How do I add or change a Management Company on a Head Property?

Zenya Allen
Zenya Allen
  • Updated

Th steps below show you how to add a new Management Company and how to change a Management Company on the Head Property.

This article includes: 

New Management Company

  1. Click Management Companies on the side menu
  2. Click the New icon on the toolbar
    1. Company Name - Add the name of the block to which it relates
    2. Salutation - Type Sir or Madam
    3. Address - Add the address of the block
    4. Full Name - Type the full name of the company if it's different to the Company Name
    5. Status - Select Block
  3. The Bank Details tab is already displayed
    1. Bank Name - The name of the Landlords bank 
    2. Payment Type - Not required as the Management Company is always set to Retain All 
    3. Sort Code, Account No. Account Name - Add the Management Company bank details 
    4. Portfolio Manager - Select from the dropdown menu, if required
    5. Statement Number - Indicates the next number and can be edited, if required
    6. Statement Content - Leave Standard ticked
    7. Sinking Fund - Tick if you want to view the sinking fund payments 
  4. Click the Managed Properties tab
    1. After you have linked a Head Property to this Management Company, it will be displayed
  5. Click the Bank Accounts tab
    1. Click in the first blank line and select the bank account for this Management Company
    2. Click to Retain All
  6. Click the disk icon, Save this record, on the toolbar

Change Management Company

  1. Double click Properties from the side menu
  2. Click Search for Head Properties Only
    1. Search for the relevant Property using Search Text by Name, Code or Status
    2. Alternatively, find the Property using Additional Options from the dropdown menu
    3. Or select a Branch if multi branch is set up on your CFPwinMan
  3. Click on the Property
  4. Click Change next to Management Co
  5. A message appears confirming if you are sure you want to change the Management Company. Click Yes to continue
  6. Select the new Management Company from the list
  7. Click OK