The CCR Guaranteed Rent Assurance is a product through our partnership with CCR Sales Executives handling the sales for a commission. The houses will be managed by CCR exclusive agent “QSB” who will manage all the houses under this scheme. CCR & Quick Stay BnB (QSB) are independent entities.
Home Owner/Investor (HO/I) indicates interest in the product offering. HO/I fills application forms for both CCR and QSB.
The Sales contract for the purchase of the housing unit is executed between HO/I and CCR.
Upon conclusion of Sales Contract with CCR and adherence to terms of payment, HO/I is immediately given an ALLOCATION of property.
A Master Lease Agreement (MLA) is drafted between HO/I and QSB using the allocation details provided the final execution of MLA will be based on HO/I meeting the minimum standard requirements for finishing and furnishing of the property. This may create a 2 -3 months time lag.
At the instance of the HO/I, CCR’s preferred finishing company may undertake the finishing and furnishing of the property.
The cost will be borne by HO/I. After completion of finishing and furnishing, satisfactorily verified by QSB, the MLA is executed and the property admitted into the rental housing pool. CCR pays rental returns periodically (monthly, quarterly or annually) based on preference chosen by HO/I and ticked on the MLA. Rent is always paid backend.
The contract period of 1 year runs its full course. Any home owner that chooses to exit during the one-year period shall only be entitled to 60% of guaranteed rental income, pro-rata for the length of time spent under the terms and conditions of the contract with the CCR.
In consideration of the additional costs being incurred by the home owners, CCR at its discretion may provide sales incentives such as price discounts, accelerated delivery dates, etc for housing purchased for leasing through this scheme.
CCR shall give the investor a guaranteed rental income of 10% net for finished houses 30 days after payment and a 15% guaranteed rental income 90 days after receipt of full payment for the off plan sales.
CCR may insure the property against any damage to the property during the initial one-year period, the cost of the insurance to be borne by the investor.