Yes, all our houses are insured. Clients on house purchase are charged the premium on their account once a year. For rental houses, the premium costs are borne by PMC.

Yes. If a client wants to clear their outstanding balance they should inform the Debtor’s section and their account will be verified and they will be know the exact balance owed.

Yes. Clients are encouraged to pay more if they can afford to do so. They can also make one off payments.

Yes, Client should call the PMC Helpline on 2724000 after working hours and during the weekends for any emergency works.

The Property Management Corporation charges interest only on House Purchase agreement.  Currently the interest is calculated on the selling price of the house at a rate of 5% reducing balance.  This rate is subjected to review depending on the Socio-economic environment.

The Property Management Corporation emphasizes on making monthly repayment through salary deduction or standing orders.  Cash payments are not encouraged and will only be accepted as a last resort after counseling by PMC’s staff. 

Clients are advised to collect an account statement at the office every 6 months.

Monthly repayment depends on the type of agreement that the client has with PMC.  There are 2 types of agreements;

• House Rental Agreement
• House Purchase Agreement

Clients who are on a house rental agreement make a compulsory monthly repayment of R1000 whereas monthly repayment of House Purchase agreement is calculated as a percentage of clients’ monthly income.

The payee should keep their receipts in a safe place as proof of payments.

The Property Management Corporation (PMC) is not a budget dependant entity. The PMC collects rental income and uses this income to finance its operation.  There are however instances where the Government provides additional fund for PMC.  This is in cases where PMC has to carry out special projects as assigned by the government.

The Property Management Corporation is not incorporated under the Companies Act 1972 but was established in accordance with the Property Management Corporation Act 2004. 

The Property Management Corporation is not under the purview of the Central Bank of Seychelles but is considered as a Public Enterprise under the supervision of the Public Enterprise Monitoring Commission (PEMC). The PEMC ensures that Public Enterprises are properly controlled and managed for the purposes of better performance, transparency and accountability, to improve efficiency and competitiveness.

The Property Management Corporation emphasizes on making monthly repayment through salary deduction or standing orders.  Cash payments are not encouraged and will only be accepted as a last resort after counseling by PMC’s staff. 

The maximum repayment period for client on House Purchase Agreement is 30 Years but PMC is always encouraging clients to pay off their house within the shortest time possible in order to avoid paying interest for up to 30 years.

Both have the same legal right regardless if you are the payee or 1st beneficiary.

Client should report complaint/incident by calling at PMC’s office either in person or by phone on 4672800.