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An owner account represents someone you move money to or from. Each owner has its own balance, bank account, payout schedule and receipts. Choosing the right account type matters because it changes what Yorlet asks you to collect about the owner and how their money is handled.

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Account types

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Business types

Every owner is either an Individual or a Company. The business type decides what identity information Yorlet needs before the owner can be paid out:
  • Individual: a person. You collect their name, date of birth, address and contact details, and verify their identity.
  • Company: a limited company, partnership, trust or public company. You collect the company’s details and the people who own or control it. See Onboard accounts.

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Account statuses

The Owners page groups owners by status:

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Create an owner

To create an owner, follow these steps:
  1. Go to the Owners page and click Create owner.
  2. Choose the Account type: Landlord, Leaseholder or Supplier.
  3. Choose the Business type: Individual or Company.
  4. Enter the owner’s details. For an individual, this is their Email, First name, Last name, Date of birth, Address and Phone number. For a company, it is the Email, Legal business name, Company number, VAT number, Address and Phone number.
  5. For landlords, choose their Tax residency. This determines whether non-resident tax is deducted from their payouts.
  6. Click Create.
You can leave details blank and fill them in later, or ask the owner to complete them through an onboarding link. The owner is created with a daily payout schedule, which you can change from their Payout information.
To start transferring rent to a landlord, attach them to their units. See Unit ownership.

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Archive an owner

When you stop working with an owner, archive them rather than deleting them so their history is kept. Navigate to the owner, use the Actions menu and select Archive. Archived owners no longer receive payouts. You can restore them at any time with Unarchive. Before archiving a landlord, make sure their unit ownerships have been ended and their balance has been paid out.