Adding a New Owned Property (Landlord Version)

To add a new owned property, go to the ‘Property’ module and select ‘New Property’

 

 

 

Type in all relevant information such as Property Details & Marketing, including the finance section: Target Rent (this is not actual rent, this is rent you would like to receive if the property is re-advertised and the same applies to Target Deposit)

(For multi-company make sure that the correct company is selected under Company field)

Sage Department is allocated automatically (next available department code)

Ownership - Here you are specifying management type for that property which determines the Rent Nominal. On this procedure property should be ‘Owned’ (see below) and the Rent Nominal code should be from the 4000 range.

 

If you are a landlord and your property is managed by an external agent who charges you a monthly commission, after you have selected Owned- single click on Management and select Managed by Letting Agent and add your external agent information.

Agent- select the agent from drop down list or if this is a new agent not yet in the list, add to contact list and select after you have added.

Flat fee- if agent charges commission as a flat fee on the property rather than percentage on rent income.

Percentage %- commission charged as a percentage on the rental income.

Fee nominal- select nominal against which you want to post the agent commission charge to.

Fee VAT- if the agent charges you VAT on commission select 1 - if not Vatable - select 9.

 

We keep deposit- tick if you keep the tenant deposit and not the agent; leave it blank if agent keeps tenant deposit

Once all details are applied select ‘Done’ from top left corner.

Once all the property record is complete select ‘Save and Exit’ from top left corner.

 

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