Follow the steps below to create a commercial unit:
Go to Property Management > Property.
Step 1: Create a property
- Click ‘+New Property‘
- Property Name & Address
- Enter the property details: Name and detailed Address (you can search the address and it will be filled automatically)
- Click Next
- Select the property type as ‘Commercial.’
- Property Contact Info
- For CAM calculation
- Type the ‘Area For CAM Calculation’ in sqft of the property.
- Select the Calculation Method
- Set $/Area- Will not take into account the property area.
- Manual Base$- Will take into account the property area.
- Select the Commercial Rent Tax (tax rate depends on the area of your property)
- Click Next
- For CAM calculation
- Property Default Operating Account
- Select the Default Operating Account (you can add a new Account here too)
- Auto-generate Rental Invoice Turn On or Turn off (‘Rental Invoice’ will be generated automatically if you turn it on, or else it won’t)
- Select the Property managed by
- Click Next
- Review Property Info & Submit
- You can review all the information provided and make sure everything is appropriate.
- Click Submit
You will be prompted for ‘successfully creating a property’ and asked to add a single unit.
Step 2: Add Commercial Uni
To add a commercial unit, click ‘Yes, let’s add a single unit.’
Fill in the Unit Information:
- Unit Number
- Check ‘This is a commercial unit?‘
- For Commercial Rent Calculation, provide:
- Unit Area (sqft)
- Yearly Rate ( /sqft)
- Add the Total Number of Rooms and Number of Washrooms
- Click Submit
The Unit is created. This is a Commercial Unit, shown on the top right, and its status is Active.