Owners

All owners of apartments at Elegant Lux contribute to the overall maintenance of the complex by paying an annual fee. The amount to be paid depends on the size of the property or properties you own. The amount of the maintenance fee, scope of the maintenance, and the basic rules of using apartments at Elegant Lux are part of the maintenance contract, which is obligatory for all owners at the complex. The essence of this contract is to make sure that the complex will remain a comfortable place to live in and will keep its current aesthetic design.

The maintenance of the complex covers its common areas: the common parts of both the buildings and the holiday complex (gardens, spa center, fitness center, ski storage, etc.).


The services rendered with regard to the maintenance are:

*24-hour year-round security and surveillance for the holiday complex;

*keeping gardens and communal areas clean;

*maintenance of the common equipment of the holiday complex;

*maintenance communal parts of the buildings (gardens, spa center, fitness center, ski storage, etc.);

*overall management of the complex;

*on-site manager;

*front office staff;

The maintenance of the complex does not cover overhauls inside of apartments, renovations of the supply systems in the villas, taxes and other costs of ownership for the apartments, etc. According to Bulgarian law, these costs are responsibility of the owners. Elegant Lux may only pay them on behalf of owners, if they wish to.


Rental Management

Some of the Elegant Lux’s clients take advantage of the rental management service and rent out their apartment when they do not use it. The renting of apartments is part of a separate contract between the property management company and the owner of the property. As owner, you need to specify your or your guests’ presence in the complex in advance so that we know when to rent out the apartment. The marketing, advertising and promoting of your apartment to tourists is the first obligation of the property manager under the rental contract. With regard to this, the property management company signs contracts with tour operators and other organizations to provide for a maximum occupancy of apartments rented out at Elegant Lux.

The rental management of the apartment is divided into activities undertaken during the period when the apartment is rented out and activities undertaken in the apartment when it is not occupied by tenants.

Outside the high tourist season, incl. the summer period, the property management company continues to take care of the property by paying bills, for instance. The property manager keeps the apartment clean and maintains it in a state to be successfully rented out to tenants.

The property manager keeps you informed about the periods in which your apartment is rented out, about incomes, costs to be covered out of the tourist season, etc.

For the marketing and management of your apartment, we take a specific percentage and/or fee of the income yielded. The rest of the income is paid to you each year.