This article explains what is a property and how do add a new property.
Property is one investment that has one landlord - most often it is just one building, but sometimes it can include more than one building.
Examples: A property can be one office building. Or one mixed use building. Or a production complex with 3 buildings. Or a neighbourhood retail center with 2 buildings.
1. Add new property
Assets > Properties > + ADD NEW
Fill in the fields:
Property – add a name for the Property. This is a mandatory field. This name is used in your reports.
Code – if you want, you can add any marker you want to filter the Properties by (for example your fund identifier).
Property owner – click + and add the landlord name (for example, Real Estate Landlord Ltd) or if you have already added the Organization before, then just select from the drop-down list. Moderan links the Property name and Landlord name automatically to all the Buildings and Rental contracts linked to this Property. If you leave this field empty, all the Rental contacts linked to this Property will be missing the Landlord name. However, you can add it and also change it any time later (it then automatically updates the Landlord name on all the linked Rental contracts).
Value – if you want, you can add Property value for your information.
Notes – any notes you want to keep about the property.