# Rent Payments

How to pay rent through Built By DAO's on-chain system and earn EQTBLT equity with every payment.

***

{% hint style="info" %}

### 💳 Payment Overview

{% endhint %}

|    💵 Currency    |    📊 Equity    |  ⏱️ Due Date |    📱 Method    |
| :---------------: | :-------------: | :----------: | :-------------: |
| USDC (stablecoin) | 7-12% to EQTBLT | 1st of month | On-chain or app |

{% hint style="info" %}
**🎯 Every rent payment builds your equity stake in the DAO**
{% endhint %}

***

{% tabs %}
{% tab title="💳 How to Pay" %}

### 💳 Payment Process

#### Step-by-Step

| Step | Action                     |
| ---- | -------------------------- |
| 1️⃣  | Ensure USDC in wallet      |
| 2️⃣  | Connect wallet to platform |
| 3️⃣  | Navigate to "Pay Rent"     |
| 4️⃣  | Review amount due          |
| 5️⃣  | Approve USDC transfer      |
| 6️⃣  | Confirm payment            |
| 7️⃣  | EQTBLT minted to wallet    |

***

#### Payment Methods

| Method                 | Description                       |
| ---------------------- | --------------------------------- |
| 🖥️ **Web app**        | Pay through housing portal        |
| 📱 **Mobile wallet**   | Direct from Coinbase Wallet, etc. |
| ⚙️ **Direct contract** | Call payRent() function           |
| 🤖 **Auto-pay**        | Set up recurring payments         |

***

#### Accepted Currencies

| Currency    | Status             |
| ----------- | ------------------ |
| 💵 **USDC** | ✅ Primary          |
| 💵 **USDT** | ✅ Accepted         |
| 💵 **DAI**  | ✅ Accepted         |
| 🔷 **ETH**  | ⚠️ Converted first |

***

#### What Happens After Payment

```
Payment confirmed:
1. Rent split calculated (equity + treasury)
2. EQTBLT minted (7-12% of rent)
3. EQTBLT sent to your wallet
4. Remaining rent to treasury
5. Payment recorded on-chain
```

{% endtab %}

{% tab title="📊 Equity Earning" %}

### 📊 How Equity is Calculated

#### Base Conversion Rate

| Rate Type      | Percentage |
| -------------- | ---------- |
| 🔢 **Default** | 10%        |
| 📉 **Minimum** | 7%         |
| 📈 **Maximum** | 12%        |

***

#### Rate Bonuses

| Factor                    | Bonus |
| ------------------------- | ----- |
| ⏱️ **24+ month lease**    | +1%   |
| 🔄 **Lease renewal**      | +0.5% |
| 🏠 **Affordable housing** | +2%   |

***

#### Example Calculation

**Monthly rent: $1,500 at 10% rate**

| Component               | Amount |
| ----------------------- | ------ |
| 💳 Total rent           | $1,500 |
| 💎 Equity portion (10%) | $150   |
| 🏦 Treasury portion     | $1,350 |
| 📊 EQTBLT minted        | 150    |

***

#### Rate in Your Lease

Your rate is specified in basis points:

| Basis Points | Percentage |
| ------------ | ---------- |
| 700          | 7%         |
| 1000         | 10%        |
| 1100         | 11%        |
| 1200         | 12%        |

Rate is **locked for your lease term** and cannot decrease.
{% endtab %}

{% tab title="⏱️ Timing & Fees" %}

### ⏱️ Payment Timing

#### Due Dates

| Type               | Timing            |
| ------------------ | ----------------- |
| 📅 **Due date**    | 1st of each month |
| ⏳ **Grace period** | 5 days            |
| ⚠️ **Late after**  | 6th of month      |

***

#### Late Fees

| Scenario                 | Fee             |
| ------------------------ | --------------- |
| 📅 **On time (1st-5th)** | No fee          |
| ⚠️ **Late (6th+)**       | 5% of base rent |

***

#### Late Payment Example

**$1,500 rent, paid on the 10th**

| Component        | Amount               |
| ---------------- | -------------------- |
| 💳 Base rent     | $1,500               |
| ⚠️ Late fee (5%) | $75                  |
| 💰 **Total due** | **$1,575**           |
| 💎 EQTBLT earned | 150 (base rent only) |

**Note:** Late fees do NOT earn EQTBLT.

***

#### Early Payment

| Scenario               |       Allowed?       |
| ---------------------- | :------------------: |
| 📅 Pay before 1st      |         ✅ Yes        |
| 💰 Pay multiple months | ❌ No (one at a time) |
| 🎁 Extra payment       |   ❌ Returns excess   |
| {% endtab %}           |                      |

{% tab title="⚙️ Technical" %}

### ⚙️ On-Chain Payment

#### Contract Interaction

```solidity
function payRent(uint256 leaseId) external nonReentrant
```

**Requirements:**

* Active lease with caller as renter
* Sufficient USDC approved
* Current period not already paid

