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This functional module holds information such as location, floors, total building area, individual unit areas (split into different area types), property tax, value assessment, property managers, stakeholders, managers, facilities, history log, etc. Such information can be used when entering into contracts/leases.

By leveraging this function, you can handle calculation of rentals and fees via a comprehensive price/rate setup. There is an optional setup of billing frequency (example, monthly, quarterly, one-off etc.), starting period and collection cycle. You can also manage price adjustment for the leases, including step rent and indexation.

The central component in property management is the contract (lease agreement). This module holds information related to lease agreement. Functionally, you can attach an unlimited number of lines of different types of a contract. For example, lease lines (with or without different units) for apartments, offices, retail, maintenance, electricity, prepayments, deposits, etc. On the individual lease line, information such as lease terms, conditions, adjustments, prices, and periods are used, as a starting point for invoicing.

This function allows you to handle utilities billing, both as flat rate payments and as prepayments, with meters attached to the lease line. Registration of actual meter readings are compared to the prepayments to create the reconciliation/final settlement of consumptions.

This function allows you to setup different cost pools for different purposes (example, retail tenants or all tenants). It gives you the option to manage multiple cost pools/allocation rules per property. You can also setup other expense types such as cleaning, maintenance, security, marketing etc., as needed and capture vendor invoices, prepayments, and reconciliation of expenses.

This functionality helps you handle management fees, franchises, commissions, etc. You can set up rules for calculating fees, like percentage breakpoints. You have the option to use tables in the Microsoft application for the same (for example: projects, cash receipts, revenue, etc.). Automated fee calculation and billing are also managed (including automated intercompany posting).

You can use the percentage rent (turnover rent) function for several purposes, such as handling breakpoint and percentage set-up and percentage rent calculation, related to the lease line. It also offers flexible configuration of reporting and billing periods and centralized control over actual turnover reporting. You can further capture actual tenant sales (turnover) manually or by importing the data.

Depending on the parameter setup and approval procedures, this function helps you generate single or multiple invoice proposals automatically with a single keystroke, for all legal entities or a subset of legal entities. The calculation also includes rent increase during the period, retrospective changes in agreements, billing frequency, and prepayments. After generating the invoice proposals, it is possible to perform a single or mass approval and transfer the proposal for the final invoicing.