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Lettings&Management

BG Estates Worldwide offers you a lettings & management service that maximizes your property investment return while you are away from your home. We guarantee you a rental income, which equals or exceeds that of comparables in your property’s specific market. The service includes managing all activities associated with renting and maintaining a property - paying utilities and annual local tax, property advertising and accommodation of tenants, negotiations with other intermediaries and any other activities, providing full service of the property.

The main factors influencing the rental price are the location of the property, the furnishing, the on-site facilities in the residential complex and the price charged by competitors for similar accommodation.

According to the location of the property, the lettings service can be:

Short term Lettings
For properties situated in, or near by sea/winter resorts. We also call it seasonal lettings. Usually the properties of this type are rented by tourists who prefer the comfort of home atmosphere instead of hotel rooms for their vacation. BG Estates Worldwide is taking care of advertising the property, accommodating the tourists and payments collection.

Long term Lettings
For properties situated in or near big cities. Usually the properties are rented by people working in the area, young professionals or families. The rental contract is signed for at least 6 months. BG Estates Worldwide is responsible for advertising the property, finding tenants, paying the bills and local taxes annually, etc.

After Sales Management (services included in the fee)


Cleaning of:
  • communal areas
  • green areas
  • aquifers
  • foyers
  • corridors
  • staircases
  • lifts
  • lighting fixtures and premises and areas of common use
  • glazing of common-use premises from inside
Maintenance of:
  • green areas
  • lifts 
  • electric wiring in common-use premises and areas (excluding the cases of incorrect design and installation)
  • electricity bills for common-use premises and areas (clause subject  to discussion)
Other services:
  • security / porter
  • schedule of repairs
Additional services offered on pay by use basis:
  • Elimination of parasites and rodents
  • External and internal repairs, including structural, plumbing, wiring, etc.
  • Cleaning after repair works
  • Property insurance
At the residents' request, we render the services mentioned in p. 2 against payment.

Payment:
  • Prices will be set depending on site type, area, location, geo-political and economic conditions
  • Prices are calculated per square meter of residential area for 1 (one) year
  • The fee is payable in advance
  • Minimum contract period is 3 years
  • The price varies between 6 (six) and 8 (eight) euro per square meter

Management of rented premises (individual — residential and commercial)


Services included in the management fee:
  • Sourcing of tenants
  • 24/7 availability in emergency situations
  • Rent collection
  • Control of bill payment
  • Eviction of non-paying tenants
  • Meticulous documentation (MBM Ltd. reports to owners)
  • Supervision of appropriate property use
  • Photos of the property prior to renting and after leaving of tenants
  • Organization of repairs (when required)
Services offered against additional payment:
  • Consultations and valuations
  • Elimination of parasites and rodents
  • External and internal repairs, including structural, plumbing, wiring, etc.
  • Cleaning after repair works
  • Major cleaning of the property
  • Periodic cleaning of the property
  • Property insurance
Payment:
  • 13% (thirteen percent) of the monthly rent
  • Deductible from the monthly rent

Maintenance and management of non–rented properties


Services included in the management fee:
  • Bi-weekly visit and property check
  • Bi-weekly airing of the property
  • Cleaning once a month
  • Organization of repairs (when required)
  • Payment of all costs and bills of property (on behalf and at the expense of the owners)
  • Representation of the owners in front of the authorities
  • Property insurance
Services offered against additional payment:
  • Major cleaning of the property — twice a year
  • Repair works (when necessary)
  • Laundry and linen and towels change
Payment:
  • Prices will be set depending on site type, area, location, geo–political and economic conditions
  • Prices are calculated per square meter of the residential area for 1 (one) year
  • The fee is payable in advance
  • The price varies between 6 (six) and 8 (eight) euro per square meter
 
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