Re-Leased lets you assign owner ledgers to multiple properties, giving you greater flexibility in managing owner funds across a portfolio — consolidating financial management while still providing detailed, property-specific reporting.
Note: Multi-Property Owner Ledgers is currently in Beta. To enable it, go to Settings > Available Betas.
Key Benefits
Streamlined fund management — eliminate the need for separate ledgers per property.
Cross-subsidise properties — easily support less profitable properties without complex inter-ledger transfers.
Comprehensive reporting — show owners the profitability of each property in a single consolidated statement.
Reduced administrative overhead — manage owner finances more efficiently with fewer ledger accounts.
How Multi-Property Statements Work
When an owner ledger is assigned to multiple properties, the Separate Balances Statement format automatically groups and displays all transactions by property. This is the only statement format that supports multi-property ledgers.
Statement Structure
Summary — All Properties
The opening section presents a consolidated summary of the entire owner ledger across all assigned properties — combined income, expenses, fees, and cash positions at a glance.
Property Summary
Individual property summaries follow, showing the financial performance of each property with its own totals. A No Related Property summary captures any transactions not linked to a specific property.
Income Section
Income transactions are grouped first by property, then by tenancy within each property. Includes an "Other income" group for non-tenancy income and a "No Related Property" group.
Expense Section
Expenses are organised by property and categorised by chart of account codes, with a "No Related Property" group for unassigned expenses.
Fees Section
Management fees are grouped by property and fee type, with outstanding unraised fees and a "No Related Property" group included.
Owner Disbursements
The final section shows all payments made to the owner during the statement period, providing complete transparency about fund distributions.
Best Practices
Use descriptive property names to make statements easy to read.
Regularly review "No Related Property" transactions and assign them to the correct properties where possible.
Maintain consistent property assignment practices across your team.
Use the Separate Balances Statement format for multi-property ledgers to ensure proper display.
For Asia-Pacific customers, the term "Trust Account" is used. European customers refer to this as "Client Account". Client/Trust Accounting is not available to customers in North America. For more information on regional terminology, see our Glossary of Regional Terminology.