Property Management

direct.lu offers a complete management service for your property in Luxembourg

1. Installing a new tenant

Advertising the property on the Internet
Local, national and international advertising
Rigourous selection criteria
Drawing up all leases
Inventory of fixtures
Maintaining regular contact with the tenant
Overseeing work and repairs in accordance with estimates
Maintaining contact with an independant insurance broker, ensuring adequate insurance cover as required, see www.acco.lu
Coordinating repairs etc in case of damage (fire, water damage)
Advice regarding the tax system

2 Management and collection of rent.

Rent processing, service charge management.
Rent reminders – normal letter after day 10, registered letter after day 25.
In case of non payment after 10 days – payment demand.
Managemnet of dispute procedures.
Relation with the insurance agent re. minimum charge for loss of rent (La Perte de Loyers)
Breakdown of service charges with managing agent.
Rent re-evaluation and advice.
Assessment of Multirisque Habitation insurance, see www.acco.lu
Renewal of leases.
Management of Notices: reclaiming property to live in or giving notice in order to sell.
Ensuring conformity with compulsory regulations.

3.Regulation of rents.

4.Departure of the tenant.

5.Fees.