Welcome to Lamasco Real Estate! These terms and conditions outline the rules and regulations for using our website and engaging with our services. By accessing this website and using our services, you accept and agree to be bound by these terms. If you disagree with any part of these terms, please refrain from using our website and services.
1. Services Offered:
Lamasco Real Estate provides property leasing, management, and investment services. We facilitate the leasing of serviced properties, offer property management solutions, and assist investors in adding serviced properties to their portfolio. Our services are subject to the terms and conditions outlined herein.
2. Property Ownership and Lease Agreement:
As a property owner, you enter into a long-term lease agreement with Lamasco Real Estate. This lease agreement provides security and guarantees an agreed-upon rent for the duration of the lease, regardless of occupancy. We sub-let the property for short-term or long-term occupancy, handling all payments centrally.
3. Property Refurbishment and Maintenance:
Lamasco Real Estate may arrange and carry out necessary refurbishment and maintenance of the serviced properties. Costs associated with refurbishment and maintenance are either covered by us or can be agreed upon in partnership with the property owner. Quotes for any work will be sent to the owner before commencement, and rent will continue to be paid during the refurbishment period.
4. Financial Arrangements:
Lamasco Real Estate pays the property owner the agreed-upon rent, which remains guaranteed for the life of the lease, irrespective of occupancy. We handle all financial transactions centrally, providing additional security to the property owner. Rental reviews may be conducted periodically to ensure the rental charged remains at market value.
5. Property Transformation and Management:
Lamasco Real Estate offers property transformation services to property owners, including managing, refurbishing, and furnishing the property at our cost. These services are conducted in collaboration with top designers. Additionally, we ensure regular cleaning and maintenance of the property to maintain high standards.
6. Owner Responsibilities:
While Lamasco Real Estate takes care of many aspects of property leasing and management, property owners are responsible for complying with local regulations, providing accurate property information, and maintaining appropriate insurance coverage. Property owners should promptly inform us of any changes or concerns regarding their property.
7. Intellectual Property:
The content, including text, graphics, logos, and images, on the Lamasco Real Estate website is protected by intellectual property laws. You may not reproduce, distribute, modify, or create derivative works of this content without our prior written consent.
8. Disclaimer of Liability:
Lamasco Real Estate strives to provide accurate and up-to-date information on its website. However, we do not guarantee the completeness, accuracy, or reliability of the information and services provided. The use of our website and services is at your own risk.
9. Indemnification:
You agree to indemnify and hold Lamasco Real Estate and its affiliates, directors, employees, and agents harmless from any claims, liabilities, damages, expenses, or costs arising out of your use of our website or services, or violation of these terms.
10. Modifications to Terms:
Lamasco Real Estate reserves the right to modify these terms of service at any time. We will notify you of any changes by posting the updated terms on our website. By continuing to use our website and services after the modifications, you accept and agree to the revised terms.
11. Governing Law and Jurisdiction:
These terms of service shall be governed by and construed in accordance with the laws of South Africa. Any disputes arising out of or in connection with