Within LoftyWorks, we have a multiple tiered structure comprising of Parent Properties, Properties and finally, Contracts.
Within LoftyWorks, the Property acts as the Rentable space. As part of this Residential Space, you can associate a Contract which represents the Tenancy. There are also Management duties that can be performed at the Property level including Task and Work Order Management, Compliance management, schedule Viewings and any required Finances.
If you are managing a Single-Unit Property, then you do not need to add a Parent Property. If you are, however, managing an HMO or a block of flats or an set-up where you have several Properties linked together, you can add a Parent Property.
The Parent Property provides you with the ability to link your Properties together to get a single picture of all the Properties within. At this level, you can add Tasks and Workorders, upload Compliance documentation, and conduct Pay-Outs and view finances at this level.
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