Welcome to Proptension

At the outset, we sign a Property Management Agreement with you, listing our responsibilities. You will be assigned a specic Property ID. As part of this process, we will also do an expected rent analysis, with any inputs that you may provide as well.

Inventory management is an important part of our function and we do a detailed Inventory check of the property, noting all fitings, fixtures, damages and the general state. This inventory list is then maintained across tenants, and we ensure to give you the property back in the same state when our agreement ends.

If the property is vacant, we start the marketing immediately upon signup, through numerous channels primarily classieds, local broker networks, MNC clientele, Social media, and traditional media as relevant. While the property is vacant, the marketing team will share regular updates with you.

All agreements are handled by us. Once we have an interested party, our team completes the negotiation to get you the best return, as well as a background verication. Once we are satised, we send you a NOC with the tenant/rent/deposit details to sign and send back to us, on the basis of which our company signs a Leave & License agreement with the tenant on your behalf. They are legally your tenants managed by us (no sublet). All agreement formalities, token, deposit and rent collection is handled by our team. Any work in the property requested by the tenant, and approved by you is coordinated by us. We do a formal handover to the tenant with a sign-off on the inventory forms.

This includes:

1. 6-month inspections- We inspect all properties at least every 6 months to ensure it is well maintained.

2. Pics on demand- Although we send pics to the owner during our regular inspections, the owner can also request for ad-hoc pics.

3. Rent collection & follow up- We have a rent collection software for follow-up on the rental, and in the event, there are any issues with the payment, our team will follow up until resolved.

4. On-time rents- We ensure you get your rent on time.

5. Repair requests/complaints by tenants - We are the point of contact for the tenant, so they don't bother you. Any repair request from them is handled/negotiated by us. No repairs are done at your cost without your approval. Costs of minor repairs are borne by tenants.

6. Repair and ad-hoc requests from owners- We are your point of contact, for any ad-hoc requests you might have.

7. Association complaints- In the event you receive any complaints from the Association about the tenants, our team will handle and resolve the same.

8. Maintenance works- All minor works are paid for by the tenant, except in the rst 20 days after move-in. For any major repairs, such as seepage issues, etc, our team can source vendors and coordinate the same for you.

9. TDS certicates/Form 16s- In the event the tenant is a company, and there is a TDS deduction, our team will follow up and source the TDS certicates every quarter for your income tax ling.

10. Rent receipts to tenants- Any rent receipts requested by tenants are provided by us.

11. Tenant Relationship management- We also strive to maintain a cordial relationship with all our tenants, so we can ensure that your Click me for more details proptension india pvt ltd |9242-999-999 |9241-999-999 |9880-308- 832 | Service Area | BANGALORE | CHENNAI | HYDERABAD|MUMBAI| Coming soon in | PUNE| COCHIN| MUMBAI| You received this email because you signed up on our website or made purchase from us. Unsubscribe property is secured and well-maintained.

12. Tenant Renewals Every 11 months, the Leave and License Agreement with the tenant is renewed at the agreed-upon escalation, we start the renewal process 1 month before expiry

When a tenant vacates, we do a thorough exit check and calculate the costs of damages. We then do a final settlement with the tenant after deducting any unpaid bills, unpaid rent, and costs of repairs. We then restart our marketing process and work on Tenant Replacement (and the process repeats)