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FAQs

Q.1
For what duration will you be managing my apartment?

Ans – We will be managing your flat for any period ranging from one to five years depending on your choice and comfort.

Q.2
Do you pay a security deposit also along with rent?

Ans - We will be paying you an interest free refundable security deposit which needs to be refunded when the tenant vacates the flat.

Q.3
Do you take care of painting and other costs when a tenant vacates?

Ans Owners do not have to pay for repainting of the house or repairs of any damages caused by the tenant. It will be taken care by proptension.com

Q4
How will the monthly rent for my apartment be decided?

Ans The rent for your flat will be mutually agreed upon based on the current market rate for similar flats in your apartment/complex.

Q5
What will you do if there is any major fluctuation in real estate prices?

Ans In case of major market fluctuations like a sudden recession or boom in real estate prices, both parties can re-negotiate the terms of the agreement to change the rent to a fair value according to market rates.

Q6
Will you start paying me rent as soon as I hand over the flat to you?

Ans After the deal is confirmed, we need an initial period of 20 days to complete the document formalities and to find a tenant for your flat. We will start paying you the rent as soon as the first tenant moves in.

Q7
Will I get rent even if my flat remains vacant for several months?

Ans Yes,condition applies Refer the LEASE AGREEMENT.

Q8
Will I be able to inspect my flat while it is occupied?

Ans You can inspect your flat at any reasonable time by giving us a prior intimation.

Q9
Who will be responsible for the maintenance work of the flat? Will I be charged additionally for maintenance?

Ans Regular maintenance of the flat such as plumbing, electrical works, painting and cleaning will be taken care of by us at no additional cost to the owners once the flat is handed over to us in a good condition.

Q10
ill my flat be used for commercial purposes?

Ans No. Your flat will be used only for residential purposes.

Q11
How will you ensure that the flat is not damaged by tenants?

Ans We have a dedicated team who takes care of the maintenance of the flat managed by us. Our team conducts a periodic inspections and maintenance checks of your flat. In case the team is of the opinion that any item in the flat needs repair then we take an appropriate action to ensure that such repair is done in a timely manner in order to prevent any damage.

Q12
If the apartment suffers any major damage while being rented out, who will be responsible?

Ans It will be our responsibility to repair any damage caused by the tenants. However, in case of any natural damage like cracks or seepage, the owner will have to bear the cost of repair.

Q13
How much do you charge the tenants?

Ans We charge 1 Month Rent from the tenants as our fee towards the cost of all the services offered.

Q14
How do you justify your service charges?

Ans The one month of rent that we are charge you per eleven months or every new tenant and Rs.999/ or 10 % of the charges from the rent collected every month is inclusive of the cost of acquiring new tenants, cost of inspection and maintenance. We also take care of rent collection and handling tenant complaints. You will not be required to pay anything extra for these services.

Q15
Can I see owner sample copy of agreement and terms sheet?

Ans – We have included a downloadable copy of our sample agreement and sample terms sheet here for your reference Download

Q16
How much do you charge for your services?

Ans

Property Management Services schemes starts from Rs.999 Refer the Table Below for Attractive Plans

Property Management Services schemes starts from Rs.999 Refer the Table Below for Attractive Plans

This service fee covers all services including acquisition of tenants, inspection and maintenance of the flat, and cost of repainting and repairs each time a tenant vacates.

Scheme

Service charges Every Month

Advance

Advance refund for each time tenant vacates

11 months once charges

Brokerage for New Tenant

Locking Period

Rent if the Flat is vacant

1

Rs.999

50 % of the advance collected from the sub tenant will be deposited to the owner Account

YES

30 Days Rent

NO

11 Months

NO

2

10%

50 % of the advance collected from the sub tenant will be deposited to the owner Account

YES

NO

30 Days Rent

11 Months

NO

Painting 

  • 2 BHK Rs.9999 + Acid Wash Charges (Up to 900 Sft) ** Aprox cost
  • 3 BHK Rs.11999 + Acid Wash Charges (Up to 1200 Sft)** Aprox cost