The Property Management Policy for Bajaj Investors establishes a framework for effectively managing residential and commercial properties while ensuring tenant satisfaction and compliance with legal standards. It outlines procedures for tenant applications and screening, lease agreements, rent collection, maintenance, and inspections. The policy emphasizes proactive communication with tenants, timely response to maintenance issues, and adherence to all applicable laws. By fostering positive tenant relations and maintaining property standards, Bajaj Investors aims to provide a high-quality living and working environment for all occupants.

1. Purpose
This policy outlines the principles and guidelines for managing properties under Bajaj Investors to ensure efficient operation, tenant satisfaction, and compliance with legal obligations.

2. Scope
This policy applies to all properties managed by Bajaj Investors, including residential and commercial units.

3. Property Management Responsibilities

• Property Maintenance: Regular inspections and maintenance of properties to ensure safety and upkeep.
• Tenant Relations: Establishing and maintaining positive relationships with tenants through effective communication and prompt responses to concerns.
• Financial Management: Budgeting, collecting rents, and managing expenses to ensure profitability.

4. Tenant Application and Screening

• Application Process: All potential tenants must complete an application form and provide necessary documentation (ID, income proof, references).
• Screening Criteria: Background checks, credit checks, and rental history verification will be conducted to assess tenant suitability.

5. Lease Agreements

• Standard Lease Terms: All leases will include clearly defined terms regarding rent, security deposits, maintenance responsibilities, and termination conditions.
• Renewals and Terminations: Renewal terms will be communicated 30 days prior to lease expiration. Termination notices must be provided in accordance with local laws.

6. Rent Collection

• Due Date: Rent is due on the first of each month.
• Payment Methods: Tenants can pay via bank transfer, cheque, or other designated methods.
• Late Payments: A grace period of 5 days will be provided, after which a late fee may be applied.

7. Maintenance and Repairs

• Reporting Issues: Tenants must report maintenance issues promptly through designated communication channels.
• Response Time: Non-emergency issues will be addressed within 7 days; emergency issues will be prioritized and addressed within 24 hours.

8. Property Inspections

• Scheduled Inspections: Regular inspections will be conducted quarterly to ensure compliance with lease terms and property condition.
• Notice: Tenants will receive a minimum of 24 hours’ notice prior to any inspection.

9. Communication

• Contact Information: Tenants can reach out via email or phone for any inquiries or concerns.
• Response Time: All inquiries will be addressed within 48 hours.

10. Compliance with Laws
Bajaj Investors will adhere to all local, state, and national laws regarding property management, including fair housing regulations and tenant rights.

11. Policy Review
This policy will be reviewed annually to ensure effectiveness and compliance with current laws and industry standards.

Property Management Policy
Bajaj Investors
Contact Information:
Email: ravinderbajaj24@gmail.com
Phone: +91-9876169000