> ## Documentation Index
> Fetch the complete documentation index at: https://docs.yorlet.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Choose an account type

> Learn about the types of owner account and how to create one.

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.

## Account types

| Type | Use it for |
| :- | :- |
| **Landlord** | The beneficial owner of a unit you manage. Rent is transferred to landlords through [unit ownership](/owners/unit-ownership), you [charge](/owners/fund-flows/collections) them your fees, and [non-resident tax](/owners/tax-reporting) applies if they live abroad. |
| **Leaseholder** | The long-leaseholder of a unit in a block you manage. Use leaseholder accounts to charge service charges and ground rent. A leaseholder owns their property on a long lease while the freeholder owns the building; do not confuse them with a tenant on a short-term tenancy. |
| **Supplier** | A third party you pay on an owner's behalf, such as a contractor or utility company. Collections from landlords can be routed to a supplier as their destination, and the supplier is then paid out like any other owner. |
| **Platform** | Your own business. Yorlet creates one platform account for you, and it receives your fees by default. See [Platform accounts](/owners/platform-accounts). |

## 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](/owners/account-onboarding).

## Account statuses

The [Owners page](https://dashboard.yorlet.com/owners) groups owners by status:

| Status | Meaning |
| :- | :- |
| **Complete** | All required information has been collected and the owner can be paid out. |
| **Restricted** | The owner is missing information required for payouts. The owner shows an `Incomplete` badge in the list, **Payouts** shows as **Disabled** on their record, and any missing fields are flagged **Missing**. |
| **Disabled** | Payouts are disabled while Yorlet reviews the owner. |
| **Archived** | The owner has been archived and cannot receive payouts. |

## Create an owner

To create an owner, follow these steps:

1. Go to the [Owners page](https://dashboard.yorlet.com/owners) 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](/owners/tax-reporting) 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](/owners/account-onboarding). The owner is created with a daily [payout schedule](/owners/owner-payouts#payout-schedule), which you can change from their **Payout information**.

<Tip>
  To start transferring rent to a landlord, attach them to their units. See [Unit ownership](/owners/unit-ownership).
</Tip>

## 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](/owners/unit-ownership) have been ended and their balance has been paid out.


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