The LeaseLine Process and FAQ

When no payment is made on the listing...

  • Listing price represents monthly rent the Lister is offering to the New Tenant (may be different than original rent amount)

  • The New Tenant should only be paying rent to the Landlord, not the Lister

  • If the Lister is offering rent at a discount, they will need to pay the New Tenant the difference in rent.

When payments are made on the listing...

  • Listing price represents payment of first month's rent the Lister is offering to the New Tenant (may be different than original rent amount)

  • The Lister pays first month's rent to the landlord for the New Tenant

  • LeaseLine's processing fee paid by Listers: 4%

  • Days Listers have to accept the subleasing request: 3 days 

  • Days New Tenants have to verify or dispute the transaction: 90 days before automatically verified

Step 1: The New Tenant requests to sublease the space and enters their payment information.

Step 2: The Lister accepts the sublease request and Stripe pre-authorizes the payment (escrow). The Lister has 3 days to accept the request. During this time the Lister and New Tenant should be in contact with the landlord to file any necessary paperwork and review how future payments will be made. The Lister should pay the landlord first month's rent during this step in the process if they haven't already. 


In addition to the official new lease, the New Tenant and the Lister should sign a side contract* if the Lister is offering rent at a discount. The landlord is still expecting to collect the actual rent amount that the Lister currently pays. A side contract would also be a good idea if the Lister is subleasing their space (not releasing) and still has to maintain responsibility of their space.  

Step 3: When the new lease is signed and keys have been delivered, the New Tenant manually verifies the transaction or the transaction is automatically verified after 90 days.

Stripe then gives the money to the Lister. LeaseLine charges the Lister a 4% processing fee. 

*Here's an example of a side contract you can create: 

If you have any other questions or recommendations for LeaseLine, please contact our team at leaselineteam@gmail.com