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Rent Collection for Landlords

FIRST FREE ONLINE RENT COLLECTION TOOL
FOR CANADIAN LANDLORDS

Trusted Partners

Key Benefits

FREE for up to 3 monthly leases

We offer Canada’s first free rent collection platform! Collect rent on up to 3 concurrent monthly leases completely free of charge, for as long as you need.

Automated PAD payment processing

Connect with your tenants to receive payments automatically every month. Our secure payments processing app allows you to set it and forget it, giving you more time for the things that matter

Report delinquent payments to credit bureaus

Sometimes tenants need a little push to pay rent. We’ll report good and bad payments to the credit bureaus to help incentivize on time payments

Rent Collection Simplified

With automated payments and easy setup – rent collection is as easy as 1-2-3

01. Input Lease

Provide unit address, rent amount, and timing of payments

02. Connect Bank

Verify your identity and log into your bank account to receive rental payment deposits

03. Invite Tenant

Invite the tenant to connect their bank account for rent payments

Learn How it Works 

Benefits of Reporting

Rent Payments Reported to
the Credit Bureaus

Landlord Benefits

Tenant Benefits

Why SingleKey?

You want a simple, flexible and automated way to collect rent!

Fast Payment Processing

You will receive funds in your account within 2 business days of the transaction – faster than most banks clear cheques!

Three Free Leases

Collect rental payments online for all your leases – the first 3 are free for an unlimited time.

Report Late Payments

Tenants can build credit by paying rent on time, while we can also report NSFs to credit bureaus to incentivize payment

Simpler than E-transfers!

No need to remind tenants to pay as we send automated reminders

Easier than Cheques!

No more fumbling with cheques at the teller’s kiosk, everything occurs online and within 2 business days

Save Time!

You will no longer need to go to the bank on the 1st of the month to deposit cheques. Get back more time for what’s important to you!

Real-time Updates

We will notify you of successful payments and failures due to NSFs so you can manage your tenants accordingly

Flexibility

Sometimes things happen - delay, skip, or cancel the next month’s rent collection if your tenant requests a delay

How it works

Set up recurring payments with our secure and simple platform. All it takes is 5 minutes

01-

Enter Property information

Enter your property info or select one of your existing units

02-

Enter Lease Information

Include payment details, and collection dates.

Specify the monthly Rent Amount and Monthly Payment Date

03-

Invite your tenants

Provide details on important dates in your lease, including the date you want to begin collecting rent, and term of the lease

04-

Invite tenants

Invite your tenant to confirm details and connect their bank account so that funds may be withdrawn on the rent due date

05-

Connect your bank account

Log into your account using Plaid, or provide account details to link your bank account to receive deposits

06-

Manage Your Rent Collections

Log into your SingleKey account and manage your rent collections:

01-

Enter Property information

Enter your property info or select one of your existing units

02-

Enter Lease Information

Include payment details, and collection dates.

Specify the monthly Rent Amount and Monthly Payment Date

03-

Invite your tenants

Provide details on important dates in your lease, including the date you want to begin collecting rent, and term of the lease

04-

Invite tenants

Invite your tenant to confirm details and connect their bank account so that funds may be withdrawn on the rent due date

05-

Connect your bank account

Log into your account using Plaid, or provide account details to link your bank account to receive deposits

06-

Manage Your Rent Collections

Log into your SingleKey account and manage your rent collections:

Safety and Security

Note that SingleKey does NOT collect and store your bank login credentials. We only store your bank account number in order to determine where to deposit your rent payments.

We are partnered with a leading Canadian payment provider to facilitate rent payment collection. The security of your information is very important for us and our partners. We employ the latest data encryption and security protocols to keep your information safe.

Reviews

Testimonials

I’ve been waiting for this since I bought my first property years ago. I set this up in 5 minutes and haven’t looked at it in 4 months!

Fatima R.

Landlord

Finding a rent collection program that made tenants more likely to pay was fantastic for my landlords! I haven’t seen a single late payment since I signed up!

Gurpreet S.

Property Manager

I didn’t want to go to the bank anymore and managing e-transfers in excel was too much effort. I stumbled across SingleKey’s rent collection tool and am so glad I don’t have to manage cheques anymore.

Scott B.

Landlord

I recommend SingleKey’s rent collection for all of my clients. The benefits of reporting payments to the credit bureaus are clear for both tenants and landlords, and they provide it for FREE for 3 leases!

Sasha K.

Realtor

Pricing

Free

FAQs

Your Rent Guarantee Questions Answered

We offer our landlords FREE access to our Rent Collection service for up to 3 concurrent monthly rent collections for an unlimited period of time. To inquire about pricing for more than 3 monthly rent collections, please contact our team at info@singlekey.com 

Upon completing your rent collection on the SingleKey platform, you will have access to your rent collection dashboard, which will:

    • Provide payment status
    • Enable delaying or skipping payments
    • Allow cancellation of rent collection at the end of the lease

For more information visit our setup guide.

Yes, you will be able to make these changes at anytime:

    • Delay next month’s rent collection
    • Skip next month’s rent collection
    • Cancel your monthly rent collection

We will notify both you and the tenant of a missed payment. We suggest landlords reach out to tenants who missed a rent payment to ensure they get paid. If the tenant does not pay rent, then we suggest the landlord follow the appropriate procedures to mediate and / or evict per the appropriate legal guidelines in the dwelling’s jurisdiction

Note: if you are signed up for the Rent Guarantee, SingleKey will help mediate and evict delinquent tenants working with our paralegal partners.

Typically, it takes 1-2 business days for the payment to be completed. In most cases, it should be complete within 24 hours. Note that if payment date falls on weekends or holidays, the rent collection process will begin the next business day.

Yes. We will send a notification email to your tenant(s) 2 days before the rent is due so they can make sure they have sufficient funds in their account.

When setting up your rent collection, you will invite your tenant(s) via email to accept the Rent Collection terms and to connect their bank account.

We want to help tenants improve their credit scores over time. In order to do this, all payments managed by our platform will be reported to the credit bureaus, including on-time, late, and non-payments. Payments made on-time will help improve the score, while missed payments will reduce the score.

Note that SingleKey does NOT collect and store your bank login credentials. We only store your bank account number in order to determine where to deposit your rent payments. We are partnered with a leading Canadian payment provider to facilitate rent payment collection. The security of your information is very important for us and our partners. We employ the latest data encryption and security protocols to keep your information safe.

Try free rent collection today!

Book a call if you require more than 3 rent collections!

Click for the BBB Business Review of this Screening - Tenant in Toronto ON
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The SingleKey Rent Guarantee coverage is provided by Lloyds Lloyds Crest Lloyds, rated A+ by A.M. Best. Coverage is offered in the form of a surety performance bond. SingleKey is a participating member of Protected Cell Captive insurance company that is one hundred percent reinsured within the Lloyd’s Market rated A+ by A.M. Best.