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What can I do if the tenant leaves before the lease expires?

Our Tenancy Agreement sets out the penalties (deductions) in place for breaking the lease so tenants are aware beforehand of our position on this matter. If there is a mutual agreement between Landlord and Tenant then these penalties may be relaxed or waived. Other than legal redress there is no other course of action for the landlord or property manager. NOTE: Cornerstone carefully screens all...

What is the Cost to Manage my Property?

Cornerstone charges the industry standard of 10% of monthly rent receipts to manage a single-family home, condo, apartment, etc located in Trinidad (units in Tobago will cost a bit more due to additional transportation costs). There are no additional fees, ever. For multi-unit properties, we can negotiate our fee. You pay nothing when your property is vacant. This means we actively fill properties with...

What services will I receive?

Cornerstone will handle all advertising of the property if it is vacant when we commence the management contract. We will perform background checks and where possible, check into previous rental history and to see if the applicant is employed and able to meet the rental commitment. For existing tenants we will ensure their current tenant agreement is being followed or execute a new agreement; On...

What will you collect from the tenants before they move in?

Prior to move-in the tenant(s) must provide the first month?s rent and a security deposit equal to the value of one month?s rent. Additionally prospects will be required to complete and submit our confidential online Tenant Application Form which collects information in real time about the tenant including employment and income details, character references and more. Landlords will be sent all the...