Change of Ownership
Firstly, a new owner shouldn't not receive any payments until the settlement date has been reached. Any funds should be automatically held until the actual settlement date has surpassed. We have had an instance, where an owner received rental payments well before the property had actually settled, the settlement date subsequently changed and made it very hard to change the change of ownership date, not to mention that the owner didn't legally own the property at the time of getting the funds. Secondly, there should be a function allowing you to edit the change of ownership date.
Kylie Allan
shared this idea
We advise not running a change of ownership until the settlement date to avoid this situation occurring. As there can be transactions that take place within Property Tree, if changes are needed, the change of ownership can be cancelled and then processed with any required changes.