In a condotel investment, you as an investor need to ensure that you must get an audit report from the condotel. The report is a responsibility in the form of management control and every year, you will get it. Also, make sure that the audit is carried out by a credible public accountant so that the report provided is maintained objectively. On the other hand, if you need the best condo in Singapore, perhaps you need to see Parc Canberra EC.
All information presented from the results of the audit should be obtained by the investors. That information contains the reasonableness of the benefits obtained each month.
In other words, the results of this audit report are a guarantee of the agreement process that they have carried out from the beginning of the investment carried out.
The first thing to explain at this point is the agreement between you as an investor and the manager of the condotel. You need to make sure every agreement is clearly made. Make sure that you are not harmed, at least there is a win-win solution. In addition, the agreement must have a valid and legal force. In the meantime, you may also want to buy Parc Canberra EC for your condotel investment.
This step aims to anticipate in the future if there are problems regarding the agreement. This will be resolved legally and of course, you will not be harmed by it.
The next thing is about development permits. You must Understand this problem by reading local regulations governing the ins and outs of the licensing.
You need to understand each document’s completeness in the process of obtaining a construction permit, starting with an analysis of environmental impacts, commitments to use water from drinking water companies (not groundwater), management commitments to develop the economy of local residents, and so on.
In addition to information, local residents often resist development because they are deemed to have a flawed licensing procedure. In addition, the lack of permits can cause you problems with people around the area. That’s why perhaps you must consider buying Parc Canberra condo units for your investment.
Of course, the case will hamper the development of your investment right?