Property Services
Property Brokerage Services
- Negotiating leases, renewals and preparing documentation
- Effecting creditworthiness checks; Experian, TPN and ITC
- Bank references checked
- Previous Landlord’s references obtained
- Extensive national database of retail, office and industrial premises, including Institutional property information
- Sourcing of tenants
- Sale of income-producing properties to investors and owner-occupiers
Investment Property Management Services
Cenprop effects the following services on behalf of clients:
Management of all classes of commercial property, including:
- Collection of rentals and ancillary charges from tenants
- Exercising of reasonable credit control in respect of all amounts owed
- Engaging, discharging and controlling of staff employed in the managed property on behalf of the Owner
- Inspection of properties from time to time; submission of condition reports to the Owner
- Payment of salaries, with attendant Government, Provincial and/or Local Authority requirements in respect of such employment
- Arranging repairs and general maintenance of the buildings as required in consultation with the Owner
- Payment of approved expenses which occur in the administration of the property;
- Recovery of the cost of repairs or replacements necessary from a tenant who has damaged leased property
- Submission of rent rolls and financial statements to the Property Owner on a monthly basis
- Depositing residual rentals into the Property Owner’s nominated Bank account
Managed Portfolio Size, Geographic Spread and Make Up
The GLA of the managed portfolio is in excess 260 000m² which is spread nationally including properties the main urban areas as well as less accessible areas such as: Upington, Phalaborwa, Hluhluwe, Esikhawini and Welkom. The managed portfolio is evenly divided between retail and office with a small percentage of industrial properties
Secretarial and Accounting Services Offered
- VAT and Tax returns
- Monthly or quarterly and annual financial statements
- Directors, special or general meetings
- Full company secretarial services: notices, minutes, share registers and other company formalities