How we handle your property rental
1. We evaluate the property and determine an accurate rental rate
Our Sales Team will arrange an appointment to visit your property and prepare a detailed information sheet giving details of the interior and exterior, and including photos of the property and the area. We will help you maximize your monthly rental income by giving you our recommendations on repairs and improvements that should be made. We also gather data on rental rates in the area, this helps determine a realistic rate for your property.
2. Marketing the property
The next step is to prepare the property for viewings by potential tenants. Our cleaning crew will clean and dress the property, optimizing the interior and exterior appearance.
Our team of gardening experts will neaten your gardens, and any other exterior area if necessary.
When the property is ready we will promote your property through the websites, print publications, fliers and signs of our associate companies. Our associates will handle enquiries from potential tenants and arrange with us to show them the property. We work seven days a week, so we are available to undertake viewings at any time.
3. Rental Agreement
Potential tenants are pre-screened according to your guidelines and we will recommend only those that meet your criteria. Our Legal Department will prepare the rental agreement and will then arrange a meeting at our offices to conclude the agreement. Each party will take one signed rental agreement to keep as a record.
If you are out of the country, we will require a power of attorney to conclude the arrangement, and to receive the money from rentals on your behalf, and deposit it in your account.
4. Tenant Moving In
We confirm a moving in date with the tenant and we review agreement guidelines, including rental payments terms and any required property maintenance. We also ensure that all parts of the agreement have been properly executed. On the agreed date we perform a detailed inspection with the tenant and the owner (if in the country) and if both parties are satisfied, we will sign a report that verifies the condition of the property.
5. Rent Collection
Every month we will collect the rent from the tenant and deposit it in your bank account. In cases when a tenant does not pay the rent on a specific day, we will meet with the tenant in order to resolve any issues. If necessary, we will send notices about the delay and enforce late-payment fees.
6. Inspections
A predefined schedule will be prepared to carry out periodic inspections inside and outside of the property to check for any repair needs, safety hazards, lease violations, etc. After inspection, the owner will received a detailed report on the condition of the property.
How we sell your property
1. We will evaluate the property and determine a realistic selling price according to the current market conditions.
Our Sales Team will arrange an appointment to visit your property and prepare a detailed information sheet giving details of the interior and exterior, and including photos of the property and the area. We will help you to sell your property at the best possible price. To do this we will engage an experienced real estate valuer who can advise us of the optimum selling price.
2. Repairs
If any major work is necessary to the interior or exterior of the property, including painting, electrical and mechanical repairs, etc. our expert construction team can help. Our tradesmen will repair all defects to a high standard.
3. Market the Property for Sale
The next step is to prepare the property for viewings by potential buyers. Our cleaning crew will clean and dress the property, optimizing the interior and exterior appearance.
Our team of gardening experts will neaten your gardens, and any other exterior area if necessary.
When it is ready we will promote your property through the websites, print publications, fliers and signs of our associate companies. Our associates will handle enquiries from potential buyers and arrange with us to show them the property.
We work seven days a week, so we are available to undertake viewings at any time. We will handle initial enquiries and for serious buyers, appointments will be made with you for a convenient time to view.
4. Sale Agreement
Our in-house legal department will prepare all the documents required for the sales agreement between you and the new buyer, and will arrange a meeting at our offices for signing the sales contract. Usually a 0% deposit should be paid upon signing the sale contract and will be mentioned in the contract of sale in details.
The final payment takes place when the bank is ready to give the loan or when the buyer pays the rest of the amount during depositing the contract of sale to the land registry.
5. Stamp Duty & Deposit at the Land Registry
After the contract of sale is signed by both parties, we proceed with the payment of the stamp duty on the agreement, and then we deposit the contract at the Land Registry of Cyprus.
6. Transfer of the Property to the New Owner
We will prepare all the documents and forms needed for transferring the title deed of the property to the new buyer’s name. Our team will arrange with you and the buyer to go to the Land Registry and complete the property title deed transfer.
