Landcorp Developments - A leading Sri Lankan property development group

Services

1. Land, planning and property development
2. Property management scheme
3. Free property research including valuation
4. Free comprehensive marketing
5. Top tips on making your house more saleable
6. Buy, sell, rent/lease or let both commercial and domestic properties
7. Architectural design for both commercial and domestic properties
8. Customized constructions
9. Arranging financial needs including mortgages

1. Land, planning and property development

LANDCORP land planning & development division specialize in the acquisition and disposal of potential properties after developments. All the developments are personally supervised by the higher management and therefore we can guarantee the quality of the development.

2. Property management scheme

Imagine this: you own a property and need to do nothing except wait for your cheque to arrive. Well, you can stop imagining now and get set to experience it for real because by letting us manage your property, you can rest assured that everything from tenant advertising and screening to rent collection is taken care of.

Our team of highly experienced professionals ensures that your property retains an exclusive edge at all times. Our complete realty solutions and proactive property management ensures that we continue to hold our position as the pioneer property management in Sri Lanka.

So, take your mind off finding a tenant, rent collection and numerous other issues that come with the landlord tag and focus on improving the income flow and marketability of your investment.

Our experienced property management department looks after many properties on behalf of our clients in Colombo and over seas, relieving client from the consent responsibility of being Landlord. In fact, many our corporate tenets prefer managed properties.

It takes skill and expertise to negotiate a tenancy successfully through to completion and still achieve the best possible price. Through training and experience our employees offer expert advice on both the letting process and your legal obligations as a landlord.

Take advantage of our following services:

	The Premier Service
	Gives the maximum level of service allowing you, the landlord, the minimum of involvement in the routine management and maintenance of the property. We'll manage the letting of your property from beginning to end and keep you informed every step of the way. Eliminating the hassle and worry. This service is ideal if you are unable, for whatever reason, to have a hands-on involvement in the day-to-day running of your property. This service contract includes all the benefits of The Premier Service detailed below,
	• Ensure an inventory is prepared on the property’s content and condition • Rent/deposit collection even by credit card. • Have our highly trained Property Management coordinators undertake specified Routine Visit checks to ensure the property is kept in good order. • Organize any necessary repair work, using our panel of qualified and approved contractors • Our experienced Property Management coordinators will visit the property at an agreed time and date to check the tenant out of the property and assess any damage and unreasonable wear and tear once they are ready to leave or you require your property back • Process the tenant’s security deposit upon satisfactory settlement of any damage and unreasonable wear and tear • Management while the property is vacant in-between tenancies.
	The standers service
	Designed to find the ideal tenant and tailored to the landlord who prefers to look after the day-to-day activities of the tenancy, such as collecting rent, chasing arrears and general maintenance.
	Pro - actively market your property to prospective tenants Carry out stringent referencing and financial checks Provide tenancy agreements and relevant notices to protect your legal rights Offer optional services including a professional inventory and tenant checkout service

3. Free property research including valuation

In short, it gets the ball rolling immediately- sourcing title deeds, drawing up comprehensive information about the property and identifying potential problems early on. By being ahead of the game, you are in strong position to speed up the exchange of contract and the progression of your move.

4. Free comprehensive marketing

Known for our comprehensive marketing, we spend millions of rupees every year ensuring that our clients’ properties receive maximum exposure across a variety of different media, including: key property titles, our monthly property brochure, email marketing, SMS, PR and of course online.

