Rental Services
WIDEST CHOICE, CONVENIENCE AND PROFESSIONAL SERVICE FROM THE RESIDENTIAL LETTING SPECIALISTS
To expand our services and to provide a ‘one-stop service’ to our clients, Von Wielligh Property Management has established a RENTAL department and is letting and managing residential properties across Rustenburg. We have a wide selection of homes to let to suit all budgets, tastes and preference of areas.
If you’re looking for apartments, houses, freestanding homes or flats to rent, our professional team of letting agents will make the process of searching, viewing, renting and moving into a new home as time-efficient, convenient and comfortable as possible.
For landlords and property investors, Von Wielligh Property Management’s multi-channel marketing, industry experience, brand visibility and pre-screened tenant waiting lists ensures that your residential property investments are quickly and effectively leased to approved tenants at competitive rental rates. Von Wielligh Property Management ensures that all the correct tenant application screening and legal processes are followed with the signing of a new lease, thereby safeguarding and maximizing rental income on rental properties.
Von Wielligh Property Management’s Residential letting service consists of the following essential components:
Advertising
Through effective advertising and marketing across a range of media channels, Von Wielligh Property Management ensures prompt leasing to well-matched tenants. Potential tenants are offered a wide choice of flats, apartments and houses to rent, while landlords benefit from high visibility and quick occupation. Von Wielligh Property Management makes use of the following printed, outdoor and electronic media:
- Von Wielligh Property Management’s website
- Newspaper classifieds
- Property24, Private Property and Gumtree advertising
- SMS Directories
Screening of tenants
Von Wielligh Property Management’s experienced letting agents ensure that all tenant applicants are rigorously screened through credit and reference checks before signing a lease agreement to mitigate the risk of default. Checking affordability and prior rental payment behaviour are essential success factors for prompt rental payments during a new lease.
Signing a lease
A legally binding lease agreement is drawn up to protect the landlord and tenant by clearly defining the terms and conditions for handling rental payments and collections, rental increases, deposits, maintenance issues and damages claims as noteworthy examples. Von Wielligh Property Management’s letting agents ensure that all lease terms and details are well understood and handle the lease signing training and administration. Careful review and acceptance of rules applicable to Bodies Corporate and Homeowners Associations is a further critical focus area of the letting process. Copies of the signed lease and applicable rules are issued to tenants and landlords for ease of reference.
Deposits
Deposits are essential for protecting a landlord’s investment and serve as a security to cover any damages or default during the lease term. Deposits are invested in a trust account in line with the Rental Housing Act and accrue interest for the benefit of the tenant. Von Wielligh Property Management’s deposit trust account is audited by an independent auditor on an annual basis.
Inspections
Maintenance inspectors conduct pre- and post- occupation inspections of rented properties; itemise damages and provide quotes for the restoration of the property if necessary. The final account for restoring the unit to the standard defined by the pre-occupation inspection, allowing for standard wear and tear, is offset against the deposit balance before being refunded. Interim inspections are done during the currency of the lease.
Repairs and Maintenance
Our maintenance inspectors and administrators manage the maintenance needs of residential rental properties by arranging any plumbing, electrical, painting, cleaning or other related repairs within the parameters of the mandate signed with the property owner. Rental property owners are consulted throughout the maintenance process for instructions and to provide feedback.
Rent Collection, Owner Reporting and Financial Management
Rent is collected in advance at the beginning of the month, in terms of the lease agreement. Net rental income is electronically transferred to a landlord’s nominated bank account(s) as soon as practically possible following the collection of rental and payment of approved expenses. Tenant rental statements are circulated (preferably by email, otherwise they are delivered) a week in advance of the 1st of each month to prompt timeous rental payments. Dedicated debt collectors oversee all rental arrears to collect delayed rental payments as soon as possible; owners are kept informed throughout a debt collection process.
Consumer Protection Act
With the adoption of the Consumer Protection Act by the South African Legislature, residential lease agreements with natural persons most likely fall within the jurisdiction of this legislation. Von Wielligh Property Management’s standard lease agreements and procedures have therefore been aligned to the Consumer Protection Act. As case law becomes available and accumulates, the full scope and application of the Consumer Protection Act to the property sector and residential letting will be better clarified.
