Payment Schedule &
Monthly Management Fees

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Our Payment Schedule

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Payment Description Percentage Amount (LKR) Estimated Time
Reservation Fee Acceptance of the Offer Letter US $5,000 as set by CBC on the day Month 01
First installment Signing of Sales & Purchase Agreement 10% of balance amount as set by CBC on the day Month 02
Second installment Commencement of works 15% of balance amount as set by CBC on the day Month 03
Third installment On completion of concrete
casting of ground floor
15% of balance amount as set by CBC on the day Month 04
Fourth installment on completion of walls & structure 15% of balance amount as set by CBC on the day Month 05
Fifth installment Roof to watertight stage 20% of balance amount as set by CBC on the day Month 07
Sixth installment Interior & exterior plaster 15% of balance amount as set by CBC on the day Month 09
Seventh installment At handover 10% of balance amount as set by CBC on the day Month 11

Monthly Management Fees

The aim of Tamba Villas is to relieve resident and non-resident owners of all the hassle and high cost of ownership of a luxury villa by the ocean, while providing security, maintenance of the gardens, and a high standard of general upkeep of the common areas of the estate. Having lived and worked in Sri Lanka for many years the Tamba development team fully understands the issues around owning and maintaining a luxury villa in Sri Lanka.

To that end, Tamba Estates PVT Ltd (Sri Lanka) is entering into a relationship with Eden Villas, the leading luxury villa manager in Sri Lanka, to provide this service. Eden Villas has been managing luxury villas in Sri Lanka within a professional framework since 1999. They have considerable experience with ensuring villas under their management are maintained to a high standard. To manage and maintain the common areas, and to provide professional security for the whole estate, there is a monthly fee of US$100 per villa per month. This agreement, and fee, has been structured for the sole benefit of the owners and the charges do not contain a profit element.

For this purpose, there are no other costs. Eden Villas will offer an individual villa management service that villa owners may opt in to if they wish. A senior manager from Eden Villas will be situated at the Tamba Estate with housekeeping and maintenance staff provided. Using a password protected, online management system villa owners will be kept up to date with every aspect of their investment and can question, or issue instructions, as required.

The service is US$250 per month and is offered as an opt-in. If a villa owner chooses to opt in not only will this ensure the villa is well maintained but having it prepared for your arrival will require only a single phone call to the onsite manager. Similarly, if owners wish to secure rental income from their villa Eden Villas will provide a professional letting service that owners may opt in to. Promoting the villa to the local and international travel community as well as managing online travel agent listings and the Tamba Estate’s own www this service aims to maximize potential rental income when you are not occupying your villa. There are no fees for this opt in service and commission is paid on rentals.

Full details of the opt in management
and letting services are available on request.
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