5. Top tips on making your house more saleable

	Adding value to your home
	If you would like to add value to your home with the intension of selling it in the future, or just to make it more comfortable to live in, you might consider following: So where do you begin? The exterior of the property is a good place to start to see if you are really taking advantage of its features and position:
	Pruning overgrown trees, add to the size of an existing lawn can to get a better view of open green area. Remove old sheds or worn out concrete paths - by getting rid of these you can not only create space, but also light, in the garden and the house. Check the appearance of the driveway and garage too – a new drive can significantly add to the appearance of a property and potentially the value. Perhaps the garage needs painting or even a new door needs fitting to it. By clever use of colours, and materials, it can compliment the appearance of the property and again add to the overall presentation and potential value. Make sure the paintwork, guttering and doors are well maintained. You could improve the amount of light coming into your home by using skylights, patio doors, solar tubes or even glass floors. Glass in a house can increase the feeling of space and make a dark room much more pleasant.
	Genaral Improvements
	Improve or modernize the kitchen like modern fitted pantry -consider replacing doors and handles if the unit carcasses are in good condition, replace the work surface with a more up to date one. The bathroom too is also worth concentrating on. Rip out any old colored 90’s style bathroom suites and replace with white ones in a design that compliments the age of the property and other furnishings. The number of bedrooms is still the preferred indicator of the size of a property for most people; make sure you spend extra time to groom other bedrooms apart from master bedroom too. Re-grouting tiles can instantly lift a tired looking kitchen, bathroom and living room. Consider replacing worn tiles – plain styles and light colours will make the room feel bigger.

6. Buy, sell, rent/lease or let both commercial and domestic properties

Presentation and timing are everything. Our specialist 'Photographers' are trained to take professional photographs and 360° tours, produce floor plans and write comprehensive property descriptions, all in just one visit. The result: your property ready to go within days.

7. Architectural design for both commercial and domestic properties

8. Customized constructions

9. Arranging financial needs including mortgages

	An a introduction to the verity of mortgage products
	A mortgage is a loan secured against your home. Understanding the many different mortgages can be a confusing business unless you take professional advice. Obviously you'll want to know which mortgage is suitable for your needs. It isn't quite as simple as choosing the lender who is offering the lowest initial interest rate at the time. You also need to think about other factors such as: Do you plan to move again soon? Do you want your repayments to remain fixed? Do you want your repayments to stay below a certain interest rate? All of which could make a big difference to the amount you pay in the short and long term. A mortgage can last several years before it is altered, so it is worth thinking about your long-term plans, and choosing the mortgage which most closely meets your needs
	Repaying your mortgage
	There are basically two alternatives: Repayment (or Capital and interest), and Interest only.
	Repayment mortgage
	With a Repayment mortgage you pay part interest and part capital repayments to the lender each month and in this way the capital debt outstanding is reduced until the loan is repaid.
	Interest-only mortgage
	With an Interest only mortgage, you make no capital repayments until the end of the term. Instead payments may be made into an investment designed to repay the loan at the end of the mortgage term. With this type of mortgage there is a risk that the value of the investment may not be enough to repay the debt. During the mortgage term, you pay only interest to the lender on the outstanding balance.
	Combination
	Some lenders are able to offer a combination of the above which may be more suited to your individual circumstances.
	Interest rates
	In addition to the standard variable interest rate, there are many different schemes available: Fixed, Discount, Capped and collar, Flexible or even a combination of some of the above!
	Standard variable rate
	With this type of mortgage your payments will go up or down when the lender's mortgage rate changes. Most standard variable rates tend to move in line with the Central Bank base rate and when the interest rate goes up, the amount that you have to pay also rises, and it falls when interest rates come down.
	Tracker rate
	This is a variable rate where the interest rate is a set amount above or below the Central Bank of Sri Lanka or some other base rate and so always "tracks" changes in that rate.
	Fixed rate
	The rate is fixed for a specified number of years, so you know what your payments will be over that period. Following this period, the rate will usually revert to the lender's standard variable rate.
	Discounted rate
	A discounted rate gives you a reduction of, for example, 1% off the variable rate for a specified period. So, although the rate may rise and fall, you will be paying less than the standard variable rate for this period
	Floating rate
	Your payments are variable, but they are guaranteed not to rise above a set level during a specified period. These schemes may sometimes include a minimum rate level which is the level the rate will not fall below. Following this period, the rate will usually revert to the lender's standard variable rate.

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