When a property is owned by more than one landlord, you can set their ownership share.
The first process allows the percentage of ownership to show on the landlord's statement (for tax purposes).
The second process details how to instruct a split payment to each landlord in accordance with their percentage of ownership.
1. Change Ownership Split to Show on Statements (for tax purposes):
Make sure that the owners are linked to the property
Go to Owners > Property-landlord links
Search for the landlord or linked property
Click on the amount in the Percentage ownership column to change the value
Click OK
This will allow the ownership share to show on the landlord's statement.
2. Change Ownership Payment Split (For Payments Instructed to the BACS Schedule)
Go to Lettings Properties > View Properties
Click the pencil icon against the property in question to edit it
Click on the Finance tab
Enter the bank details of each landlord
Enter the percentage of ownership which each landlord possesses
Scroll to the bottom of the page and click Update Property
Note: The percentage of share per landlord cannot go beyond one decimal place ie. a share can be set to 33.3% but not 33.33%, and so on
The percentages entered must total 100%