CML Properties specializes in comprehensive management of commercial, residential and condominium properties.
Commercial Property Management
Residential Property Management
Strata (Condominium) Management
Commercial Property Management
CML Properties has an extensive portfolio of commercial management contracts from single occupant retail space to multi-tenant office towers and large industrial parks. Our services can be customized to meet your particular requirements. Our goal is to maximize the earning potential of the building while economically maintaining its stature in the marketplace. General scope of services would include the following:
- Collect rents and other monies in accordance with terms of lease;
- Diligent rental arrears collection to ensure accounts are current;
- Expose to the market and lease premises on terms satisfactory to the owner;
- Negotiate lease renewals;
- 24 hour 365 day on-call maintenance service for after hour emergency repairs;
- Supervise repair and maintenance of premises;
- Engage, discharge and supervise and effect payment of employees, agents and contractors as necessary;
- Prepare and deliver to the owner timely and accurate financial statements in respect of the premises;
- Prepare annual budgets and capital expenditure reports;
- Remit to the owner within an accepted period the revenue for the month less fees, expenses and a reasonable reserve;
- Obtain quotes for and manage major system or structural upgrade projects for a reasonable fee.
Residential Property Management
Our residential portfolio ranges from individual detached homes to 100 unit+ rental apartment buildings. Regardless of size, CML Properties offers a comprehensive property management program as summarized below:
- Fill vacancies maximizing buildings earning potential;
- Collect rent receipts in a timely manner;
- Arrange necessary repairs and maintenance;
- 24 hour 365 day on-call maintenance service for after hour emergency repairs;
- Regular office hours for tenants;
- Employ, discharge, supervise and pay the salaries for tradesmen, contractors, janitors, caretakers and other workmen at the owners cost;
- Strict accounting of all revenue and expenditures with monthly financial statements submitted to owner;
- Arrange and manage building insurance optimizing coverage while minimizing premiums;
- Obtain quotes for and manage major system or structural upgrade projects for a reasonable fee;
- Attend arbitration hearings and initiate collection procedures for tenants in default.
Strata (Condominium) Management
Managing a strata corporation is a lot of work, and for many strata council members it's a thankless job that takes a lot of their spare time. Fortunately, our monthly fees are very reasonable making professional management of your strata property an economical alternative.
CML Properties has extensive experience operating condominium properties and strata corporations. Our property managers are well versed in the Strata Property Act and other legislation pertaining to strata living. A brief summary of the services we provide for strata corporations can be found below:
- Professional guidance and advice regarding strata living;
- 24 hour maintenance staff available for emergencies;
- Regular office hours for residents;
- Pre-authorized bank payments for strata fees;
- Cost savings benefit from our volume purchasing discounts;
- Building and grounds maintenance;
- Enforcement of by-laws and rules at the direction of council;
- Register by-law changes at land titles;
- Arrange snow removal and sanding;
- Attend and advise at council meetings and Annual General Meetings;
- Record council and AGM meeting minutes;
- Follow up on arrears and collect bad debts;
- Prepare monthly and annual financial statements and budgets;
- Reconcile bank balance;
- Process invoices, verify accuracy;
- Issue and mail cheques;
- Deduct necessary taxes and remittances where required;
- Prepare T-4 slips at year end.
If you are interested in any of the above services or require further information please contact us and ask to speak to a property manager. A free proposal for any of the above services will be provided upon request.