There may be instances where a property is jointly owned by two or more landlords and this needs to be reflected in 10ninety for statement or contract purposes. 10ninety supports any number of joint landlords on a property.
How do I add a joint landlord?
First, please make sure that the landlords are added to the system (Lettings > Landlords > Add).
Then you would add the property as normal, using one of the landlords as the "main" or "lead" landlord. Once added, go to 'Property Details' on the right-hand side 'Property Menu'. You will see an option to 'Add Landlord' that will allow you to choose from a drop-down list of landlords uploaded to your system.
Please note that this option will not show if you have clicked 'Edit' at the top of the page.
'Include in signing'/ 'Include in statements' Options
When adding an additional landlord to the property, there are two further options to choose from:
1. to permit the additional landlord to sign any future contracts for the property
2. to include the additional landlord in landlord statements based on their percentage of ownership i.e. 50-50% split or 70-30% split.
This is chosen by ticking or unticking the two boxes:
How do I remove or change a joint landlord
There may be times when a joint landlords changes or needs to be removed from the property.
To delete a landlord:
- Go to 'Property Details'
- If the landlord that you wish to remove is currently the lead landlord, you will need to click 'Change' and choose an alternative from the dropdown menu.
- After completing that step or if the landlord is already an additional landlord, click on the name of the landlord that you wish to remove > delete.
If changing, you will need to make sure that the details of the new landlord are in the system before starting. When completing the second step above, please choose the new landlord's name from the dropdown menu.
Please do not change the landlord's name via 'Landlord Details'. All statements to date under the previous name will remain as well as changing the landlord's name on any other properties that they own instead of amending the details on one single property.
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