Top 9 DUTIES OF REAL ESTATE MANAGERS
AND RESPONSIBILITY OF ESTATE MANAGER
THE ESTATE MANAGER WILL HAVE TO PERFORM A VARIETY OF FUNCTIONS. LET US UNDERSTAND THE FUNCTIONS OF ESTATE MANAGER
1) RECORDS
- MAINTAIN ESTATE BUILDING AND RECORDS, PLANS, DRAWINGS, LAYOUTS, MASTER PLANS, NETWORK PLANS OF SANITARY AND OVER HEADLINES
- MAINTAIN RECORDS OF TITLE DEEDS, LONG LEASES, TENANCIES, OTHER OCCUPATIONS, AND LICENSES.
- MAINTAIN RECORD OF EASEMENTS, RIGHTS, OF SUPPORT AND RIGHTS OF LIGHT, WAYLEAVES ETC, FROM THE VIEWPOINT OF OWNER OF THE DOMINANT OR THE SERVIENT LAND MISCELLANEOUS DOCUMENTS ABOUT OWNERSHIP REPORTS OF ALL TYPES.
- ANY CLAIM OF ADVERSE POSSESSIONS,
2) REVENUE COLLECTIONS
- BILLED AND NON BILLED REVENUE AND ISSUES RECEIPTS.
- COLLECT FEES.
- COLLECT RENTS, TAXES, CESS ETC.
- MAKE TIMELY PAYMENTS OF DUES TO THE GOVERNMENTS, MUNICIPAL AND OTHER AUTHORITIES.
3) ACQUISTIONS, SURRENDERS, AND VACATIONS OF PROPERTY.
- ACQUISTIONS, REQUISITIONS OF PROPERTY.
- SALE AND PURCHASE OF PROPERTY.
- LEASE.
- MORTGAGE.
4) DEVLOPMENTS
- CONSTRUCTIONS OF NEW BUILDINGS , FLOORS, OR OTHER CIVIL , MECHANICAL WORKS
- INFRASTRUTCURE SUCH AS ROADS, GARDENS, WATER POOL, PUMPS, LIFTS, HALLS, COMPOUNDS, ETC.
- NETWORKS OF WATER SUPPLY , SEWERAGE, ELECTRICTY, GAS.
- RECONSTRUCTION OF STRUCTURES COMING TO THE END OF PHYSICAL OR ECONOMICAL OR USEFUL LIFE.
- ERECT STRUCTURES EXPLOITING MAXIUM LAND USE.
5) MANAGEMENT OF LITIGATION
- TAKE DECISION ABOUT INITIATION OR CLOSURE OR COMPROMISE OF LITIGATION
- ENGAGE COMPETENT LAWYERS, SOLICITORS, AND AGENTS DEALING WITH LITIGATION.
- MANAGE PROPER REPRESENTATION AND WITNESSES WITH RECORDS IN THE ONGOING LITIGATION.
- RESPOND TO NOTICE, SUMMONS, WARRANTS, AND OPPOSING COUNTER LITIGATION.
- INITIATE LEGAL OR APPROPRIATE REMEDIES IN RESPRECT OF NEW LEGAL, STATUTORY, PLANNING OR OTHER AFFECTING OWNERS PROPERTY INTERE STS.
6) MANAGEMENT OF ACCOUNTS
- MAINTAIN REGISTERS OF REVENUE, INCOME, AND EXPENDITURE AND PREPARE BALANCE SHEETS AND REPORTS.
- GENERATE BUGETS, ESTIMATES, AND MANAGEMENT ECONOMICAL REPORTS IN RESPECT OF DEVELOPMENTS.
- MAINTAIN BANK AND OTHER CONCERNED FINANCIAL ACCOUNTS.
- MAINTAIN DEBTORS AND CREDITORS REGISTERS.
7) MANAGEMENT OF ESTABLISHMENT, STAFF, CONTRACTORS
- PAYMENTS OF SALARIES, ALLOWANCES, PENSIONARY, BENEFITS FOR THE STAFF
- WATCH PAYMENT AND RECOVERY OF PENALITES ACCORDING TO CONTRACTS.
- WELFARE ACTIVITES, FUNCTIONS, PROMOTIONS, RECRUITMENTS, RETIRMENTS OF STAFF.
8) ACQUISITIONS OF REQUISITIONS
- MANAGE ISSUSES CONCERNING COMPULSORY ACQUISITIONS AND REQUISITIONS OF PROPERTY.
- OBTAIN AND MAINTAIN RECORDS OF AWARDS, GIFTS.
9) GENERAL MANAGEMENT
- TAKE APPROPRIATE DECISIONS REGARDING NEW LAWS, RULES REGULATIONS OR ORDERS AFFECTING THE INTREST IN THE PROPERTY.
- TAKE APPROPRIATE DECISIONS REGARDING NEW TECHNOLOGIES, ATTITUDES, AND OPTIMIZATION TECHNIQUES ENTERING THE PROPERTY MARKET.
- KEEP WATCH ON MARKET VALUATION OF PROPERTY AND ITS APPROPRIATE RETURNS.