The Listing Process

The Leasing Process

1 - PREPARATION Before placing your suite on the market, prepare your condo to the best of your ability. Minor repairs such as paint touch ups, freshening caulking and a deep clean will go a long way. Addressing the small issues ahead of time will make your unit more appealing to prospective tenants and attract a higher quality tenant. If you need help preparing your unit just let our property manager know and we can assist you with this process.

2 - PROPERTY AUTHORIZATION Be sure to notify the property management company for your building and your tenants that you are going to be listing your suite with Turn Key Property Management. Check with your property management that you have all the appropriate documents to do so.

3 - SCHEDULE A PROPERTY ASSESSMENT Contact Turn Key Management to receive a free rental evaluation and determine which service best fits your needs. Schedule a meeting with one of our team members to walk you through our program and to visit the property.

4 - PROPERTY ASSESSMENT One of our qualified team members will go through your property to assess the property and to determine the best rental listing price. They will also advise you on any additional items we can do to prepare your property. Please have an extra key ready for us so we can use it for showings.

5 - LISTING THE PROPERTY Turn Key Property Management will go through all of the necessary paperwork to officially list and/or manage your unit. We use the latest paperless technology to simplify this process so you can easily sign everything on your mobile phone or computer. Once everything is signed we will process all your paperwork to upload your listing onto the MLS system and other rental sites. We will also have a lockbox installed so agents can show your suite to prospective tenants.

6 - OFFER When someone is interested in renting your suite, an offer will be drawn up and presented to you. You will have a period of time to review and either accept or decline. Our office will ensure to only present qualified tenants to you so it easy to make a decision. Our property manager will also go through the Offer with you to point out areas of concern and what to look out for. They will explain everything to you so you’re comfortable and aware of the components of the Offer before you sign.

7 - TENANT VERIFICATION Once you have ok’ed the tenant, we will perform our 12 step verification process on the prospect . We will do our due diligence on the tenant so they’re properly vetted and qualified prior to signing a lease.

8 - DEPOSIT AND PAYMENT Once the lease has been signed we will collect the deposit from the tenant. They will pay the first and last months rent as a deposit which will be held in our trust account until the closing date. We will also make a payment arrangements with the tenant for future rent and key deposits.

9 - CLOSING DAY On the closing day, our office will meet with the new tenant to exchange keys and receive any outstanding cheques or deposits. We will do an inspection to note any defects. A copy of the inspection report will be forwarded to you in your final closing package.

10 - CLOSING PACKAGE A copy all documentation pertaining to the lease will be mailed out to you once the property has closed. You will also receive a digital copy of everything so you can easily store it for your records. In addition, you will receive the balance of funds from the deposit that we collected from the tenant. Our head office will process this only after the deal has closes so you’ll receive this within 5-10 business days.