Real-estate agency

Other services

Beside services stated in the previous sections, we provide also the following specific services

Vacating apartment houses

For real estate owners who want to vacate an apartment house, we secure:

  • moving out tenants in accordance previous agreement with the owner, including payment of compensation for vacating the apartment
  • seeking a suitable apartment for tenants, including agreements
  • handing over an apartment back to the proprietor, including agreements with utilities and services suppliers
  • renting apartments for market rent, as agreed with the proprietor, or preparing an “owner´s declaration” and selling vacated apartments to third parties.

Legal analyses of ownership relations

When clarifying ownership relations we secure:

  • genealogic studies
  • genesis of property confiscated during “totality” period
  • seeking real estate owners and their legal successors

Lease of residential and non-residential premises

  • finding a suitable interested person
  • in case of personal ownership, drafting of the lease agreement in accordance with the relevant law
  • in case of cooperative ownership, or lease, drafting the sub-lease agreement
  • in case of non-residential premises, drafting of agreement on lease or sub-lease of non-residential premises
  • securing deposit of security for the proprietor
  • handing over the real estate to the tenant.

Other services related to real-estate management

  • arranging foundation of a building cooperative, a limited liability company, or a community of owners
  • finding a suitable flat for tenants, etc.
  • securing lease of flats/apartments and non-residential premises in the managed buildings
  • securing changes in the Commercial Register
  • providing legal services
  • providing assistance when arranging loans

The real-estate management bookkeeping

  • processing all financial operations on a special account of a house
  • checking the invoices and their settlement from the account of the owner
  • double-entry bookkeeping according to regulations in force
  • archiving documents
  • preparing and filing tax return
  • preparing balance sheets and profit and loss accounts
  • preparing annual financial statement
  • annual balance sheet on amount and purpose of use of the funds for maintenance, as well as expected income from rents in the next periods
  • processing wages
  • preparing for community of owners breakdown of the repairs fund for relevant year, including specification of costs and debtors
  • preparing for the co-owners summary of incomes from lease for their tax returns according to their co-ownership share

The real-estate technical management

  • keeping technical records of houses, flats/apartments and non-residential premises
  • keeping records of tenants and non-residential premises
  • securing communication between the proprietors and tenants, including administration
  • securing supplies of utilities (electric power, gas, water, heating, hot utility water), garbage collecting, including contracts with the suppliers, lift/elevator operating, common TV antenna, cleaning of the common premises of the buildings, sidewalks and adjacent green spaces, gardening services, operation of boiler rooms, emergency services, etc.
  • annual accounts and billing of heat, hot utility water and other services consumption
  • taking over from, and handing over the flats/apartments to the tenants according to the instructions from the owners
  • specification of, and checking, the payments of rent or contributions to the fund for maintenance and repairs
  • processing lists of debtors, tenants in default with rent payments and/or payments for services connected with the use of the flats/apartment, or co-owners in default with contributions to the repair funds, as well as providing cooperation when collecting payments owed
  • annual accounts of costs relating to the operation and maintenance of real estate
  • securing printing of money orders and regular handing over and taking over of data from the Czech Postal Office within SIPO (Concentrated Collection of Payments of the Population
  • annual reports on physical and legal status of real estate, including plans for repairs for the future
  • revision of technical installations in the managed buildings, including elimination of detected defects
  • minor maintenance, emergency repairs, and removing failures
  • fulfilling obligations resulting from the fire protection regulations
  • reconstructions and improvements of buildings in accordance with approved projects, , preparing invitations to tender, representing the owner in these matters and participation in building procedures and construction management
  • attendance at the meetings of the members of the board of community of owners and assemblies of owners.

