How do I add or change a property's contract details?
ForProperty managers
Who can do this
Organization admins and members with Edit Properties.
Where to find it
Property → Actions → Add contract details, or Owners tab → Contract Details → Edit. Buildings have the same action in their Actions card.
Steps
- Open the "Contract Details" dialog.
- Choose the Ownership type: Sole owner, Joint owners or Partnership.
- In Property owner, pick the owner(s), or Add new owner to create one in the dialog. "An owner is required to create an owner contract for accounting and distributions."
- For a Partnership, enter each owner's percentage; "Total: N%" must reach 100. With two or more owners, choose the Contract payee (the owner who receives the payout).
- Under Management fee defaults, choose Percent of collected rent, Flat monthly or Hybrid · flat + percent and fill in Percentage rate, Flat amount, Minimum monthly fee and Reserve minimum.
- Turn on Vacancy fee to set a Vacancy fee amount.
- Select Save.
What happens next
No toast. The Owners tab shows Contract Details (Ownership type, Fee type, rates, Reserve minimum, Vacancy fee), new owners are linked to the property, and the property appears in Accounting → Distributions.
Good to know
- Owners already linked can't be removed in this dialog (remove them from the Owners tab). With Sole owner and an owner linked, the picker is locked: "To add another owner, choose Joint owners or Partnership."
- Cancel discards everything, including owners you picked.
Limits
Kera doesn't let you change the contract payee in this dialog once the contract exists; keep the current payee to save other changes. Contact Kera support if the payee must change.
Troubleshooting
"Couldn't save contract details": nothing was saved. "Add an owner above to set ownership stakes." means no owner is picked for a partnership.
Did this answer your question?