Managing properties

Setting up a property is quick: a name, an address, and the owning legal entity. Add the spaces within it so leases have a unit to attach to.

Example: a two-suite asset

You acquire a retail asset with two units.

1. New property → "Maple Plaza", with its address and owning legal entity.
2. Add two spaces: "Suite 100" and "Suite 200".
3. As tenants execute leases, capture each against the property and its space — see Creating a lease.

Maple Plaza is now ready to lease, bill, and report against.

Create a property

1. Go to Properties and select New property.
2. Enter the name and address.
3. Select the owning legal entity.
4. Save. The property is now selectable wherever a property is required.

Add spaces

1. Open the property and go to Spaces.
2. Add a space per leasable unit — "Suite 100", "Suite 200", and so on.
3. Save. Spaces become available when capturing a lease against the property.

Deactivate a property

To take a property out of use, mark it inactive rather than deleting it. Posted history and prior-period reporting are preserved; it is removed from selection on new activity.

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