Managing a property is subject to rights and obligations and you may be confronted with a few challenges.
Papmu offers several tools which aim at simplifying the process.
The first step in renting a home is to choose the type of rental. Would you like to rent on a long term or short term basis? Furnished or unfurnished?
To define the type of rental, you should first take into account the offer and demand of your geographical area. Is it a residential, touristic or student area?
Furnished rentals are more and more requested in Mauritius. Renting a furnished property will allow you to reach more people and also to justify higher rates.
How to set a balanced price that will not scare the tenants while being profitable for you?
Here are some factors to consider before pricing your property for rental:
Here is a free Lease Agreement Template, provided to you for guidance only. Make sure to adapt it to your own needs and ensure that it complies with all applicable laws.
Download the free Lease Agreement Template
Here is some useful advice which will help you write the perfect Ad to put forward the assets of your property:
1. Describe your environment. Is it a residential area? Calm? Lively neighborhood? Next to shops and other facilities?
2. State in which condition your property is. Is it new? Recently renovated? Environment-friendly?
3. Mention the famous places/monuments in the surroundings.
4. Put forward the strenghts of your property. With terrace? Sea view? Lift? Bedroom suite? Office?
5. Indicate the facilities offered by your property. With swimming pool? Garden? Barbecue? Fiber optic installation?
6. Add good quality images which clearly show how your property looks like.
Once your Ad is published, phone calls from potential clients will follow.
Give the maximum information about your property and ask visitors about their projects and needs. This will help determine if your property might or not suit their needs and will help on how to approach visitors during visits.
Once the appointment is scheduled, make sure that your property is perfectly clean and tidy.
When the visitor arrives, start by showing the main rooms of your property, then the advantages mentioned in the Ad and finish your visit by showing the exterior and common areas as applicable.
To conclude the visit, don’t hesitate to ask questions about the visitor’s appreciation and feelings before starting a potential negotiation.
Mauritius is known as one of the world’s top luxury tourism destinations. With attractive beaches and a tropical climate, Mauritius offers peaceful and sunny holidays all year long.
Here are some useful links about what to do in Mauritius.
Why you should invest and live in Mauritius?
Known to be the best country in Africa to do business, with an economy considered as “the most competitive economy” in sub-Saharan Africa, Mauritius holds every year more and more investors and expatriates.
How to invest in Property?
The Property Development Scheme (PDS), which has replaced the IRS and RES, allows the development of a mix of residences for sale to non-citizens, citizens and members of the Mauritian Diaspora.
It allows the buyer to emigrate or to retire in the island with a permanent residence permit, through an investment of a minimum amount of USD 500,000.-
We have selected some useful links and articles about investing and/or living in Mauritius.
Why Mauritius? – Economic Development Board
Requirements for foreigners – The Mauritius Chamber of Commerce & Industry
Invest in Mauritius – Chambre de Commerce & d’Industrie France-Maurice
Necker Gestion Privée – Private Wealth Management company in Mauritius.
Live in Mauritius – Blog about life in Mauritius
Surface Conversion Table