> For the complete documentation index, see [llms.txt](https://help.immodio.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.immodio.app/en-start/guides-group/properties/property/basic-data-object/store-multiple-owners-in-one-object.md).

# Store multiple owners in one object

If a property belongs to several owners jointly, but the property is not part of a condominium owners' association (WEG), this can be mapped in Immodio via a common **participant**.

To this end, the individual owners are first classified as separate participants of the type "**Other**". Then another participant is created that links these people together. This common participant can then be selected as the owner in the property.

**Case A: Property owned by a company**

If the property is held by a company and the company acts as the owner or landlord, designate the **company as a participant of the type "owner"**. You then enter the company as the owner in the basic data of the corresponding property. In Immodio, the deposited owner is the participant assigned to the property and acts as the landlord.

> **Immo-Liegenschaften-Beispiel GmbH**

The individual shareholders must **not** additionally be deposited as their own owners in order to be assigned to the property.

{% hint style="info" %}
For your internal documentation, you can also create the individual partners as participants of the type **"Other"** and link them in the **"People"** tab in the company acting as the owner. Further information can be found [**here**](https://help.immodio.app/en-start/guides-group/parties/links-between-those-involved).
{% endhint %}

**Case B: Property with several co-owners**

If the property is owned jointly by several people, e.g. in the case of co-ownership by fractions, you represent the owners **for management in Immodio via a common participant**. In the case of fractional ownership, ownership is legally vested in several persons according to their respective fractional shares.

In this case, create a common participant of type **"Owner**\*\*Use a unique designation that indicates the community, for example:

> **Fractional community: M. Mustermann, E. Musterfrau, J. Example, S. Example**

Then store this joint participant in the basic data of the property as the owner.

{% hint style="info" %}
You can also create the individual co-owners as participants of the type **"Other"** and link them in the joint owner under the **"People"** tab. In this way, the individual persons remain traceable for your documentation in Immodio. Further information can be found [**here**](https://help.immodio.app/en-start/guides-group/parties/links-between-those-involved).
{% endhint %}

#### Explanation of the procedure

{% stepper %}
{% step %}
**Create all owners as participants**

Before several owners can be stored in the property, the individual owners must be created under **Participants**.

To do this, first create the following participants, for example:

* **Georg, Preuning**
* **Martha, Preuning**

{% hint style="info" %}
The two parties can be created as both **"Owner"** and **"Other"**, this is not relevant for further processing. However, if further objects + units are created in which one of the participants is the sole owner, the creation of the participant type **"Owner"** is recommended.
{% endhint %}
{% endstep %}

{% step %}
**Create a joint participant**

After the individual owners/parties have been created, create another participant.

This participant can, for example, be given the name **Bruchteilsgemeinschaft: G. Preuning + M. Preuning**. It is used to store the several owners together as one owner in the property.

To do this, proceed as follows:

1. Open the menu item **Participants**.
2. Create a new participant.
3. For Type, select **Owner** as **Company**.
4. Enter the name of the **fractional community chosen in this example: G. Preuning + M. Preuning**.
5. Save the stakeholder.
   {% endstep %}

{% step %}
**Link people**

Now open the newly created joint participant, e.g. **Community of fractions: G. Preuning + M. Preuning**

Navigate to the **People** tab. In this tab, links to other participants can be established.

From the list of all participants here, select the previously created owners:

* **Georg, Preuning**
* **Martha, Preuning**

If you select the type **"Shareholder"**, you can then document the exact amount of the shareholding.

{% hint style="info" %}
The specification of the DATEV participant number is optional and serves to break down the DATEV export to your tax advisor even better. The DATEV participant number must correspond to the official number from the declaration of assessment and may not be assigned arbitrarily. You will receive the DATEV participant number from your tax advisor.
{% endhint %}

Then save your entries.
{% endstep %}

{% step %}
**Enter a common owner in the property**

After the links have been made, the common participant in the property can be selected as the owner.

To do this, follow these steps:

1. Open the desired property.
2. Switch to the **Basic data** tab.
3. In the **Owner** field, select the previously created joint participant, e.g. **Fractional community: G. Preuning + M. Preuning**.
4. Save the property.

This means that several owners are now deposited in the property via a common participant and are referenced accordingly in the rental agreement.
{% endstep %}
{% endstepper %}