Property Management Services are available!

The landlord is responsible for looking after, using, and maintaining the purchased real estate, according to the Civil Code. Certain norms and laws apply to all landlords who own property, and they all receive the same level of legal protection. real estate in qatar

All landlords are subject to the same basic obligations, regardless of how they own the property, i.e. whether they own it as a private individual or as a formal corporation.

We'd like to call attention to a few of the more important rules, such as:

Renting Out of Property - Civil Code Regulations

If you rent out a property, you must provide it to the tenant in a habitable state. You are responsible for repairing any problems in the flat that prevent it from being used. In practice, this means that you must inspect the property on a regular basis, maintain the flat in good repair and condition, and so forth.

Regulations of the Building Code

Building permission, alterations to the building's construction, and maintenance work are all covered under the Building Code requirements. It specifies that the property can only be used for the purposes stated in the habitualisation certificate. The landlord is responsible for keeping the building in excellent repair.

Other Regulations-Induced Obligations

The landlord's other responsibilities include keeping books and records for accounting purposes that reflect any revenue and costs. Accounting data serves as the foundation for preparing various tax declarations (that can include, for instance, an income tax return, real estate tax, transfer tax, gifts tax and so on).

As you can see, simply owning the property is not enough; full compliance with the various rules and laws governing the property's management is also required. If you already live in Prague, you can certainly take care of this yourself. If you have purchased a house only for investment purposes and do not visit Prague on a regular basis, it is prudent to entrust the maintenance of the property to competent specialists.

Essentially, good property management aids in the maximization of a client's property worth.

The owner or property manager must keep accurate records in order to ensure adequate compliance with the relevant rules. The following items should be included in the records:

The protocol document for the transfer of ownership from the seller to the buyer.

All documentation pertaining to the property are listed in this document.

At the time of handover, a list of all meter readings is required.

In summary, property management services might vary based on the scope of work agreed upon, however they may include the following:

Maintenance that is both preventative and routine.

Maintaining records for both the building and individual flats.

Administrative support.

Budgeting and regulating the ongoing costs of the building's upkeep.

Reporting to the owner on a regular basis.

Leasing and marketing services for open spaces/units to be rented.

Taking care of the needs of tenants - using a personalized approach

Using security guards or a reception to secure the building's entrance.

If you are considering purchasing an apartment or residential building, or if you already own one and want to rent it out, please contact us to see how we can assist you in ensuring full compliance with the many rules and laws, as well as properly managing the property while you are away.