A property management accounting form is used by property owners to keep track of the properties that are held by them. It helps in detailed maintenance and managing property in an organized manner. This form helps in claiming insurance in case of occurrence of any theft of such property or even to assess the extent of losses that arise from each property.
This form is also mandatory for taking up property insurance by a lot of companies. It is useful when the property owner has multiple properties as it makes it convenient to have an overall assessment.