What Is a Property Ownership Transfer?
A property ownership transfer updates which owner receives Owner Statements starting from a specific month. This is useful when a property changes owners or management responsibilities shift over time.
Importantly, ownership transfers do not overwrite historical data. Published statements remain associated with the owner who was active during that time.
What Happens When Ownership Changes?
When you transfer ownership of a property:
Published statements stay with the original owner
Past statements are never reassigned or modified.Draft statements move to the new owner
Any unpublished statements are automatically reassigned based on the new ownership period.Each statement shows the correct owner
The statement list reflects the owner tied to the statement’s date range—not just the current owner.
This ensures accuracy for reporting, audits, and owner communication.
Types of Ownership Transfers
The type of transfer available depends on whether statements have already been published.
Full Transfer
A full transfer is available when no Owner Statements have been published for the current owner.
Ownership can start from any month
The original ownership period is fully replaced
No historical statements are affected
This is best used when ownership needs to be corrected before statements are finalized.
Partial Transfer
A partial transfer applies when one or more statements have already been published.
Ownership starts from the month after the last published statement
Published statements remain with the original owner
Future (and draft) statements move to the new owner
This ensures published financial records remain accurate and unchanged.
How to Transfer Property Ownership
To transfer ownership of a property:
Go to the Operations ➜ Owner Management ➜ Properties
Click on the property with the ownership change
Select Transfer Ownership
Choose the new owner
Select the starting month
Confirm the transfer
Once confirmed, ownership updates take effect according to the rules outlined above.
Ownership transfers always begin on the first day of a month.
Viewing Ownership History
Each property now includes a complete ownership history.
From the property page, you can view:
All past and current owners
The active date range for each ownership period
This provides a clear timeline of ownership changes and helps with audits or reconciliations.
Deleting an Ownership Period
You can delete the current ownership period if no statements have been published for that owner.
When an ownership period is deleted:
The previous owner is restored (if one exists)
No published statements are affected
If statements have already been published, the ownership period cannot be deleted.
Important Rules to Know
Please keep the following rules in mind when transferring ownership:
Ownership transfers always start on the 1st of a month
Published statements never change owners
Draft statements are automatically reassigned to the new owner
Statement ownership is determined by date range, not current ownership
These rules are in place to protect the accuracy of financial records.
Common Questions
Can I transfer ownership mid-month?
No. Ownership transfers always start at the beginning of a month.
What if I already published a statement for this owner?
You’ll be able to perform a partial transfer starting from the following month.
Will past statements update to the new owner?
No. Published statements always remain with the owner who was active at that time.
Need Help?
If you’re unsure which transfer option applies to your situation or want help reviewing ownership history, our support team is happy to assist. [email protected]