Joy Lusher Real Estate Ltd.

Tel: 441.236.5120
Fax: 441.236.7409

Rentals

General Information

    In preparing to rent your property you have taken the first important step by considering Joy Lusher Real Estate Ltd. to assist in finding just the right tenant under terms and conditions acceptable to you. Our services include:

  • Provide current information to Landlords regarding the rental market
  • Advise on preparing your property for rent
  • Market through our website and the media
  • Schedule appointments
  • Conduct showings and represent your rental premises professionally and accurately
  • Work on a co-brokerage basis with all other Agencies to ensure maximum exposure to prospective tenants
  • Prepare a rental agreement and, once approved, obtain Landlord and Tenant signatures

Landlord Costs Associated With Renting

The landlord can elect to work with an Agent on a Finders Fee or Management basis.

Finders Fee

A Finder’s Fee is the equivalent of one month’s rent and is payable upon commencement of the lease. Agent responsibilities under a Finder’s Fee include:

  • Marketing
  • Showing the property to prospective tenants
  • Preparation of the rental agreement
Management

The management fee is 10% of the monthly rental amount payable each month for the term of the lease, OR a finder’s fee in the amount of the equivalent of one half of the first month’s rent, PLUS 7.5% of the monthly rental amount payable each month for the term of the lease. Agent responsibilities under management include:

  • Marketing
  • Showing the property to prospective tenants
  • Inventory
  • Inspection of the premises prior to commencement and upon expiration of the lease
  • Preparing monthly statements
  • Liaising between Landlord and Tenant on essential maintenance requirements
  • Preparation of the rental agreement