Rent on the 1st. No rent, no fee.
Your statement for 1st April.
10 rooms at UGX 400,000, 9 with tenants. One payment and one statement a month, by SMS or WhatsApp.
- Rent from 9 rooms with tenants
- UGX 3,600,000
- Our 15%
- UGX −540,000
- Repair: tap, plumber UGX 100,000 plus our 10%
- UGX −110,000
- Paid to you on the 1st
- UGX 2,950,000
The empty room earns no rent and costs no fee, and we look for a tenant.
If a tenant doesn’t pay, we cover that first month and do the chasing.
So you are not left waiting.
-
1st March
A tenant misses March. We still pay you for that room on 1st March: UGX 340,000.
-
1st April
Still unpaid? We pause that room until it is settled. We remind, call and visit, then send a written notice. Our time costs you nothing extra.
-
If it goes to court
We ask you first and you say YES. A lawyer, the court and a bailiff are paid at cost: from the tenant’s deposit first, then by you. We never lock a tenant out.
We ask you before any repair above UGX 200,000.
We find a trusted contractor and bring you the price. You pay the contractor’s price plus our coordination fee of 10%, shown on the quote.
- A plumber quotes UGX 100,000 to fix a tap. Our 10% is UGX 10,000, so the quote is UGX 110,000. That is below UGX 200,000, so we fix it and list it on your statement.
- A roof repair at UGX 600,000 plus our UGX 60,000 is UGX 660,000, so we ask you first and you reply YES.
- Urgent safety repairs up to UGX 500,000 go ahead first, and we tell you the same day.
What we charge.
-
15% of the rent.
No rent, no fee. It is charged on rent only: not on deposits, not on utility or garbage money and not on repair costs.
-
10% on repair quotes.
Our coordination fee of 10%, shown on the quote.
-
Utilities at cost.
Electricity, water and garbage bills are paid at cost, with no markup.
-
Nothing else.
There is no sign-up fee, no letting fee and no yearly fee.
How we start.
-
Your papers.
A certificate of title in your name is enough. With no title, bring a sale agreement or letters of administration (or probate), a letter from your local council (LC1), and your signed statement that you own the building and may let it. We always need your national ID. We do not take a building that is in dispute, or that has co-owners who have not all agreed in writing.
-
The building.
We walk the building with you first and take photos. Unsafe items must be fixed within 30 days, before we start. We may decline a building that stays unsafe.
-
The payout account.
We pay your rent from an account we keep for rent payouts and use for nothing else. We take on a building only when that account can cover its payouts, so the promise to pay you on the 1st can be kept.
-
Your language.
The agreement comes in English and Luganda. You choose one, and you and we sign that version. One of our officers sits down with you, explains the agreement in your language and answers your questions. You sign, or give your thumbprint, in front of a witness you choose. You keep a copy.
Leaving
-
You can leave any time with 30 days’ written notice, and so can we.
-
If we have not paid you by the 3rd, you can leave straight away, with no fee.
What we ask of you.
- Tell tenants to pay only us, and pass on any rent paid to you the same day.
- No side deals on rent or tenants.
- No lock-outs, and no cutting water or power.
- Let us in with notice.
- Your taxes and rates stay yours.
- Tell us the truth about ownership, debts and disputes.
We can end the agreement straight away if you collect rent from tenants yourself, interfere with tenants, or refuse a repair that is urgent for safety.
Contact
Your Property. Our Responsibility.
- Post
- P.O. Box 170886, Kampala, Uganda
- Phone
- +256 751 569 838
- support@mwavuli.co