Call Us: (02) 7906 6835

Archives

What if prospect tenants have counter-offers?

When we have prospect tenants who want to negotiate for a better rate by presenting a counter-offer, we relay the request to the unit owner while we handle the initial negotiation. We first make sure that their counter-offer is reasonable,

Continue reading

What if a tenant cannot finish his lease term?

Situations like this usually happen only under exceptional circumstances on the part of the tenant. If the request of the tenant is reasonable, we ask them to put it in writing so that we can submit it to the owner

Continue reading

Who pays for the repair and maintenance expenses?

We adopt the generally-accepted practices in the industry when it comes to the repairs and maintenance. Basically, it will depend on the repair or maintenance item/activity that needs to be done. In general, the arrangement is the following: On the

Continue reading

What’s the difference between repair and maintenance?

posted by: Joanne Almaden in General

Repairs are restoration work for when something gets broken, damaged or stops working. Maintenance are routine activities meant to prevent damage and prolong the life of appliances, fixtures, and the property itself. Examples include regular cleaning of air-conditioning units, grease

Continue reading

How do you handle delinquent tenants?

Our standard lease contract for long-term rentals has several stipulations that we can enforce. That is, if needed in order to collect from delinquent tenants: First, there is the 3% per day penalty on the overdue amount that we can

Continue reading

What if the tenant is always late in paying his rent?

So far, our tenants seldom get late in paying their rents. This is mainly due to our pre-lease requirements, especially the post-dated checks. And in the rare occasions they do get late, they usually have a reasonable cause for the

Continue reading

What are your requirements from lessees?

The following are our standard requirements for long-term tenants: 1 month advance rent 2 months’ rent equivalent as security deposit The rest of the remaining months to be covered by Post-Dated Checks (PDC’s) Copies of at least 2 government-issued IDs

Continue reading

In the post-dated checks from tenants, who will be the payee?

It will be our company, PPE Inc. There are recurring bills and expenses that are charged to the owner’s account, and part of our services is getting these bills paid. It is from the rental payments that we take the

Continue reading

How do you handle the remittance of the rental proceeds?

posted by: Joanne Almaden in General

Our monthly accounting period follows the calendar months. We furnish the owner with a summary Statement of Accounts for his property/ies every month, on the 20th day of the succeeding month. That means for example, the transactions for your property

Continue reading

How do you handle the security deposits from tenants?

Unlike the usual practice in traditional and plain leasing services from other brokers and agents, we keep the security deposit from our tenants in a trust account we maintain. We don’t hand it over to the property owner. Our purpose

Continue reading