Typically, our clients are foreign or South African home owners who primarily live abroad or up country and spend time during the summer at their holiday home in Cape Town.
Often we most benefit home owners who have become stressed with poor management of their home due to trying to entrust this to a friend or neighbour who is not professional.
We only manage homes for owners who wish to use their second home primarily for themselves or rent them out on a long term basis.
We do not manage holiday homes that the owner wants to rent out on a short term holiday letting basis either directly, or via a rental agency, or use web based advertising services such as “airbnb” etc.
Terms and Conditions as follows:
The referral fee amount is calculated as follows:
R10 000.00 for signing of a full management package and R5000.00 for signing of a half management package. Typically, large family homes will be signed to a full management package. Sectional Title apartments would be signed to a half management package.
Should our management package rates be discounted upon meeting the home owner, then the percentage discounted would reduce the incentive amount by the same percentage. For example, if our full management package is discounted by 10% then the incentive will also be discounted by 10%, i.e. R1 000.00 making the incentive R9 000.00 on a fully managed large home.
The first 50% of the agreed referral will be paid out when each of the following conditions have been met:
Successful signing of a property management mandate between HQM Properties cc and the home owner. Our management mandates are signed for a minimum of 3 months with a 2 month notice period.
HQM Properties cc has received the keys for the property.
HQM Properties cc has received the required owners trust funds for upcoming property expenses to manage their property.
The balance of 50% of the referral fee will be paid out 3 months to the date of the signed management mandate.
HQM Properties reserves the right not to sign a referred client should we feel they are not a good match for our portfolio, business practice or model. Whether they are a match will depend on the home owner, the property, the management they require, the location of the property and a number of other factors. This will be determined by HQM Properties CC after our initial introduction meeting with the homeowner.
This referral scheme applies to our Cape Town branch only.