How to create a shared ownership in RMS

In RMS, you can have up to 5 x different Owners share in one management.

If you have 2-3 Owners for a Property but 1 x Bank Account, you would only set up 1 x Owner.
If there are multiple bank accounts for each Owner, then you will need to have 1 x Owner setup per Bank Account. 

Shared ownership must be setup when you are connecting your Owners to their Property.

Please see an example below of how to connect 2 x Owners who have an equal 50% share on one Property.

1. On the 'New Contract for Area' page, select the Owner tab
2. Click the Add button
   
   
   
   
3. Add the first Owner for this Property 
   NOTE: You will not be able to change the Share percentage until the second Owner has been added.
   
   
4. Click Save/Next
   
   
   
   
5. Add the second Owner for this Property 
6. Update the Share percentage as required e.g. 50 %
7. Click Save/Exit
   
   
   
   
8. Click Save/Exit on the 'New Contract for Area' page
   
   
   
   
9. Click Save/Exit on the 'Edit Area' page
10. Click Save/Exit on the 'Edit Room Type' page

IMPORTANT: Please ensure you have Logged out and back into RMS before setting up EOM Expenses for a Property.