B.            MANAGEMENT SERVICES

1.                  Casa Canada Group can assist in acquiring the right property.  It can:

·                    Locate the property and check the title to it.

·                    Negotiate the purchase.

·                  Provide trust facilities for a deposit on the property.

·                  Arrange the agreement for sale.

·                    Arrange and oversee the legal steps to purchase and register the property.

·                    Arrange title insurance should it be desired.

·                    Arrange insurance on the property.

2.                  Locate tenants by advertising in the ARCR magazine El Residente, through the Association of Residents of Costa Rica, in Spanish and English newspapers, on the Casa Canada real estate web site, through the Costa Rican Real Estate Chamber and our sales force.

a.            References will be requested and checked.

b.            A credit check on the prospective tenant will be done through the principal credit bureaus in Costa Rica, to which our computers are connected.

c.             Terms and conditions of a rental agreement will be negotiated with the prospective tenant, including rent, length of rental, rent increases and deposits.

d.            All details of the proposed rental agreement will be forwarded to the client for approval.

e.             Once the rental agreement has been approved, the last month’s rent will be collected, plus a damage deposit if required. 

f.              Once the client accepts the rental agreement in writing, Casa Canada management will execute it on behalf of the client and forward a copy of the executed document.

3.         Rents will be collected as negotiated with the tenant and approved by our client.

4.         Where the property is raw land or unoccupied buildings guards can be arranged to care for the property on conditions approved by the client.

5.         Property Management S.A. will ensure that employees on the property are paid on time, and that all payroll related costs such as CCSS and aguinaldo are paid in a timely manner.  Records will be kept for employee vacations, aguinaldo, cesantia and preavisa as required under Costa Rican law.

6.         Casa Canada Group will insure that bills are paid on time after being checked for accuracy.  These could include, but are not limited to, electricity, telephone, water, cablevision and municipal charges for garbage collection or other municipal services.  Municipal and territorial taxes, insurance premiums and other necessary payments would be paid on time.

7.         Casa Canada Group will check, the property on a schedule approved by the client, ensuring that repairs and maintenance that are the tenant’s responsibility are carried out in a satisfactory manner.  It will also ensure that the building and grounds are being well maintained.

8.         Repairs and maintenance that are the client’s responsibility will be carried out to the financial limit approved by the client.  For amounts above this level quotations will be requested for the work needed, and forwarded to the client for approval.

9.         Once approved by the client, a professional firm would be hired to carry out repairs and maintenance that are the client’s responsibility.   Casa Canada Group will ensure the work is completed in a satisfactory manner, and see to it that the contractor is paid for services as agreed.

10.       Should a tenant not pay rent and care for the property as agreed, Casa Canada will take legal action for their eviction and will find a new tenant.

11.       Such legal remedies as the client wished to take against an evicted tenant will be overseen on behalf of the client.

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