How to manage your property when you live in another city or country?
How to manage your property when you are constantly traveling?
How to manage your property when you are a high-profile personality with little time and wish to remain discreet?
Many property owners have asked themselves these questions and found solutions.
Some have chosen to entrust the management of their property to a family member, a friend, or an unlicensed real estate agent.
Others preferred to give the responsibility to a notary, a lawyer, a bailiff, or a policeman. However, several owners have been disappointed and soon saw their properties damaged, neglected, abandoned, and sometimes their money misappropriated.
Some owners are unaware that there is a law regulating the real estate agent profession in Cameroon. This is Law No. 2001/020 of December 18, 2001, promulgated by the President of the Republic, and its implementing decree No. 2007/1138/PM of September 3, 2007, signed by the Prime Minister. According to Article 5 of Title I, the law states: “Notaries, lawyers, bailiffs, surveyors, registered legal advisors, mandatories, and judicial liquidators acting within the framework of their professional rules are not concerned and cannot act as real estate agents.”
The management of a property is a real estate operation that should be entrusted to a professional, an licensed real estate agent.
Managing real estate optimally requires significant workload and time commitment. Continuous professional presence is necessary in residential and commercial properties.
Managing means:
- Searching for tenants, selecting them, negotiating, and installing them
- Establishing and terminating leases
- Issuing due notices, delivering receipts
- Conducting check-in and check-out inspections
- Carrying out maintenance work with your consent, under the supervision of an architect or engineer
- Regularizing annual charges
- Providing monthly or quarterly detailed management reports
- Implementing all means to avoid vacancy periods
- Representing property owners in judicial instances
- Resolving extra-judicial disputes amicably
- Preserving, improving, and enhancing the property
- Collecting rents and transferring them to the owner, with a commission
The complete management of a property includes rental management, administrative management, commercial management, and legal management.
As with others, you can confidently entrust the management of your property to us. You will be free from any related burdens. With CODECIS, transparency is guaranteed.
The rent payments can be made in various ways, according to the owner’s preference: at home, to your family, into your bank account, via bank transfer, or directly at the address you provide.
We would like to inform you that the government has put provisions in place to compensate victims of dishonest operations, misappropriation of funds, or other wrongdoings.
You must have dealt with a licensed real estate agent, holder of a professional card. The landlord wronged by a licensed real estate agent can file a complaint with the National Association of Licensed Real Estate Agents of Cameroon (ANAIC), based in Douala, P.O. Box 11955, Tel (237) 699 94 62 72 / 699 95 79 64, or with the relevant Ministry, which is the Ministry of Urban Development and Housing.
Your complaint will certainly be taken into consideration, and a solution will be provided so that you can receive your rents. The negligent agent risks losing their license and being prosecuted for embezzlement and breach of trust.
We believe we have provided sufficient information and remain available to address all your concerns.
For more information, please write to us or give us a call.
