Home
Features
Development

The property project tracked through to the units entering the portfolio

A development project runs over several years: acquisition, studies, permits, works. TSC Immo tracks it in Odoo, with its accounting, through to the units entering the portfolio or to resale.

Module immo_developmentOdoo 19 Enterprise

Request a demonstration Read the step-by-step guide

The project and its budgeted phases

Each project holds its origin (land or existing property), its destination (rental portfolio or resale), its address, its cadastral reference, its land area and its phases, for example acquisition, studies and permits, works. Each phase has its budget, its planned dates and its actual dates. The “Delayed phases” filter finds those whose planned end date has passed.

Project Résidence Belle-Vue, Phases tab: Résidence Belle-Vue, rental portfolio destination, at the Works stage: three phases for a budget of €2,250,000; the Works phase, in progress, shows a 20-day delay. — Résidence Belle-Vue, rental portfolio destination, at the Works stage: three phases for a budget of €2,250,000; the Works phase, in progress, shows a 20-day delay.

Permits and their deadlines

A forgotten permit can cost the project. Each permit (planning, environmental, single permit, demolition, subdivision, socio-economic authorisation) carries its date of filing, of grant or of refusal, its period of validity before lapsing and its appeal period. The lapse date and the appeal deadline are calculated. Each night, a scheduled task raises alerts on approaching lapses and appeal deadlines, including for a permit under appeal.

List of development permits: The four demonstration permits, Appeal deadline column displayed: PU/2024/1187 is under appeal and lapses in 65 days; PE/2024/0042, granted, in 450 days. — The four demonstration permits, Appeal deadline column displayed: PU/2024/1187 is under appeal and lapses in 65 days; PE/2024/0042, granted, in 450 days.

Cost price taken from the accounting

The project's purchase invoices carry its analytic axis. The cost price takes up these entries, broken down by nature and by phase, with the variance from budget. An expense posted to an unexpected account is flagged rather than absorbed.

Cost price of Résidence Belle-Vue by type and by phase — Résidence Belle-Vue: €1,693,700 cost price, of which €24,500 of financing costs (interim interest on the construction loan) allocated to the Works phase.

Handover: the units enter the portfolio

On handover, a wizard creates the building and its units from the project, and capitalises the cost price as the building's acquisition value. The units are immediately available for letting. Handover also sets by default the handover date and the warranties inherited from the project on the building and on each of its units.

Transfer on handover wizard for the Résidence Belle-Vue project — The wizard opened on Résidence Belle-Vue: acquisition value proposed at €1,693,700, cost price taken over by nature, two units entered as an example. Screen not validated.

Building created from the transfer of a project: handover and two warranties set automatically — The building created from the transfer: handover and two warranties set automatically.

Or resale

If the project is resold, the resale wizard records the disposal and calculates the result against the cost price. No unit then enters the portfolio.

See TSC Immo on your own cases

A demonstration on a database with fictitious data, then on your own management questions.

A solution

Connect. Transform. Grow.

Read the step-by-step guide Request a demonstration