Services

PROPERTY ADVERTISING

  • Agents, developers and owners are welcome to advertise with us.
  • We manage all listings to insure professional images and details.
  • Prospective clients are in direct contact with the vendors.
  • Property staging.
  • Photography.
  • Local and international advertising exposure.
  • One time fee for owners and package deals for agents.
  • Unlimited time frame for listings.

 

 

MAX Patrimonio (Cyprus) handles the following servces:

PROPERTY MANAGEMENT

Evaluate the property and determine an accurate rental rate.

  • Perform detailed documentation of the interior and exterior including photos
  • Offer recommendations on repairs and cosmetic improvements that maximize monthly rent while providing good ROI.
  • Gather data on rental rates in the area and work with owners to determine the optimal rental rate. Rent research will vary, but should include looking at the recently rented comparables according to size and type.
  • Discuss with owners the pros and cons of different policies such as accepting pets, allowing smoking etc.
  • Install a lock box

Market the property for rent

  • Prepare home for rent
  • Clean home and optimize interior appeal
  • Manicure landscaping to increase curb appeal
  • Create ads tailored to the property and advertising medium.
  • Work with  realtors and leasing agents to find a tenant
  • Meet prospective tenants for viewings.

Tenant Screening and Selection

  • Perform a background check to verify identity, income, credit history, rental history, etc.
  • Grade tenant according to pre-defined tenant criteria

Tenant Move In

  • Draw up leasing agreement
  • Confirm move in date with tenant
  • Review lease guidelines with tenant regarding things like rental payment terms and required property maintenance
  • Ensure all agreements have been properly executed
  • Perform detailed move in inspection with tenant and have tenants sign a report verifying the condition of the property prior to move-in.
  • Collect first months rent and security deposit

Rent collection

  • Receiving rent and depositing into client's account
  • Hunting down late payments
  • Sending out pay or quit notices
  • Enforcing late fees

Evictions

  • Filing relevant paperwork to initiate and complete an unlawful detainer action
  • Representing owner in court
  • Coordinating with law enforcement to remove tenant and tenants possessions from unit

Legal

  • Advise in the event of a legal dispute or litigation
  • Refer owner to a qualified attorney when necessary
  • Understand and abide by the latest local, state and federal legislation that apply to renting and maintaining rental properties.

Inspections

  • Perform periodic inspections (Inside and outside) on a predefined schedule looking for repair needs, safety hazards, code violations, lease violations, etc.
  • Send owner periodic reports on the condition of the property

Financial

  • Provide accounting property management services
  • Make payments on behalf of owner (Mortgage, insurance, tax and municipality dues, etc.)
  • Detailed documentation of expenses via invoices and receipts
  • Maintain all historical records (paid invoices, leases, inspection reports, warranties, etc.)
  • Provide annual reporting, structured for tax purposes as well as required tax documents
  • Advise owner on relevant tax deductions related to their rental property
  • Provide easy to read monthly cash-flow statements which offer a detailed breakdown of income and itemized expenses

Maintenance, Repairs, and Remodeling

  • Provide and oversee an in-house maintenance crew.
  • Establish a preventative maintenance policy to identify and deal with repair needs.
  • Provide an network of licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code.
  • Assign jobs to different parties (in-house employees, handyman and professional contractors) based on who will do the best job for the best price.
  • Maintain outdoor areas.
  • Leaf and snow removal.
  • Landscaping.
  • Removing trash and debris.
  • Maintain and monitor a 24 hour emergency repair hot-line.

Larger renovation or rehab projects

  • Provide recommendations on how the project can maximize rental income.
  • Prepare preliminary cost estimates.
  • Get multiple independent bids for the work.
  • Act as general contractor overseeing the work.

Tenant Move Out

  • Inspect unit and fill out a report on the property's condition when the client moves out
  • Provide tenant with a copy as well as estimated damages
  • Return the balance of the security deposit to the tenant
  • Forward any portion of the owner’s portion of the tenant deposit to the owner or hold in owner reserves for repairs.
  • Clean unit and perform and needed repairs or upgrades
  • Re-key the locks
  • Put the property back on the market for rent

 

PROPERTY CONVEYANCE

  • Performance of the due diligence of the property.
  • Dialogues with the Vendors and/or the Bank for the provision of a Bank Waiver in case of any mortgages and/or any other encumbrances.
  • Preparation and/or review of legal documents regarding the purchase and/or sale of the property such as Contract of Sales, Cancellation Agreements, Assignment Agreements.
  • Preparation and/or review of legal documents regarding the purchase and/or sale of the property such as Contract of Sales, Cancellation Agreements, Assignment Agreements.
  • Preparation of Power of Attorney and/or any other documents required to complete the transaction.
  • Stamping of the Contract and arrange for the payment of any stamp duties, taxes, etc. and Lodging the Contract to the Land Registry.
  • Handling client's funds and effecting any necessary payments related to the transaction and according to the Law or agreement of the Client.
  • Carrying out any  legal correspondence with the Vendor and/or Developer and/or the Bank and/or any person and/or Authority on behalf of the Client and in relation to the transaction.
  • Preparation and/or Submission of the application for Permit from the Council of Ministers for non-European citizens to acquire immovable property in Cyprus.
  • Preparation and/or Submission of the application for VAT returns for new properties .
  • Transfer of all the Utility Bills to the name of the Purchaser and arranging for standing orders upon request of the Client.
  •  For properties under construction, appointing an independent Architect/Engineer on behalf of the Client, to make weekly visits to the site of construction, two or three times per week, to observe, monitor and inspect the construction so as to ensure that the construction works will be in compliance with the terms of the contract.
  • Assistance with the opening of Bank account(s) in Cyprus and/or other European states.

 

REAL ESTATE LEGAL SERVICES

We provide real estate legal services through our reputable associates.

  •     Residential Property: Purchase / Agreements / Sale / Transfer / Freehold & Leasehold
  •     Commercial Property: Purchase / Agreements / Sale / Transfer / Freehold & Leasehold
  •     Real Estate Development: Agreements / Financing / Construction
  •     Zoning Issues / Permits / Regulatory Approvals / Authority Clearances
  •     Ownership Structures: Horizontal Property Ownership / Vertical Property Ownership
  •     Landlord and Tenancy
  •     Financing / Remortgaging
  •     Property Management
  •     Property Disputes
  •     Title Deeds
  •     Real Estate Transaction Tax Issues