Property Management and Agency
Real property is an income holding asset in terms of rental income generation. At Cornerstone Real Estate we ensure that this function of rent collection is enforced in terms of prompt rent payments from tenants and is performed professionally.
Property and Facilities Management
We ensure that the design and management of an already occupied building, equipment and furniture is maintained to high standards and work towards enhancing its ability to meet its business objectives.
We offer a service that has been developed to ensure that the standard of maintenance in a property is improved and that repair costs remain at a minimum. Properties and facilities should be well maintained to prolong their physical and economic lives. Expert technicians, including engineers, plumbers and electricians conduct survey to identify problem areas and prompt repairs are carried out in consultation with the client.
We have expertise in sourcing and identifying suitable tenants for all kinds of properties/premises. We strive on efficiency and our objective is to make sure that a client’s property does not fall vacant for too long. We maintain an updated waiting list to ensure that vacancies are filled fast to avoid loss of income. Properties are let at market rate.
Arrears recovery management
Cornerstone Real Estate Ltd has an efficient system of arrears recovery to ensure that properties continue to generate the expected rental income and that the same is collected when due.
Lease Administration/Renewal and Rent Reviews
It is our responsibility to administer suitable lease or tenancy agreement in a form or manner approved by the property owner in respect of every letting, and to ensure that tenants observe the covenants in their leases. We report any breaches and recommend appropriate remedial measures. We advise landlords on the terms and conditions for renewal of leases for tenants upon expiry of leases after taking into account the prevailing market rents. We also negotiate on their behalf reviews of rent and service charge.
Administration of service charge items
To make sure that landlords get good and adequate rental income, Cornerstone Real Estate Ltd calculates and passes charges for water, electricity and others to the tenants and also ensures that the same are collected and paid when due. We have an inbuilt computerized system that generates bills accurately when due and the same is distributed on time
Sale of Properties
Our Agency department is also involved in sales of a wide scope of properties ranging from plots, agricultural land parcels, maisonettes, bungalows, apartments, town houses, commercial complexes, industrial etc. Cornerstone Real Estate Ltd undertakes to sale properties on behalf of clients as appointed sole agents or in collaboration with contractors and other real estate agents. The firm is involved in selling of residential and commercial properties in all major towns in the country.