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.
The splits you’ve set up are currently reflected in the Income Expense Report.
To view them:
Go to Reports
Open the Income Expense Report
Use the report filters
Set Group By to Owner
Select the owner or owners you want to include
Once you do this, the report will display the amounts split by owner accordingly.
