The Key Elements of the Contract

  • The nature of the building and the number and types of apartment
  • For existing property, the current occupation levels
  • For new properties, the expected levels of occupancy
  • The term of the contract and renewal clauses
  • Details of owner’s responsibility e.g. common areas, insurance etc
  • Responsibility of Dreamhouse (2000) Ltd operationally
  • The requirement for reporting maintenance of building and fixtures and fittings issues as well as breakdowns of equipment e.g boilers, cookers etc
  • Allocation of costs and dealing with invoice payments for utilities, local authority rates of tax, telephones and broadband etc
  • Monitoring and reporting performance
  • Issues relating to branding the building
  • Verified details of the company owning the property and bank details
  • Planning permissions, building warrants and associated permissions relative to the property concerned
  • The form and agreement on the level of management fee being charged