Updating condo fees is an essential part of property management. In Propra, condo fees can be adjusted or updated to reflect changes for each unit in a property. Follow the steps below based on your specific needs:
Access the Properties Menu
On the side menu, click Properties.
Locate the Property
Find the property where the update is needed.
Click the kebab menu (three dots) next to the property name and select Update Condo Fees.
Choose Fee Allocation
Select how condo fees should be divided:
Split by Unit Factor: Fees are calculated proportionally based on unit factors.
Even Split by Unit: Fees are evenly distributed across all units.
Enter Adjustments
If adjusting existing condo fees, select Enter an adjusting amount and input the monthly increase amount.
Update Other Fees (Optional)
To adjust other fees, select Update other monthly fees on condo unit.
Click Add Fee and choose the applicable fees to update.
Review and Finalize
Verify each unit's fees. Make individual changes as needed.
Optionally, export the unit listing to a spreadsheet by clicking Export.
Save Changes
Once all updates are confirmed, click Save to apply the new fees.
Note: The updated fees will reflect in all relevant reports and payment schedules immediately.