PROMOS management of condominiums

From a financial perspective, the entire condominium management can be processed via a house bank in an independent company code entirely separated from the owner. It is also possible to offset the rental income against the assessments to be paid. Mapping of rent guarantee agreements is also a component of the PROMOS solution.

By means of freely selectable settlement intervals, for example monthly or quarterly, payments from rental surpluses can be made to the owner, taking into account a potential base amount. The PROMOS solution also provides an annual statement for tax purposes.

With PROMOS condominium management, you also benefit from transactions for settlement using a settlement ID, which provides options for correspondence printing and special reports. Appropriate correspondence suggestions are available. In addition, with individual customising, you can summarise the items for presentation in the correspondence.

The operation costs, in particular property tax, can be posted to settlement units or direct costs and the tenant’s statement can be used. The items are summarised via the profit centre, to which every condominium contract is assigned. The owner’s balance is posted automatically and paid out as part of the payment run.