Property Management

Service Description

1. Marketing & Tenant Selection: ◦ Promote and market the property across appropriate real estate channels and local listing platforms. ◦ Conduct tenant background checks, identity verification, and suitability assessments. ◦ Negotiate lease terms in alignment with Owner’s specified pricing guidelines. 2. Financial Administration & Rent Collection: ◦ Collect initial tenancy security deposits and periodic rental payments on behalf of the Owner. ◦ Remit net rental proceeds (minus agreed management fees and approved repairs) to the Owner's designated bank account within [5 to 7 working days] of receipt. ◦ Provide periodic financial statement reports itemizing income and disbursements. 3. Property Maintenance & Repairs: ◦ Perform pre-tenancy and post-tenancy physical inspections. ◦ Coordinate routine maintenance, cleaning, and urgent emergency repairs. ◦ Execute repairs up to maximum limit of MMK ___________ / USD ___________ per instance without prior Owner consent. Expenses exceeding this amount require written approval, except emergency situation threatening property safety. 4. Local Compliance & Ward Registration: ◦ Assist in registering tenants with the relevant Ward Administration Office and police authorities as required by local Myanmar regulations. ◦ Coordinate foreign tenant registrations (Form C filing support) in compliance with immigration guidelines.