Services related to sale of real estate

  • finding a suitable interested person capable to pay the purchase price
  • drafting a geometric plan and survey of a property, checking territorial planning in the given locality, condition of engineering network – where are the connections of the distribution network and under what conditions it is possible to connect
  • drafting a pre-contract (an agreement to make a purchase contract) to secure a mortgage loan
  • preparing a purchase contract
  • escrow of the agreed purchase price in accordance with an escrow agreement, as the case may be we can arrange escrow at an attorney at law or at a documentary letter of credit
  • expertise in cooperation with appraisers, market appraisals
  • entry – registration of ownership title into the cadastre of real estate, deletion of mortgage and easement
  • handing over of property in accordance with a handing-over record
  • preparing tax returns for real estate transfer

Services related to purchase of apartments/flat units

  • individual client care during the entire period when seeking a suitable real estate
  • inspecting all documents available to the seller in connection with the real estate being sold – acquisition title, certificate of ownership, land map photo, occupancy resolution, agreement on transfer of membership rights and obligations, etc.
  • preparing relevant contract or agreements in coordination with the seller
  • cooperation with an asking person when arranging mortgage credit or a credit from building savings
  • checking that the seller has no debts with all the suppliers of utilities and transfer of supplies of utilities to the purchaser
  • as concerns real property in private ownership, a real estate transfer tax return and manner of payment of the transfer tax

Services related to transfer of membership rights and obligations relating to lease of an apartment

  • finding of a suitable interested person
  • drafting an agreement on transfer of membership rights and obligations
  • securing documents necessary for drawing money out of building savings loans, and relating
  • securing building savings
  • depositing the agreed prices for transfer of membership rights and obligations in accordance with escrow agreement, as the case may be we arrange as the case may be we can arrange escrow at an attorney at law or at a documentary letter of credit
  • handing over the apartment/flat unit in accordance with a handing-over record

Services related to the sale of real estate in private ownership

  • finding a suitable interested person
  • preparing a pre-contract (an agreement to make a purchase contract) to secure a mortgage loan
  • arranging a mortgage loan
  • preparing a purchase contract or a contract to transfer the title to real estate, as concerns real estate a contract for construction
  • escrow of the agreed purchase price in accordance with an escrow agreement, as the case may be we can arrange escrow at an attorney at law or at a documentary letter of credit
  • expertise in cooperation with appraisers, market appraisals
  • entry – registration of ownership title into the cadastre of real estate, deletion of mortgage and easement
  • handing over of property in accordance with a handing-over record
  • preparing tax returns for real estate transfer

Consultancy on privatisation of residential houses

When privatising the housing fund we provide to the new owners of the houses the following complete services:

  • forming a new legal entity (in form of a cooperative of owners, or limited liability company)
  • preparing articles of association of a housing cooperative
  • preparing a memorandum of association for a limited liability company
  • making a purchase contract with the real estate owner
  • Declaration of the owner in accordance with relevant laws, and its registration in the cadastre (Land Registry)
  • transfer of apartments (flat units) into the ownership of the members of a housing cooperative
  • real estate management

Geodetic services

We secure:

  • cooperation with reputable geodetic companies
  • surveys of land and plots for constructions of houses
  • measurements for “owner´s declarations”.

All work relating to reconstruction of buildings

We secure:

  • preparing projects for reconstruction, in cooperation with architectural firms
  • reconstructions from building permission up to occupancy permits
  • cooperation with construction companies

Architectural and construction work

We secure:

  • designs and realisation of constructions in cooperation with architectural firms
  • preparing construction documentation including project
  • building new attic apartments in roof spaces of houses or penthouses

Expertises and appraisals

We secure:

  • preparing all expertises and appraisals in cooperation with experts setting the real estate value
  • expertises in accordance with bank regulations
  • real estate appraisals in accordance with valid regulations

Financial and tax consultancy

We secure:

  • financial and tax consultancy in the field of real estate
  • tax consultancy and tax processing in the field of real estate
  • mortgage loans for purchase of real estate, and that in cooperation with leading banking institutions

Assessment of investment intentions

  • due to long-term experience, we are able to secure for clients individual real estate market research
  • assessment of the client´s investment intention in the field of real estate