ApariPro can easily manage clients with jointly owned properties within their Landlord (UK property) Business. 

When adding a new UK property to the clients Landlord business, you can select if the property is jointly owned and the percentage share your client owns. If the remaining shares are held by another client/s of yours then you will only need to complete the records for this property once and the correct percentage of income, expense and profit is automatically sent to the owners ApariPro account. You can also create an export of the transactions for owners not yet using ApariPro.

1. Once impersonating a client go to  Profile & Settings and click on Business Sources and then Add new UK Property. 

NOTE: If this is the first property being created, click on Add new UK Property Business then Add new UK Property

2. Enter the details of the property:

• Type in a Name for the property

• Enter the correct and exact address of the property so that any imported rental statements will be allocated by Apari AI to the correct business source

• Toggle the joint property option to Yes and enter the % amount of ownership, finally select Confirm.

3. If the other owner is also using ApariPro, on the business sources screen, select the 3 dots by the newly created property and select Share and enter the email address of the client with whom the property is shared. 

4. Please ensure you adjust the date of when the Share transactions from to either the start of the tax year or from when the property was first jointly owned. 

NOTE: this is very important and cannot be edited afterwards. Any rental statements entered into the software prior to the date selected will not have income/expenses split between the owners.

5. Select Confirm.

Finally, if both clients are using ApariPro, go into the other client account,  navigate to Profile and Settings then Business Sources,  and you will be able to accept the shared property invite.  By completing this process any transactions created for the property on the client account who shared the property will be split between the two owners as per the percentage ownership split.