FAQS
01. WHO IS THIS SERVICE FOR?
Property owners and developers preparing for redevelopment.
Many properties are empty and un-rentable as they have been run down by previous occupants. Vancouver building permits may take a year to obtain, forcing you to pay the Speculation and Vacancy tax if it’s unoccupied. At Sunwise Property, we will assume the cost and care of repairs, cosmetic updates and furnishings to spruce up your property for rent. And as your primary tenant, we work with your building schedule. If your timeline extends we can usually continue the agreement until construction begins. Enjoy the peace of mind knowing you have a secured, steady rental income stream and qualify for Empty Homes tax while waiting for permit
02. Is this a service i pay for?
At Sunwise Property, we proudly do not charge any service fees. We offer a unique service where we lease your property directly from you, and as your primary tenant, we pay you a mutually agreed-upon rent each month. Our service provides excellent value, as it covers upgrades, repairs, maintenance, and management, meaning you don't worry about those expenses during the rental term.
03. How can you guarantee the house will be vacated on time?
Fixed-Term Sublease.
With a fixed-term lease, tenants know exactly when their lease ends and when they are expected to move out. We ensure that everyone is transparent about the lease length and that our tenants are aware of their specific move out date well in advance, so there are no surprises. To ensure a seamless transition, we assist subtenants in finding new homes post-lease. Understanding the burden of relocation costs, we frequently cover these expenses, facilitating timely moves.
04. How much rent can I expect?
The rental price for your property is based on several key factors:
1. The condition of the property is an important consideration. A well-maintained property will typically command a higher rental price than a property that requires a lot of repairs.
2. The length of the lease is also another crucial factor we take into account. Longer leases typically result in higher monthly rental prices, and we can offer multiple rental pricing options based on different lease lengths. We understand that as an owner or developer, you may not be sure when building permits will be issued, so our rental options offered can accommodate different timelines.
3. The location and size of the property are also important factors that can impact the rental price.
Our rental structure is designed to provide owners with a hassle-free experience. We take care of all repairs and maintenance during the lease term, and our pricing options take into account the cost of upgrades, repairs, maintenance, and management. While our rental pricing may seem lower than other options initially, our structure offers better overall value for owners where you will also have the benefit of a vacated property when needed without worrying about managing the property yourself. Ultimately, our rental price for a property is determined by a variety of factors, and we work to provide owners with the best possible rental pricing options.
05. Who are our subtenants?
At Sunwise Property, we prioritize a comprehensive approach to subleasing that covers all the bases. We only rent to screened and qualified subtenants on a fixed-term lease, ensuring that your property will be vacated on time and rent will be reliably paid. Our tenants are typically previous tenants being relocated, with whom we have a trusted relationship, ensuring that they pay their rent on time and respect the property.
Our tenants are typically young professionals who value the freedom to personalize their living space, including the ability to have pets, paint their rooms, and enjoy additional storage space.
To find responsible and trustworthy tenants, we conduct a thorough screening that includes background checks and employment verification. We rent to a single group for the entire property, which meets the requirements of BC Speculation Tax exemption and qualifies as a primary residence. You can trust that we cover all the bases to provide you with a seamless and hassle-free subleasing experience.
06. What do you mean by hassle free maintenance?
Every property is unique and demands different levels of care. When you rent to us, we take on the costs of cosmetic improvements and maintenance. Many homes slated for redevelopment are often outdated and in need of tender loving care (TLC) to make them habitable and secure. We handle the labor and materials needed to make your space safe and livable, saving you time and upfront costs to ready your home for rental. Additionally, we cover the cost of professional cleaning, which plays a crucial role in prolonging the lifespan of appliances, furniture, and fixtures. When you entrust your property to us, you can be confident that we'll provide stress-free, hands-off maintenance at absolutely no cost to you.
Still have questions? Don't hesitate to reach out.