Owners - Let us administer your House / Townhouse / Flat and Experience trouble free letting with service and reportbacks guaranteed.

Our service includes, but is not limited to: -

• Full Qualification of Tenants
• Lease, Revenue Stamps and All Documentation
• Inspection and Reportbacks on Regular basis
• Statement for Income Tax purposes (Were you aware that you may be able to claim back collection commission, VAT, Levies and Repairs in certain instances?)
• Collection of Rent and Disbursement of same
• Full Credit control services
• Payment of Rates or Levies if required
• Organisation of any Repair work or Quotation as and when required
• Retention, in Trust, of Deposits for Protection of both tenant and owner

DETAILS OF SERVICE AND COMMISSION OPTIONS

ONE TIME COMMISSION SERVICE @ Sliding Scale as Laid Down (Call for details)

R100.00 OR

On a six month lease 50% of one month’s rental OR

• 5% on the first year’s rental
• 2.5% on the next three years rental
• 1.5% on the next three years rental, and
• 0.5% on the balance All Plus VAT

WHICHEVER IS THE GREATEST OF THE THREE.

For Example a R4000.00 rental on a six month lease period = You will pay R2 000.00 Plus VAT Once-Off R4000.00 rental on a year lease period = You will pay R2 400.00 Plus VAT Once-Off

Service includes, but is not limited to:

• Rental valuation of premises for owner giving GROSS rental achievable in our opinion.
• Advice on matters pertaining to Leasing & Letting, including purchase of property for investment purposes.
• Advertising of property using two local newspapers and web site. Advertising board at our discretion.
• Completion of documentation including information sheet, lease agreement, I.D. & proof of income verification.
• Collection of deposit and costs. Retention of deposit in Trust account, interest to accrue for tenant’s account as required by law and in terms of clause 30 of the lease agreement.
• Full I.T.C. & T.P.N. checks
• Calculation and affixing of Revenue Stamps.
• Full inspection report detailing condition of property on occupation. This, together with the tenant’s defect list (if returned in terms of clause 7 of the lease agreement) forms the basis upon which the premises are to be returned when the tenant vacates, fair wear and tear accepted.

From this point on the owner will handle the administration of the property and lease himself. The one-time fee, however, does include a final inspection once the tenant vacates if the owner wishes it done.

FULL SERVICE COMMISSION @ 10% of Rental Achieved plus VAT per month.

For example on a R4000.00 p.m. rental achieved, the commission would be R400.00 p.m. Plus VAT. The owner would thus net R3 544.00 p.m. (Please note no VAT applicable if owner is not resident in S.A.) This obviously would be less if the owner elects that Monarch pay any rates and / or levies on his behalf from the rental. In that instance, the levy and / or rates account would come off the R3 544.00 before the proceeds are paid over to the owner. This service includes all of the points above PLUS

• Collection of rental and disbursement of same in accordance with the owner’s instructions.
• Payment of any rates / levies from the rental if required by the owner.
• Regular inspections of premises and report-backs to owner.
• Reporting of any repair and maintenance issues. Obtaining quotations if required by the owner. Organisation of contractors when approved by owner, checking of work carried out and payment of contractor from the rental proceeds.
• Provision of statements of account as required by the owner and / or on an annual basis for tax purposes.
• Full credit control service. This is taken right up to final demand and cancellation of lease agreement stage at no extra charge to the owner. Following this, the matter has by law to be handed to an Attorney for eviction and / or attachment. We also list the debtor on I.T.C. and T.P.N. records.

* We do not pay the Sectional Title rates or the Home Owner’s Levy on Clusters as part of our service. If this extra service is required, then a commission rate of 11% p.m. Plus Vat will apply.

N.B.

Please note that, in terms of our lease agreements, Monarch Rentals cannot accept any responsibility for

• Owner’s belongings left in the premises. Any items that are not fixtures of the premises are left at the owner’s own risk. This does not include items like pool cleaners, which form part and parcel of the pool maintenance equipment.
• Any unpaid Municipal accounts left by the tenant. It is the owner’s responsibility to ensure that either a cash power meter is installed at the premises or that the tenant’s account is checked on a regular basis. As owner of the property and in terms of the lease agreement, the owner may terminate supply of electricity to the premises if the account is in arrears. This must be done, in writing, with Ekurhuleni Metro.

We have the Knowledge, Experience and Expertise To Help You.

Is your house on the market and are you unable to sell?

Do you have to Relocate a given date?

Do you have or are you considering purchasing a second property for investment / income purposes?

HAVE YOU CONSIDERED   ? ? ?

OUR RENTAL ALTERNATIVE   ? ? ?

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