Property
Management

We offer both residential and commercial property management and we are the only real estate services provider with a proven track record of property management in Sri Lanka.

Why Acquest

Our competitive advantage is rooted in our unmatched industry knowledge, client-centric approach and our drive to add unprecedented value to our clients.
We are passionate about helping our clients make informed real estate decisions.

Over 10 years of Property Management experience

Acquest has exclusively managed the real estate portfolio of 53 apartments for Alden Global Capital (New York based Hedge Fund) since 2010, being their only representatives and investment advisors in Sri Lanka.

 

Proven track record

Successfully completed over 450 residential rental transactions, over 180 lease renewals and multiple high value renovations and refurbishments.

 

Dedicated team

Acquest has a competent dedicated residential rentals team and a dedicated property management team. Our team of industry professionals have specialist knowledge on specific property segments. 

End-to-end provision of services

Offering services ranging from defect checks to furnishing and interior solutions, letting and coordinating lease agreements as well as rent collection and managing routine repairs and maintenance so our clients have one point of contact.

Services

We cover every aspect of property management, including letting, maintenance, tenant care as well as the facilitation and coordination of all legal and administrative aspects.

Defects check – in the case of an apartment in a new development; Acquest will carry out a defects check and coordinate with the developer to rectify defects (if any).

Rental Market Appraisal to determine rental value

Furnishing and Interior Decorating – Acquest will facilitate furnishing properties that require furnishing including engaging an interior designer if required. Furnishing will include installation of appliances and fittings if required.

Letting / sourcing tenants – showcasing (professional photoshoot and 3D walkthrough), advertising and promoting the property.

Conducting viewings – viewings will be will be carried out by our rental team

Screening and vetting potential tenants

Negotiating lease terms

Coordinating lease agreements

 a. Advising on the terms of the lease agreement to safeguard the landlord’s interest

 b. Coordinating between the tenant or the tenant’s lawyer and the landlord’s lawyer

 c. Reviewing the lease/tenancy agreement

 d. Coordinating the signing of the lease/tenancy agreement

 e. Inventorization

Pre-let cleaning and inspection

Property handover to the tenant and orientation of the condominium or house

Rent collection

Tenant care – Acquest will handle any reasonable requests or complaints made by the tenant within the purview of managing the property

Insurance – facilitate arranging a suitable insurance policy if the landlord wishes to insure their property

Routine maintenance and repairs – routine maintenance and repairs will be facilitated by Acquest and costs of such routine maintenance and repairs will be borne by landlord.

Outgoings on the property – Acquest will ensure that payments for municipal council rates, condominium fees, sinking funds, utilities, service contracts, insurance payments and cleaning services are paid

Renewals – Acquest will negotiate and coordinate renewals.

Property Takeover – when a tenant is vacating an apartment Acquest will handle the takeover. Acquest will negotiate with the tenant on the necessary deductions

Bi-annual and annual expense statements – Acquest will submit comprehensive statements with corresponding invoices, receipts and proof of expenses. Property overview report including an evaluation of the current rental yield, future rental yield potential, property valuation, and an analysis of all costs incurred including all taxes and applicable fees. This can be generated at the request of the client.

Acquest will represent individuals or businesses identify their property requirements and negotiate with the landlord in the best interest of the tenant.

We serve as an intermediary for tenants and will also resolve any tenant-landlord disputes

Acquest will look into what is in the best interest of the tenant, and will handle all negotiations on behalf of the client.

Frequently
Asked Questions

To gain more clarity on property management and what to expect.

Client Experiences

“ We have used the services of Chandaka and his company, Acquest, since we began investing in Real Estate in Sri Lanka in 2010. We have developed a close relationship over that time and believe Chandaka to be highly knowledgeable, trustworthy and proactive in his real estate dealings with ourselves, and his team at Acquest to provide a consistently high level of service in managing and leasing our property portfolio in Colombo.”

Peter Slattery
Managing Director, Lora Properties Group

“Chandaka de Soysa of Acquest has been working with me on my personal real estate portfolio for approximately six years. Chandaka has acted on my behalf to lease as well as to sell some of my apartments. His advice on market trends has been insightful and helped me make certain strategic decisions. He has always acted with integrity and with a high level of professionalism. I continue to work closely with Chandaka and have every confidence in his input and that he will work in my best interests.

I have no hesitation in recommending Chandaka de Soysa and his firm Acquest.”

Ajit Gunawardene
Founder & CEO of Bluestone Capital Private Limited

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