In order to proceed a management agreement needs to be signed by both parties, agreeing on operational issues, finances, responsibility, liabilities and the finer details which needs to be documented.
Management fees vary between properties and there are different options available. Each property is unique in its own way and owners have their individual expectations, that’s why we discuss and negotiate this during consultation.
3 Basic Models we follow
- Profit Share
- Lease Agreement
- Management fee (%) on turn-over