The Ownership % feature allows you to define how a property is shared between multiple owners. This is particularly useful for landlords who co-own properties (i.e. spouses or business partners), who need accurate records for tax and reporting purposes.
📌 Why This Matters
Property ownership is often split between husband and wife or business partners. Defining the ownership percentage helps:
Allocate income and expenses correctly for each owner
Simplify tax reporting and profit/loss distribution
Maintain accurate records for your portfolio
🔄 How to Set Ownership %
Go to the relevant Property and open the Contacts > Owners tab.
Ensure there are two or more owners listed.
The "Split ownership %" button will only appear if there are multiple owners.
Click Split ownership %.
Enter each owner’s ownership percentage.
Ensure the total adds up to 100%.
Click Save to apply the split.
🔒 Note: You cannot save the ownership split unless the total is exactly 100%.
Example
If James and Nancy co-own a property:
James: 50%
Nancy: 50%
By defining this split, Landlord Studio can attribute rental income and expenses proportionally when reports are being grouped by owners.