What Is a Property Management Account?

Accuracy and transparency of transactions play important roles in real estate management. Managers use a property management account, a special financial instrument for organizing and controlling financial transactions related to real estate or other valuable assets, to conduct activities competently. 

Detailed analysis of asset management account definition

Let's take a closer look at an asset management account. In simple words, it is a separate bank account designed to manage income and expenses related to a specific real estate object or a company's set of assets. This tool is used to properly segregate finances, which then simplifies the process of tracking transactions and obtaining financial statements.

If you are planning to use this instrument in your activities, we recommend that you consult fund formation lawyers. Our team is ready to help you register your own company/fund or purchase an existing one based on the legislation of the Czech Republic, obtain a license for payment systems, or consult in related matters. To do so, please leave a request on our website.