Adding a unit within a property
You can breakdown the property into units and add these units within a property, on the Unit Tracking page.
Note: Ensure that:
• A deal is created.
• Full access is provided to the following Asset Management permissions:
• Property Tracking
• Units
• A property is added to a deal.
To add a unit within a property on a deal, perform the following steps.
| 1. | At the top-left of the page, click Portfolio. |
| 2. | On the Portfolio page, click Deal ID or View for the deal you want to update. |
| 3. | On the left navigation menu, click Property. |
| 4. | On the Property page, click View for the property for which you want to add a unit. |
| 5. | On the Unit Tracking page, click + New Unit. |
| 6. | In the New Unit dialog box, enter the following information. |
| Field | Description |
|---|---|
| Unit Details | |
| Unit Name |
The name of the unit. This field is mandatory. |
| Unit Type |
The unit type such as Single Family Detached, Room, Condominium, Lot Under Development, and so on. This field is mandatory. |
|
Occupancy Status |
The occupancy status such as Occupied, Vacant and so on. |
|
Sales Status |
The sales status such as Spec, Model, Presold and so on. |
|
Unit Size SF |
The square footage of an individual unit. |
|
Rentable SF |
The rentable square footage of an individual unit. |
|
NRSF% |
The net rentable square footage (NRSF) is the percentage ratio of Rentable SF to Unit Size SF. |
|
Monthly Market Rent |
The monthly rent of a similar unit in the local market. |
|
Payoff / Release Details |
|
|
Min. Release Price |
An amount associated with an asset (such as property) that serves as a threshold for releasing the lienholders interest. its . It ensures that the asset is not sold below a certain value. |
|
Payoff Quote |
The exact amount of money required to pay off the units commitment completely. |
|
Payoff Quote Date |
The date by which the payoff quote was issued. |
|
Actual Release Price |
The actual price to release the lienholders interest in the unit. |
|
Amount Received |
The amount received against the Payoff Quote. |
|
Date Received |
The date when the amount was received against the Payoff Quote. |
|
Date Released |
The date when the lienholders interest was released from the unit. |
| 7. | Click + New Unit. |
A message is displayed indicating that the unit is created successfully.
