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Old 19th February 2013, 13:44   #1 (permalink)
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Rental Rates

Hi everyone, we have been approached to rent our 4 bed villa unfurnished by our management company. What is the going rate? and would we pay the management company a fee every month or a one off payment.
Thank you in advance for reading and your comments
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Old 19th February 2013, 13:47   #2 (permalink)
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Re: Rental Rates

Don't know what the going rate is, you could look up some of the rental sites on the internet for Villas etc.

As for fees, surely that would be up for discussion when they present their Mgmt plan to you, I assume there will be a notarised legal contract between you and them.
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Old 19th February 2013, 15:03   #3 (permalink)
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Re: Rental Rates

Is this long term or short term holiday letting?Either way be very specific as to the letting agreement between you to ensure that you do not give them carte blanche and there is protection against loss/damage, excess utility bills etc.If you are on a site you may need to get the agreement of the manager.

In assessing the rental level you will need to factor in potential additional costs including amending your insurances including adding third party liability, any amendments you may have to make to make to the house , excess wear and tear and the fact that you may be liable for taxation.
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Old 19th February 2013, 15:42   #4 (permalink)
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Re: Rental Rates

I have sent you pm about our place, which has rates etc in it but we look after it ourselves and pay for the cleaning etc. You really need to see what the Management company has in mind and go through everything with a find tooth comb. For instance if the Management Company pay you a set amount per month tha might simply suit better, they basically rent it off you and sublet it to others and then you dont have to be dealing with loads of paperwork but ensure that MC comply with sitesi rules etc and are responsible for all bills etc. Do you want to block a month out for yourselves to that you can use it too?
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Old 19th February 2013, 17:09   #5 (permalink)
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Re: Rental Rates

Oops I forgot to mention it is for a long term let. Not sure how long they want it for at the moment. GL we won't be using the villa so no problem with letting it out long term.
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Old 19th February 2013, 17:18   #6 (permalink)
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Re: Rental Rates

There is a standard rental agreement document which you can buy in any bookshop/stationary store and if you know someone currently in Turkey you might find it useful to ask them to get one for you ( with a translation if your Turkish is not up to it)- if only to compare with any document your Management company might propose. Also just think of all the questions you would raise if letting out your home in the UK . Sometimes it isn't about letting its about what they do with it ,including the management company, and how and in what state you get it back. Assume the worst now and there will be no problems later.

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Old 19th February 2013, 17:35   #7 (permalink)
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Re: Rental Rates

Unless I misunderstood, your original post said that your management company want to let your house unfurnished. It sounds like they just want to act as a rental agent for you. (Maybe they already have someone in mind to rent).

I presume, if you have been using it as a holiday home that it is currently furnished, what will you do with your furniture during the rental period?
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Old 19th February 2013, 19:46   #8 (permalink)
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Re: Rental Rates

Yes Traveller the villa is unfurnished and I know the management company has told me that there is a couple of workers (builders/engineers) who want to rent long term whilst they are in the area ( I am waiting on how long they want it). With regards the use of the villa for us that poses no problem it is empty at the moment. It would be nice to obtain some income.
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Old 19th February 2013, 20:29   #9 (permalink)
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Re: Rental Rates

Hi again,

That seems like an nice opportunity but they will only pay lira prices which would be far less and it is really important that the utilities are in their names not yours so there are no outstanding bills or fines. Why unfurnished? Are they going to use it as doss house for the workers, cos you want to ensure that the place is not wrecked and is cleaned regularly, make sure that that is in the contract and part of their costs. Take pictures of everything to prove that the #villa is in excellent condition and get them to sign and date photos with you and keep with contract. No arguing over it then. Hopefully there will be no problems and as others said think about it if you were at home what would you be looking for. If there was something you wanted done perhaps a little barter might worlk! Good luck with it all and do let us know how you get on.
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