[Goldberg Global]

SERGIC
«GENERAL» TRANSLATION FOR GUIDANCE
ARTICLE 1 : OBJECT OF BASIC MANDATE
The mandate gives power to the “mandater” (Sergic), to manage the property and all rights under real estate law. The mandater has power for the following operations :
a) Managing of the property :
The “owner”, (the property owner), authorises the “mandeter” to collect all monies appertaining to the property & administration of the property - i.e. rent; charges; taxes etc.
The “mandater” will handle all the matters appertaining to the tax administration.
The “mandater” will apply all the laws appertaining to the property, “owner” and “tenant”.
The above comes into effect from the date of signature of the mandate.
The “mandater” is entitled to any interest accruing from monies placed in bank accounts.
The “owner” will make sure that the co-property insurance is up to date.
b). Finding tenant :
The “mandaters” pays for all the adverting etc. in accordance with law and decided with “owner”
All rentals by agreement of law article 67 decree n° 72-678 of 20.07.72.
Renewal of tenants agreement with existing tenant by agreement with “owner” only.
Not to accept tenants who wish to rent to other tenants.
The mandate is ended by 3 months notice of tenants agreement; whether by notice or expiry
To make sure all checks of property by bailiff are done at start and end of all tenant agreements.
c). Representation of owner :
The “mandater” represents the «owner» with the co-property of the building for voting etc. If changes to building are required it is paid by «tenant”, but agreed by «owner».
ARTICLE 2 - WORKS
The owner allows the “mandater” to make sure the property is kept in good condtition.
The “mandater” has obligation of results by civil code.
SERGIC
«GENERAL» TRANSLATION FOR GUIDANCE
ARTICLE 3 - RECOVERY OF BAD DEBT
The “mandater” gives guarantee of rental and is responsible for any damage or non-payment and damages.
The “mandater” has obligation of results by civil code.
ARTICLE 4 - OBLIGATIONS OF RESULTS OF «MANDATER»
The “mandater” has the obligation to pay the “owner” all the monies collected for the property, or the published “market value”, less his fees, irrespective if rented or not. And also between tenants if propery is vacant. This takes effect one month from signature of mandate, (or, on new build, on 1st day of calendar month of receiving keys).
The “mandater” has the right to increase the rent by market value at commencement of all new agreements.
The “owner” receives his monies on the 5th of each month.
ARTICLE 5 - SUSPENSION OF GUARANTEES OF MANDATE
The “mandater” has the right to suspend the contract for the following :
If the apartment/building is in an unacceptable condition and the “owner” refuses to modify.
“Force majeur”
If the “owner” forces the end of tenant agreement.
ARTICLE 6 : DEPOSITS OF GUARANTEE
The “tenant” must place 2 months deposit and guarantees by law for damage and rent, as required by law, in closed bank account.
ARTICLE 7 : ACCOUNTS
The “mandater” will send a full account of all monies received/spent monthly.
ARTICLE 8 : DURATION OF MANDATE
The mandate is for 3 years from occupation of first contract, and is renewable by agreement with each new contract. Three months notice prior to end of contract is required by registered letter.
At end of mandate the “mandater” will cease to have any further obligation.
If the “owner” dies, the mandate passes to next of kin who become the party responsible.
ARTICLE 9 : DOCUMENTS
The “owner” must provide first 4 pages of title deed and bank details