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LETTINGS AND MANAGEMENT
IP Global recommends instructing a Lettings and Management partner to market, tenant and manage the property on behalf of the investor.
Upon completion the agent is then responsible for marketing the unit. Once an offer comes in, it will be sent to the property owner to approve. If this is approved then the agent will conduct the necessary background checks into the tenant, including credit, ex-landlord and employment checks, where available. If all of these checks are approved then the tenancy agreement is sent to the landlord and tenant to sign. Or the agent is able to sign on behalf of the Landlord, if given permission.
Once the contract is signed the agent will organise the check-in. The agent will help to provide the inventory of the apartment.
The agent will help collect the rent every month and pass it onto the landlord. If the landlord does not have a German bank account, then they will be liable for telegraphic transfer charges. Some agents collect their fees monthly and take it directly from the rent. The agent can pay other bills such as service charges on your behalf.
When a tenancy agreement is terminated or not renewed the agent will begin to re-market the unit for either re-letting or sale. When the tenant leaves the agent will organise a property inspection and arrange for any repairs to be carried out. The agent will also advise whether there needs to be any deductions from the tenant s deposit for loss or damage.
Please note most agencies will also offer contents and public liability insurance, and pay bills such as service charges on behalf of the landlord.
PROPERTY CHECK
MARKETING UNIT
ORGANISE CHECK-IN
RENT COLLECTION
CONTRACT RENEWAL OR RE-MARKETING FOR NEW TENANT OR SALE
CONTACT US
IP Global is the trading name of affiliated companies to IP Global Limited, including IP Real Estate Investments Pte Ltd.
The information contained within this document and other property investment literature concerning our property investment (the Content ) is
provided as is , with no guarantee of completeness, accuracy, or timeliness, and without any representation or warranty.
The Content is not intended to be, and should not be construed as, an invitation or inducement to any person to engage in property investment
activities. Nothing in the document is, or is intended as, legal or professional advice of any kind.
The property market is volatile and illiquid and property prices and rental yields may fluctuate widely or be affected by a broad range of risk factors IP Global is not responsible for future changes in the market or market conditions. You are advised to make your own assessment of the
relevance, accuracy and adequacy of the information contained in the Content and conduct independent investigations as may be necessary
or appropriate for the purpose of such assessment including the investment risks involved. You should consult an appropriate independent
professional advisor for legal, tax, accounting, or investment advice specific to your situation, for the purposes of making such investments as are mentioned in the Content. If you are unsure about the meaning of information contained in the Content, please consult your financial or other professional advisor before committing.
IP Real Estate Investments Pte Ltd (CEA License Number: L3010023I) is licensed under the Estate Agents Act 2010 of Singapore.
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