Landlords' services

Dear Landlord!

Whether you've been renting out your property for years or are just considering this option, VISTA is delighted to offer you a perfectly catered list of services. It will help you avoid any problems and unforeseen difficulties. Professional agents will oversee all aspects at every stage of the process: from the promotion and advertising of the premises to the signing of an official, legal lease agreement, including support post-signing.

1. Preparation of Apartment for Lease

The real estate market, at it's present stage of development, is placing ever-higher demands on lease-premises. Therefore, attention to detail is essential. This is particularly true of the entrance to the building, security facilities, the stairwell, the elevator, the entrance door to the apartment, the layout of the apartment, decoration/finishes, design, furniture and equipment. Contact us for free consultation.

 2. Ownership Documents

• Ownership documentation (for the proprietor of the premises);
• Proxy confirmation documents (for representatives of the proprietor of the premises);
• Certificate of registration of private business (for a Individual entrepreneur);
• Constituent documents of legal body (if the proprietor is a legal entity);
• Permission of the holders of custody and tutelage (if the proprietor or the one of proprietor is inor);
• Written notarial-certified approval of all the proprietors (if more that two).

3. Viewings

In order to lease the apartment as quickly and as advantageously as possible, it is necessary to make it look as appealing as possible. Before the demonstration, it is advisable to carry out a professional cleaning, to remove personal items and to air out the premises.

Holding viewings at times convenient for the prospective tenant will reduce the time taken for the apartment to be leased, and allow the landlord to select the most profitable offer. Many of VISTA's clients entrust experts of the company with the task of overseeing viewings of their apartments. They find that this is considerably more time-efficient, and gives a far greater number of prospective tenants the opportunity to view.

4. Negotiations and signing of the lease agreement

For peace of mind regarding the conditions and obligations of the lease agreement, and in order to be sure that the maximum possible has been done to avoid any potential problems and disagreements, it is essential to ensure that the agreement is set out as clearly and precisely as possible.

ViISTA's team of experts will oversee all aspects of the lease agreement, from negotiations through to the setting out of terms and conditions, ensuring you, as an end result, an agreement of the highest possible standard.

5. Insurance

Usually, insurance of the premises is provided by the proprietor. The insurance of its contents and decorations will protect you and your tenant from unexpected events as well as financial and temporary losses. Your personal consultant in the real estate agency will assist you in selecting a reliable insurance company.

Structural Damage Insurance

Structural damage insurance covers the risk of full or partial building destruction. It is required by many banks if you are obtaining a mortgage. However, it is less popular among Muscovites. For many, it's hard to imaging that their building will be fully or partially destroyed. Moreover, such policies do not cover damages to the building caused by terrorism or construction sites nearby (such as foundation cracks).

Renovation and Furniture Insurance

Renovation and furniture insurance policy covers risks associated with damage to a property's interior. Such damage may occur due to technical failure in the building, inside your property or any of the neighboring apartments.

Often, the conditions of apartments in the building vary in their level of upkeep and maintenance. Besides, the quality of plumbing and roof insulation often leaves much to be desired. Unprofessional renovation work and tenant's negligence often cause flooding of neighboring properties. That is why this type of insurance is especially popular among property owners and we recommend purchasing this type of insurance to both tenants and landlords. This is especially worthwhile considering that the cost of such insurance is relatively low - from 0.1% to 1% of the coverage.

Liability Insurance

This insurance policy will compensate your neighbors or other related third parties in case they incur damages due to any technical malfunctions in your apartment or negligence. This type of insurance is especially useful to those apartment owners whose neighbors have performed expensive renovations in their apartments. You want to minimize the risk of large compensation or expensive work billed to you in the case of any technical failure that results in flooding in neighboring apartments.. This policy is useful to both landlords and tenants, and we highly recommend purchasing it for your property.

6. Taxes

Income gained from the lease of real estate is subject to tax. The level of tax levied is dependent on the status of the proprietor, who will fall into one of the following categories: Russian Fiscal Resident, Non-Tax Resident, Legal Entity, or Individual Entrepreneur.

VISTA's consultants and professional lawyers will provide counsel on all aspects of the taxation system, will assist you in the drawing up of all the necessary legal documentation, and with registration as a Individual Entrepreneur.

7. We Will Be There For You For the Entire Term of the Lease

But this is not all! If you entrust us with renting your apartment, we will do the lease management up to the agreement termination date and negotiate with the tenant should any issues arise. Upon the expiration of the lease term, we will oversee the process of lease termination, apartment transfer and bill payment.

You can confide in VISTA and your apartment will turn into your personnel Bank witch make a profit under your regulations!