Set A Property Up As Shared Ownership
IMPORTANT: This should be setup before Receipting any money, as when you change the ownership on a property this will not affect any monies already receipted.
- Go to the Property record and click the Property Tab. You will then see who the current Landlord is set as.
2. To add a New Landlord to this record click on the + Button underneath the existing Landlords name, and then search for the new Landlord in the search box. Change the Percentage of the share to reflect how much each person owns. You can add multiple Landlords in the same way.
3. Save the property record for the changes to remain. Going forward any monies you receipt on the tenancy or any expenses or fees you raise on the property will now be split between the Landlords depending on the percentage of ownership that they own.