Stay Management Programme
Buea, Limbe, Douala and Yaoundé
Asking Consideration
XAF 22
one-off consideration
Overview
You own the apartment; we run it. Dynamic pricing against local demand, guest vetting and check-in, housekeeping, linen, maintenance call-outs and a monthly statement showing occupancy, revenue and cost line by line. Management fee is a percentage of collected revenue, so we only earn when the unit does.
What is included
- Dynamic pricing
- Guest vetting and check-in
- Housekeeping and linen
- Monthly owner statement
- Fee on collected revenue only
Specifications
- Fee
- 22% of collected revenue
- Notice period
- 60 days
- Reporting
- Monthly
Property Location
Buea, Limbe, Douala and Yaoundé
The contract
This listing is governed by Management Agreement — Serviced Stays (ref. XS-SER-027). Download it, read it, mark it up — then come back to us with what you want changed.
1Parties and subject
This agreement is made between Xserial SARL ("the Company"), the sole publisher and manager of the asset described herein, and the counterparty identified in Schedule A ("the Client"). The subject of this agreement is the asset referenced XS-SER-027, described in Schedule B together with its annexes, plans and inventory.
2Consideration and payment
A deposit of 0% of the stated consideration is payable on execution of this agreement and is applied against the total. The balance follows the schedule set out in Schedule C. Payments are made to the Company's designated account only; no agent, introducer or third party is authorised to receive funds on the Company's behalf.
3Title, documentation and warranties
The Company warrants that it holds or is duly mandated over the asset, that the title documentation supplied is authentic, and that the asset is free of undisclosed encumbrance, litigation or third-party occupation at the date of execution. Copies of the survey plan, title instrument and, where applicable, building permit are annexed.
4Tier — Moderate
A dedicated account officer is assigned for the duration of this agreement. Handover is managed, a snag list is issued within 14 days of occupation and remedial works are completed at Xserial's cost where they relate to construction defects.
5Inspection and acceptance
The Client is entitled to inspect the asset, accompanied by a surveyor or engineer of their choosing, prior to acceptance. Defects identified at inspection are recorded in a joint schedule and remedied, or reflected as a price adjustment, before completion.
6Termination
Either party may terminate for material breach not remedied within thirty (30) days of written notice. Where the Company terminates without cause, sums received are refunded in full within twenty-one (21) days. Where the Client withdraws without cause after the cooling-off period, the deposit is forfeited up to the documented costs incurred.
7Governing law and dispute resolution
This agreement is governed by the laws of the Republic of Cameroon and the OHADA Uniform Acts where applicable. The parties will attempt amicable settlement for thirty (30) days before referring any dispute to arbitration in Douala under the CCJA rules, in English or French at the Client's election.
8Notices
Notices are served in writing to the addresses in Schedule A, by hand, registered post or email with confirmed receipt. Notices to the Company are copied to contracts@xserialestates.com.
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