MOUNT WINE PROPERTY RENTAL SERVICES
MOUNT WINE PROPERTIES (PTY) LTD has developed, and now offers a new model of Rental Property Management to South African Landlords.
Historically, the rental process has been focused on procuring a lease in the quickest possible time.
MOUNTWINE PROPERTY SERVICES have realized the importance of having to establish and then maintaining a respectful and positive relationship between both the owner and the tenant, and structured so that both receive the best possible service and attention from our team during the period of the lease.
Landlord Benefits
Our company has a management complement with a legal background and who have also been involved in residential rentals and sales for over thirty years. Accordingly we are able to offer sound and responsible advice to Landlords.
In addition, we are able protect our Landlords and Tenants in a variety of ways, which include our unique and regularly modified lease agreements as well as our policy of ensuring that there is more than one instrument of debt in place at any time.
Landlords now have the option to either use:
- Our procurement only lease.
- Our Management lease.
Our management lease provides for:
- Immediate and regular advertising of your property.
- A fourfold vetting process of the potential tenant.
- A draft of both a legally up to date contract and a separate instrument of debt, and a surety document.
- Regular monthly invoicing of rental costs and management of related receipts and payments.
- Rental deposits placed in interest-bearing accounts.
- Regular Property Inspections (minimum 3 per annum).
- Unit Maintenance.
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Additional Services
Your investment
MOUNTWINE PROPERTY SERVICES will provide up to date advice regarding rental returns and comparative market information.
What happens to tenant deposits?
The company is registered with the Estate Agency Affairs Board and all trust accounts are opened and operated in terms of section 32(1) of the Estate Agency Affairs Act, 112/1976.
Supplier/Body corporate payments
Once MOUNTWINE PROPERTY SERVICES receives an instruction from the Landlord we will attend to the payment of suppliers for utilities, such as water, electricity, and levies.
Legal
We also offer a free rental related paralegal service during the period of the lease agreement.
Our lease agreement has been designed to deal with issues arising from the possibilities of manipulation of the benefits and rights in a market, where legislation is tilted towards the favour of the tenant, whilst remaining in compliance with the related legislation. Accordingly, a separate instrument of debt is drafted simultaneously to the Lease Agreement and which instrument comes in to play in the event of the tenant defaulting.
Property Inspections
Each lease includes an in-going and out-going inspection to determine whether there are any damages or defects. This service minimizes potential disputes over damaged property.
Monthly statements
Comprehensive statements are issued to both the owner and tenant monthly, providing Landlords with confirmation of rental income and maintenance expenses for tax purposes.
Fees
| Once-Off Placement | 8.33% | This is a once off fee for placing the tenant. (This fee is only charged when we find a suitable tenant.) E.g.: (Rental amount x 12 months) x 8.33% |
| Management Lease (If Required) | R500.00 | Paid monthly out of the proceeds of the rentals received. |
- MOUNTWINE PROPERTY SERVICES can also offer a rent payment insurance scheme, which guarantees a landlord’s rental income against defaulting tenants. (the cost of this facility is available on request).