Create a deposit

Yorlet creates a Deposit record when the security deposit on an application is paid. Each application can have one deposit. You do not create deposits from the Deposits page — they are created as part of onboarding.

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Collect the deposit on an application

To collect a deposit, follow these steps:

1. Include a Deposit step in your application configuration.
2. When you create the application, set the Deposit amount. The default is five weeks’ rent, and you can change it.
3. The applicant pays the deposit in the Application Portal when they reach that step.

Once the payment succeeds, Yorlet creates a Deposit in Pending status. It is linked to the application, the unit, and the applicants, and appears on the Deposits page. If you collected the deposit outside Yorlet, open the application and use Mark paid on the applicant while the application is on the Deposit step. That also creates the Deposit record.

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After the deposit is created

A pending deposit still needs to be registered with a protection scheme. Until then it stays in the Pending tab on the Deposits page. If automatic registration is enabled and succeeds as soon as the deposit is created, the record can move straight to Active. Otherwise, open the deposit and click Activate. You can assign a team member, edit the amount or description, or delete a pending deposit from the overflow menu (•••) if it was created in error.