What you can expect from

 

Monopoly Property Management Inc.

 

Our mandate is to inspect, manage and maintain “the property” and do all required with respect thereto as may be in the best interest of the Owner(s) including but not limited to:

 

 1.      Financial

 

We will:

a)      Collect all rentals and other income from “The Property” and promptly deposit in appropriate banking and investment accounts on behalf of the Owner

 

b)      Arrange for the payment of accounts rendered by tradesmen, suppliers, local and government authorities and others which are properly chargeable against “The Property”;

 

c)      Prepare and keep full and proper records of account of all financial statements of income and expenditures, balance sheets, the name of Tenants who are delinquent in the payment of their accounts, the names of all other delinquent accounts, and any and all other financial transaction;

 

d)      Prepare monthly financial reports for the Owner(s)

 

e)      Provide for the Owner’s review and approval, annual detailed Operating Budgets setting forth for the ensuing year all estimated income and expenditures as they pertain to the operation and maintenance of the Building(s);

 

f)        Provide supervision and contact auditors if necessary, for year end audits;

 

2.      Services

 

We will: 

 

a)      Engage competent, reputable and competitive service contractors for regular ongoing maintenance and repairs for items such as (but not limited to):

 

i)                    Heating and air conditioning equipment

ii)                   Landscaping

iii)                 Snow removal

iv)                 Concrete and Asphalt Surfaces

v)                  Exterior Painting and Repairs

vi)                 Elevator(s)

vii)               Security Systems

viii)              Garbage Removal

ix)                 Building Insurance

x)                  Structural/ Mechanical Engineers

xi)                 Janitorial Services;

 

b)      Purchase at competitive rates all supplies, fuel and other materials necessary for the proper maintenance and operation of the building(s);

 

c)      Arrange for and supervise, where applicable:

 

i)                    General Preventative Maintenance Programs

ii)                   Repairs and Maintenance of the Mechanical, Electrical and Plumbing Systems

iii)                 Exterior Building Maintenance

iv)                 Fire Prevention Systems

 

d)      Perform all such incidental repairs and alterations to the Building(s) as the Manager may deem necessary and as would reasonably be expected of a prudent Manager;

 

e)      Provide supervision of any employees of the corporation (i.e. superintendents);

 

f)        Establish routine maintenance standards and schedules, where applicable;

   

 

3.      Leasing

 

We will:

a)      Provide aid in leasing any empty units and in reviewing Offers to Lease for potential Tenants on behalf of the Owner(s) if applicable;

 

b)      Advertise and procure potential Tenants for vacant space if applicable, working together with the local Realtors;

 

c)      Provide Tenant co-ordinance services, receive and review plans and specifications for leasehold improvements on behalf of the Owner or Tenant, arrange for the completion of such improvements;

 

d)      Provide, prepare and negotiate Leases on behalf of the Owner if required;

 

e)      Administer Tenant leases to optimize revenue for the Owner;

 

4.      Communications

 

We will:

a)      Make regular inspections of the Building(s) and common areas, and report regularly to the Owner(s) with the status of these areas as they pertain to maintenance together with recommendations for repairs and replacements as necessary;

 

b)      Prepare and distribute general correspondence to all Tenants;

 

c)      Meet with the Owner(s) on a regular basis to review the operation of the building(s);

 

d)      Correspond with the necessary Governing parties with all relative matters;

Monopoly Property Management is prepared to modify and tailor services provided in order to meet the requirements and preferences of the Corporation. We also believe that it is the continuing mandate of the Property Manager to investigate and pursue competitive service contracts and maintenance alternatives. Such alternatives shall be presented to the Owners from time to time for their perusal. It is the objective of the Property Manager to reduce costs wherever and whenever possible.

 

 It is also the mandate of Monopoly Property Management to provide complete, comprehensive and carefree management of the assets of the Corporation.