Fortunately this is rare, however the owner will be a beneficiary of insurance and protection plans established by letting channels, deposits paid by tenants. We can recommend trustable insurance companies who we work closely . This does not replace household insurance policies but is in addition to them and may cover incidents that cannot be claimed under them.
The second and maybe most important thing is, before the tenant moves in we always do an inventory check in and when your tenants moves out we do the inventory checkout process. So you are protected for any damages.
Part of our responsibility is to deep clean the property, freshly paint the walls if necessary and ensure that the property is ready for the next tenant after each letting.
It is open ended. You can cancel it at any time, but if you cancel at very short notice, there will be some cancellation fees relating to pre-booked tenants . Ultimately, you decide when you want the property let by Luwo Property. If we already have a tenant moved in to your property then our contracts ends when the tenancy agreement finishes.
They are payable by the tenant. There are few cases when its payed by the landlord, it’s a separate agreement .
No, the rental income is paid direct to whatever bank account is specified by the owner.
It is the responsibility of Luwo Property to determine the best rates to maximise income and we will do so unless the owner has any specific requirement that may influence this.
Luwo Property is simply a service provider / management company. It has no rights over or lien of any sort on the property.
