Landlord bank details

Hi,

I understand that the first month’s payment and deposit are processed through OpenRent, and at this stage, the Landlord’s bank details are not shared with the tenants.

However, I’m unclear whether OpenRent ever shares the Landlord’s bank details with the tenant if the Landlord opts not to use “Smart Rent Collection.” If the Landlord chooses to opt out of this service, are they expected to share their bank details directly with the tenant for payments made after the first month? Or, after the first payment, will the tenant be given access to the Landlord’s bank details? If so, where can they view them?

Thank you.

You would have provided your bank details on the tenancy agreement.

The Landlord’s bank details can be given to Open Rent at that stage, but they are definitely not recorded on the tenancy agreement nor viewable online to the Tenant when they make the first months payment.

Yes Openrent so share the Landlords bank details with the tenant. You are correct, they do not show on the Openrent tenancy agreement.

Do you know where they can see them?

No, but I’ve never had a tenant have to ask me for them, so it presumably is very obvious to them either online or via an email

Thanks. Odd that OpenRent do not state anywhere that these details are visible to the tenant after 1st payment is made, maybe because they want the landlord to opt into the “Smart Rent Collection” which means paying through Open Rent