PROPERTY MANAGEMENT OPTIONS
INTRODUCTION
At Central Estates, we shall manage your property in a professional and most prifitable way. We will act on your behalf to preserve the value of the property while generating good income for you. Managed properties include Residential Housing Units, Condos, Flats, Vacation Properties, Holiday Homes, Commercial Retail Space, Guest Houses, Furnished Apartments and Lodges.
Whether you have a large apartment complex or a single family house, you are welcome to the Central Estates family. Give it to us to manage, and free up you time and mind from the troubles of chasing tenants, maintenance headeches and other hustles that come with managing a property.
OPTION ONE: PERCENTAGE RENT
If you choose Option One, we shall sign a property management agreement with you, whereby you will give us the right to let it out to new tenants and collect rent. We work with tenants to ensure that the property is well maintained, and handle all queries that are a Landlord's responsibility including maintenance works with your approval. We in turn charge 10% Commission as our commission for all rent collections made.
OPTION TWO: FIXED RENT
For this option, we shall manage your property and pay you the agreed amount whether or not the tenant has paid, as long as there is a tenant in the House. We in turn charge 10% Commission plus 5% Maintenance Fee which is retained by Central Estates for emergence maintenance works. This is done to ensure that the property is always in good condition.
A statement of use of money retained for maintenance services will be given to you quarterly. Where no maintence works are done for a period of time and the money has accummulated, you may claim up to 75% of it.
OPTION THREE: GUARANTEED RENT
Under this option, we shall sign a rental agreement with you, and will pay you a fixed rent per month. As per the agreeement, you will give us the right to sublet the property to our tenants. Central Estates will pay you the full rent as per the agreement whether or not there is a tenant in the property. Since we pay you irrespective of whether the property is occupied or not, we manage all aspects of the property and charge rent at our own rate.
OPTION FOUR: FIXED FEE
This option is for monitoring your vacant property or land. We ensure that the property is safe and secure, and report back to you as agreed. We charge a monthly fixed fee.
OPTION FIVE: RENT SHARE
This option is for commercial establishments that generate revenue. We shall sign an agreement with you with the right to convet the property into a revenue generating business such as an Office Park, Business Centre, or Serviced Apartments.
The tenants will pay rent to Central Estates. We charge 10% Commission plus 5% Meintenance Fee. The maintenance fee is used to maintain common areas of the property including General Maintenance Works, Upkeep of Grounds and Utility bills.
OPTION SIX: SERVICED APARTMENTS MANAGEMENT
Under this option, we manage Residential Units as Serviced Apartments. We take furnished apartments from you, market them, take care of all operations, and charge 10% Commission plus 5% Property Maintenance Fee.
OPTION SEVEN: FACILITIES MANAGEMENT
At Central Estates, we manage the common facilities and amenities in large apartment complexes such as Shopping Malls, Blocks of Flats and Office Buildings. This includes doing maintenance works, landscaping and general cleaning.
OPTION EIGHT: COMMERCIAL PROPERTY MANAGEMENT
We rent the property from you at a fixed fee, and convert the property into a retail Unit or a Plug and Play Office by furnishing it. Under this option, we demand for long term lease due to large amounts spent on remodelling and furnishing the property.
OUR WORD
If you have a Property you want to give us to manage and do not understand these options as given above, give us a call. We shall come over to your property for a discussion if you do not have time to come to our Offices.
Our Agents in Lusaka, Livingstone, Kabwe, Ndola and Kitwe are always available to give you any further information you may desire.
Whether you are within or outside the country, with Central Estates, your property is in safe hands. Come and talk to us for a professional advice on your property.
For more information on property management terms, contact us.
Central Estates Zambia, P. O. Box 36196, Lusaka. Zambia. Call: +260950045154, +260963321052
