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Create Charge for Security Deposit

security deposit charge, how to charge for security deposit

Written by Riz

Need to create a security deposit charge?

Watch the video to see how it's done!

Or, follow the instructions below!

  1. From your RentRedi dashboard, click the plus (+) Create New button on the left-hand side.

  2. Under Charges, select Other Charge.

  3. Enter the Charge Details:

    1. Amount — Enter the security deposit amount.

    1. Charge Type — Select Security Deposit.

    2. Total Occurrences — Choose how many times the charge should occur.

    3. Description — Defaults to “Security Deposit,” but you can edit it if needed.

    4. Due Date — Select the date the charge will be due.

  4. Click Next to continue.

  5. Select the Property & Unit and choose the tenant(s) who should see the charge.

    1. Only selected tenants will be able to view and pay the charge.

    2. (Optional) Enable Credit Boost to report eligible on-time rent payments and help tenants build their credit history.

    3. (Optional) If there are no tenants listed for the property & unit selected, click + Add a New Tenant to add and connect a tenant to the charge.

  6. Click Next to review the charges.

    1. Preview how the charges will be scheduled based on the amount, frequency, and due date.

    2. You can make final edits to the amount or description, duplicate charges, or delete charges, if needed.

  7. Click Create Charges to finish.

Done! 🎉 Your security deposit charge has now been successfully created.


💬 Need help?

Contact us! RentRedi Chat Support is available 24/7! Access our Live Chat via the chat bubble in the bottom right corner of the RentRedi dashboard.

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