEGAL FOR AGENTS TO ACCEPT RENTAL PAYMENTS IN THEIR NAME!
ONLY WE ARE REALTY Inc. or THE OWNER MAY ACCEPT RENTAL PAYMENTS!