Commercial Properties
Offices, shops and warehouses, where the lease is a negotiated commercial instrument and the service charge is a reconciliation exercise rather than a flat fee.
Landlords and managers of let commercial space.
What makes this hard
Service charge has to reconcile
Tenants pay on estimate through the year and are entitled to see the actual, apportioned by floor area, at the end of it.
Escalations and reviews are missed
A rent review clause nobody diarised is money the landlord simply does not collect.
Withholding on commercial rent
Applied at source, and getting it wrong is a liability rather than an inconvenience.
What Domicium does about it
Service charge and CAM reconciliation
Estimated charges through the period, actuals apportioned at the end, and the difference billed or credited.
Commercial Leasing & CAMEscalation rules on the lease
Set the rule once and reviews become a date the system knows about rather than a note in someone's diary.
Commercial Leasing & CAMGhana VAT and withholding at source
Levies compute on the net and VAT on net plus levies, which is what produces the compounded effective rate.
Ghana VAT & Withholding
The screens you would live in
Captured from the running product, not drawn. Every figure came out of the database through the same code a customer uses.
What it does not do for commercial properties yet
- No lease-abstraction import — an existing commercial lease is keyed in rather than parsed from the document.
- Turnover rent is not modelled.
Run commercial properties on Domicium
Start with one property and the ledger behind it. Nothing here needs a migration project to be useful in week one.