Lersuang Group has established A-Z Hotel and Property Management Company Ltd. to oversee the management, marketing and maintenance of all group developments. A-Z Management Company is a joint venture with Alfa Resorts & Management Ltd. which is headquartered in Hong Kong and currently has management contracts for properties in Bali Indonesia and Vietnam. Lersuang’s participation in the on going management of their developments is in line with the company’s commitment to buyers for the long term and not just as the developer.

Owners will enter into a management agreement as a condition of purchase which will govern the responsibilities of both parties.

The Management company shall be responsible for the following services:

• Financial Control and preparation of owners’ income statements
• Marketing including room rate setting, negotiation and approval of contract room rates, travel agent and other commissions, direct marketing, promotional and discount rates and policies
• Recruitment, training, and governance of staff
• Operation and maintenance of common area facilities
• Insurance policies for apartments and common area facilities
• Negotiation and approval of contracts with third party service providers including, satellite television, broad band internet, telephone, security, safety equipment, waste & pest control, laundry, pool cleaning, air-conditioning and pool servicing among others
• Routine and minor maintenance of apartments and common areas
• Obtaining necessary licenses and authority approvals to operate the property