Basic data (property)

This page gives you a detailed explanation of all the fields in the "Basic data" tab of a property.

Basic data (property)

Under "Basic data" all basic information about the property is stored in Immodio.

General

Field	Explanation
Name of the property	Here you can enter your own name for the property, for example an abbreviation or an internal label such as "BS1" for the address "Burgstraße 1".
Does the property belong to one owner or to an owners' association?	If the property is a condominium owners' association (WEG), please select the "WEG" option. In all other cases select "Owner".
Property management (property)	If there is a property management or WEG management company (condominium owners' association) for the property, it can be recorded here. The prerequisite is that the property management company has previously been created in Immodio under "Parties" with the type "Service provider". Only then can a management company be assigned to the property. Please note that Immodio distinguishes between property management and WEG management.
WEG management	If the property is a condominium owners' association (WEG), a WEG management company can be stored here. The prerequisite is that the WEG management company has previously been created in Immodio under "Parties" with the type "Service provider". Only then can it be assigned to the property.
Owner	The owner of the property has to be stored here. You can add a new owner under "Parties". If the property is a WEG, the owner can only be recorded in the unit, since a WEG property usually has several owners.
Co-ownership share (total)	If the property is a WEG, the total co-ownership shares can be recorded here. You will usually find these figures in the declaration of division or in your WEG's annual statement. Stating a co-ownership share is optional. The advantage of maintaining these shares is that they are then listed automatically in the digital Immodio rental agreement, which can avoid possible disputes over the operating cost statement.

Address

Field	Explanation
Rent regulation	The Rent regulation field lets you record whether rules such as rent control and/or a reduced capping limit apply to the property. You can check here whether your property is affected.
The property is located near a busy road	If this box is ticked, it is taken into account accordingly in the digital Immodio rental agreement. This helps avoid possible misunderstandings or disputes with the tenant.
The property is located near a railway line	If this box is ticked, it is taken into account accordingly in the digital Immodio rental agreement. This helps avoid possible misunderstandings or disputes with the tenant.