• The Rental Real Estates  Management  Module from FBC is  based on  the Priority  ERP Platform and  handles all  the operational and financial aspects of income-producing assets management.
• The module can be run in several configurations:
  • For lessors   – The module will  be used to manage all the inventory of properties, their occupancy, and the periodic billing. This is especially relevant for owner companies that manage the assets themselves.
  • Management Company – Management Company – Management companies that do not own the assets but manage (for the owner companies) its inventory,  occupancy and periodic billing.
  • For lessees – The module can be also used, to manage the properties leased by lessees  to calculate the whole expenses involved.

General Features:

• The Module works in a Multi-Company environment. Every entity of the module can be managed by different financial companies. For example, one lease contract can contain billing rules from different financial companies.
• Sophisticated permission mechanism (editing/viewing permissions) in different levels as:
  • Companies /Branches
  • Site (a Complex of buildings )
  • Buildings
  • Billing Types (For example, not everyone has the permission to add/edit or view rental billings rules)
  • Standard Priority permissions also allow enforcement of  viewing / editing permissions of : Forms / Fields / Reports / Budget items / Agents and more.

• Managing ownerships,(or owners groups)  at one or more levels at each property.
• Managing splited unit (e.g. a store spread over two floors combined into one unit)
• Management of a central unit,  for renting several rental units in a consolidated manner.
• Mechanism for changes in rental units such as: area changes, unit consolidation, unit splitting, etc. The mechanism supports immediate changes, or future changes.
• Managing Lease contracts  with all the  needed elements such as:
  • Required guarantees
  • Actual guarantees
  • Rental units included
  • Billing rules at different billing frequencies, price linkage, and graces options
  • Manual and automatic extension options
  • Investments in property
  • Absorption of external meters
  • Managements  of lessee loans
  • A mechanism for changes in the contract such as extension, shortening, and postponement
  • Traceability and auditing
• one-time charges for leases, which can be charged ad hoc, or charged during the monthly billing period. Additional charges can also be received from various user-configurable file structures
• Billing mechanism for generating bulk invoices. A billing mechanism that allows the production of invoices according to multiple sections, such as: paying customer, billing type, production dates, coverage dates, billing month, etc. The mechanism allows also  billing splits during production, for multiple payments, deferred payments, billing for proforma invoices etc.
• Full connectivity to Priority’s accounting system.  Each invoice generated immediately creates a journal entry in the Priority system. The journal entry contains all the data from the operating module such as: billing type, contract number, site, structure, floor, unit, branch, etc.