***

#### Payment Flow

```solidity
1. payRent(leaseId) called
2. Contract checks lease active
3. Calculates: baseRent + lateFee (if any)
4. Transfers USDC from renter
5. Calculates: equityPortion = rent × rate / 10000
6. Mints EQTBLT to renter
7. Transfers remaining to treasury
8. Emits RentPaid event
```

***

#### Events Emitted

```solidity
event RentPaid(
    uint256 indexed leaseId,
    address indexed renter,
    uint256 amount,
    uint256 equityPortion,
    uint256 eqtbltMinted
);

event LateFeeApplied(
    uint256 indexed leaseId,
    uint256 feeAmount
);
```

***

#### Check Rent Due

```javascript
const { baseRent, lateFee, total, isLate } =
    await rentalContract.getRentDue(leaseId);

console.log(`Due: $${total / 1e6}`);
console.log(`Late: ${isLate}`);
```

{% endtab %}

{% tab title="🤖 Auto-Pay" %}

### 🤖 Automatic Payments

#### Setting Up Auto-Pay

| Step | Action                         |
| ---- | ------------------------------ |
| 1️⃣  | Navigate to "Payment Settings" |
| 2️⃣  | Enable "Auto-Pay"              |
| 3️⃣  | Approve recurring allowance    |
| 4️⃣  | Confirm setup                  |

***

#### How It Works

| Aspect              | Description              |
| ------------------- | ------------------------ |
| 📅 **Timing**       | 1st of each month        |
| 💳 **Source**       | Your connected wallet    |
| ⚠️ **Fallback**     | Manual pay if auto fails |
| 📧 **Notification** | Email before and after   |

***

#### Requirements

| Requirement               | Detail                     |
| ------------------------- | -------------------------- |
| 💰 **Sufficient balance** | USDC in wallet             |
| ✅ **Approval**            | Contract approved to spend |
| 🔗 **Active connection**  | Wallet connected           |

***

#### Managing Auto-Pay

| Action         | How                          |
| -------------- | ---------------------------- |
| 🔄 **Modify**  | Payment Settings → Auto-Pay  |
| ❌ **Cancel**   | Toggle off + revoke approval |
| 📊 **History** | View past auto-payments      |
| {% endtab %}   |                              |

{% tab title="❓ FAQ" %}

### ❓ Payment FAQ

**What if I don't have USDC?** You can swap ETH or other tokens for USDC on exchanges or use the platform's swap feature.

***

**Can I pay with a credit card?** Not directly. You would need to purchase USDC first, then pay.

***

**What if my payment fails?** The transaction will revert. Check your USDC balance and approval, then try again.

***

**Can someone else pay my rent?** Yes, through the payRentFor() function (admin only) or by sending you USDC first.

***

**Is there a payment deadline within the day?** No specific time. Any time on the 5th (or earlier) is on-time.

***

**Do I earn EQTBLT on security deposits?** No. EQTBLT is only earned on rent payments.

***

**What's the gas cost?** Minimal on Base L2. Typically $0.01-$0.10 per transaction.

***

**Can I see my payment history?** Yes. Dashboard → Housing → Payment History shows all payments and EQTBLT earned.
{% endtab %}
{% endtabs %}

***

<details>

<summary>📊 Monthly Payment Breakdown Example</summary>

**$2,000/month rent, 11% equity rate, paid on time**

| Item                 | Amount    |
| -------------------- | --------- |
| 💳 **Base rent**     | $2,000.00 |
| ⚠️ **Late fee**      | $0.00     |
| 💰 **Total paid**    | $2,000.00 |
|                      |           |
| 💎 **Equity (11%)**  | $220.00   |
| 🏦 **Treasury**      | $1,780.00 |
|                      |           |
| 📊 **EQTBLT minted** | 220       |
| ⛽ **Gas cost**       | \~$0.05   |

**Net payment: $2,000.05** **EQTBLT received: 220**

</details>

***

{% hint style="success" %}

### 🔗 Ready to Pay?

1. 💰 Ensure USDC in wallet
2. 🔗 Connect to housing platform
3. 💳 Pay rent and earn EQTBLT
4. 📊 Watch your equity grow
   {% endhint %}

***

## 🔗 Related Pages

{% content-ref url="/pages/OiWYwch32aM3GCGK7BHh" %}
[Overview](/equity-and-membership/equity-leases.md)
{% endcontent-ref %}

{% content-ref url="/pages/JxkR5zUnET7Ppq6pfpCO" %}
[How Equity Works](/equity-and-membership/how-it-works.md)
{% endcontent-ref %}

{% content-ref url="/pages/YXcXmGr1hJETepKv57Vb" %}
[Paying Rent](/guides/pay-rent.md)
{% endcontent-ref %}

{% content-ref url="/pages/4dyHkNojNrIrQGavsuXD" %}
[EQTBLT Token](/token-economy/eqtblt.md)
{% endcontent-ref %}


---

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