RESIDENTIAL MANAGEMENT SERVICES
At Luxmore Realty, we offer a full complement of residential property management services. Whether you’re a property owner, investor, or absentee owner, worry-free management of your property is our promise to you!
THE BENEFITS OF OUR PROPERTY MANAGEMENT
Our fully computerized Property Management System, monitors, manages and maintains property management files. Tenant files are continuously updated. A contract maintenance department to supply general maintenance services, available seven days a week. We also provide professional trades under agreement for specialized services as and when required. Luxmore Realty is fully licensed and insured for property management.
The Choice Is Yours…
At Luxmore Realty, we realize that no two property owners’ needs are exactly alike. That’s why we offer Full Management Services or Placement Only Service. The choice of what service best meets your requirement is yours. We would be pleased to discuss your needs and how our services would best fit them.
Two option packages for you to choose from:
A: FULL PROPERTY MANAGEMENT
A Service includes:
- A free estimate and evaluation of property rental range
- Appropriate marketing/advertising: Online, web sites and Craigslist
- Welcoming calls and providing property information to potential tenants
- Arrange and conduct showings of the property
- Accept, review and screening of prospective tenants including reference and credit checks
- Collect security deposit when lease signed
- Prepare lease agreements for the term which the owner requests
- Prepare, sign and submit Form K’s as required.
- Detailed move-in inspection.
- Handling all tenant concerns
- Arrange maintenance and repairs in accordance with Owners approvals
- Arrange and coordinate property contractual services as required
- Arrange seasonal annual maintenance as required
- Collect monthly rent by pre-authorized debit, cheque or cash on the owner’s behalf and deposit to the owner’s account on the 12th of each month.
- Entry and Exit Inspections as required by the BC Residential Tenancy Act
- Pay expenses on Owners behalf
- Provide the owner with monthly financial statements
- Provide Annual Income and Expense Operating Statement
- Annual evaluations as required for insurance purposes
- For non-resident owners we will agree to assist Owners with the non-resident taxes and will act as an Agent to provide NR6 and withholding undertakings and will assist with annual filing as required by Revenue Canada (extra charge applies). Info available.
- Prepare tenant notices and co-ordinate Residential Tenancy Office process including documentation
Service charge: Half month rent upon signing a tenant, charged only once. Management fee is 10% of monthly rent, charged every month.
B: PLACEMENT PROPERTY MANAGEMENT
B Service includes:
- A free estimate and evaluation of property rental range
- Appropriate marketing/advertising: Web Sites, Online and Craigslist
- Welcoming calls and providing property information to potential tenants
- Arrange and conduct showings of the property
- Accept, review and screening of prospective tenants including reference and credit checks
- Accept post-dated cheques and security deposit on the owner’s behalf
- Prepare lease agreements for the term which the owner requests
- Prepare, sign and submit Form K’s as required.
- Turn the property and tenant details over to the owner with all the documents required for tenancy
Service charge: 60% of one month rent, charge once upon signing a tenant.
Luxmore_Property_Management_Agreement_2023_updated_Jan._6_2023
*Homeowner needs to pay GST (5%) on all commission.
Rent Estimation