PROPERTY MANAGEMENT FOR NON-RESIDENTS OWNERS:

*Non-resident owners are defined by Revenue Canada as living outside of Canada and no longer Canadian Residents for tax purposes.

Includes Placement of Tenant plus...

• NR 6 Filing, withholding tax, monthly remittances to Revenue Canada, and annual summary.
• Processing of rent cheques monthly
• All banking procedures
• Payment of property taxes, annual utilities etc.
• Issue monthly statement of property activity
• Routine repairs and maintenance by trades people
• Non-resident tax remittances
• Liaison between landlord and tenant
• Enforce the Residential Tenancy Act
• Rent increases
• Termination of Tenancy
• Arbitration hearings at additional cost
• Check in and check out procedures
• Final annual accounting
• International long distance and postage for communication with landlord

FEES

For up to and including a one-year lease:
One-half of first month's rent plus GST

For up to and including a two-year lease:
One full month's rent plus GST

Ongoing Property Management:
$50 per month plus 5% of gross rent per month plus GST

Please Note: An hourly rate of $45.00 will apply for additional modifications, or renovations beyond normal repairs and maintenance. Securing quotations, hire trades persons for extensive renovations may result in additional management costs. The hourly rate would also apply for the property manager to attend arbitration hearings on behalf of the landlord/owners.