SERVICE1:FEE FOR PROPERTY MANAGEMENT(PM)
|Annual Rental income range||Percentage of fee|
|< Rs.3,00,000||8.0% or determined after analysis|
|Rs. 3,00,001 - Rs.6,00,000||7.5%|
|Rs.6,00,000 - Rs.10,00,000||6.5%|
|Rs.10,00,000 - Rs. 20,00,000||6.0%|
|Rs. 20,00,000 - Rs.30,00,000||5.5%|
|Rs.30,00,000 and above||5% or determined after analysis|
Note: Property Management fee is charged at the beginning when the contract is signed. A yearly renewal fee is at the beginning of the financial year ( April 1st).
SERVICE 2:MAJOR REPAIRS AND RENOVATIONS
9.5% of the total project cost.
a) Role of the Company or its representative(s) will be like Project Manager role, will over see the work/project which is being carried by different departments/vendors. All planning, coordination and execution of the work will be carried.We Will act like EARS & EYES of the Owner
b) Company or its representatives will NOT be making any decisions or would handle the money while executing the project(Renovation tasks).
c) Company or its representatives would act like ears & eyes of the property owner.
d) Company would arrange the vendor(s) and negotiate the prices on the owner behalf. The final authority in selecting the vendor lies on the property owner.
SERVICE 3: SELLER FEE
a) TYPICAL PROPERTY SALE
|< Rs.1 crore||2% of the transactional value|
|Rs. 1 Crore and above||1.5% of the transactional value|
b) PROPERTY SALE + TAXATION + IT CLEARANCE + MONEY REPATRIATION (End-to-End Services)
3.0% of the transactional value and any incidental expenses & CA fee are extra.
a) TENANT FINDING FEE (Collected From Property Owner)
|Duration in finding a tenant||Fee|
|Less than 3 months||15 days rent or ½ month rent|
|More than 3 months||1 month|
b) PROPERTY FINDING FEE (Collected From the Tenant)
|Less than 15,000/-||1 month rent|
|More than 15,000/- and above||15 days rent or ½ month rent|
SERVICE 5: OBTAIN DOCUMENTS AND DOCUMENT VERIFICATION SERVICES
$4.99 per hour
Note: We obtain any required documents for the buyer (On seller behalf), any government fee, incidental expenses & travel charges are extra. We also get the documents verification done for the buyer (On buyer behalf)
SERVICE 6: PLOT AND LAND MONITORING
Charges will be determined based on the requirements like: Simple monitoring(4 times in a year), etc.
Note: A non-refundable enrolment fee of $99 is charged before the property is visited for the first time.
SERVICE 7: BUYER SERVICES
a) BASIC SERVICE FOR BUYER
|< Rs.1 crore||1.5 % of the transactional value|
|Rs. 1 Crore and above||1.0% of the transactional value|
b) EXTENDED SERVICES : BUY PROPERTY + TAXATION + LEGAL CLEARNACE + PROPERTY REGISTRATION (End-to-End Services)
2.0% of the transactional value and any incidental expenses & Legal fee are extra.