Frequently asked questions

• How do I get rid of my current property managing agent?

  Usually the written Management Agreement specifies the terms of termination – read it thoroughly. If no written Management Agreement exists, 30 days notice of termination can be served.

• How do I choose a good managing agent?

  When choosing a managing agent, consider these key factors. Firstly, ensure that your managing agent’s is a registered agent. Check if he has professional indemnity and fidelity insurance. Get solid track records of his work, if possible backed by testimonials from other trustees from other sectional title schemes. Next, choose managing agents that can prove that they are able to multitask well and make your sectional title scheme a priority within reasonable time. Be very clear about what you want the managing agent to do in your contract, the contract must state how often you will meet and the costs involved. And lastly, choose managing agents that show clear love for the industry.

• What does a managing agent do?

  A managing agent will always act with your (the owner) best interest at heart. He will do one or several of these tasks: prepare your properties for renting; inspect properties before, during, and after a lease term or holiday rental booking; market properties;  make properties available for prospective tenants or buyers to view; receive applications; screen applicants; coordinate lease signings and lease renewals; maintain the investment property; provide administrative and financial property management; for complexes, provide leasing, maintenance, and management services; maintain records of property maintenance activities via computerised system; correspond with owners and tenants