CategoriesAbuja, Company insights, facility management, Property

Why do I have to pay a Refundable Caution Deposit (RCD)?

A refundable Caution Deposit is a security deposit paid by a prospective tenant, serving as proof of intent to care for the desired apartment.

Paying a Caution deposit is a sign that a prospective tenant would be cautious in handling all landlord’s fittings and fixtures to avoid damages.

RCDs are typically refundable upon departure if the fittings & fixtures are left in good condition.

There are lots of amazing tenants out there.

CategoriesAbuja, facility management, Property, property management, Real estate

Dinstinction between property management and facility management

Property Management focuses on the building itself, it involves the ADMINISTRATION of lease.

Some common duties include:
•Profilling & selection of suitable tenants,
•Rent collection and remittance.
•Routine inspection.
•Coordinating maintenance.
•Overseeing reinvestments in the building.

WHILE

Facility Management encompasses the responsibility of ensuring FUNCTIONALITY, COMFORT, SAFETY, and EFFICIENCY of the built environment by:
•Intregrating people providing services of the common good.
•Managing vendors, janitors, and artisans. •Ensuring all process obligations and support services are well-coordinated and integrated.

Our services in these areas will be relevant to a host of property owners.