Manifesto for Transparency and Ethics in Real Estate
Transparency, fairness, and social responsibility are core principles that should guide every step of the real estate process. Real estate is not just about transactions—it's about homes, communities, and creating value with integrity. The following principles shape our actions and decisions:
1. Transparency in Every Transaction
02 Ventures believes in complete transparency throughout the advisory, buying, selling, and renting processes. All relevant data is provided without withholding any crucial information, ensuring that clients have a clear understanding of the property, market conditions, and associated risks or opportunities.
Conflicts of interests are avoided.
2. Fair Pricing for All Parties
Whenever possible, property prices are set at 5% below market value, recognizing that savings are made by not using agencies. This approach benefits sellers, buyers, and renters by eliminating unnecessary costs and simplifying transactions.
3. Tenant Deposits Managed Transparently
At the end of a tenancy, tenants are provided with an itemized, detailed Excel report outlining any expenses deducted from the tenant’s deposit. Transparency is prioritized in managing tenant funds to offer clarity and fairness to all parties involved.
4. Flexibility and Responsiveness for Tenants
Tenant requests are accommodated with flexibility and understanding. 02 Ventures is committed to responding to tenant inquiries within 24 hours, ensuring clear and timely communication to foster positive relationships.
5. Homes with Care and Consideration
While a property may represent an asset for an investor, it is also a home for someone else. Investors should approach every situation with empathy and respect for the current occupants. When purchasing tenanted properties, tenants are given ample time to relocate in accordance with the law, with their needs always taken into consideration.
6. Sustainable Renovation and Environmental Responsibility
Sustainability is a priority in every renovation. At least 10% of the value of new furniture is sourced from second-hand options, reducing waste and minimizing environmental impact. 02 Ventures is committed to promoting sustainable practices in every project.
7. Supporting Communities through Generosity
Whenever possible, at least 15% of existing furniture is donated to neighbors or those in need before replacements are made. This practice not only reduces waste but also strengthens community support, reflecting a real commitment to making a positive impact.
8. Thoughtful Investment for Positive Impact
Each investment decision should be rooted in the principles of transparency, ethics, and social responsibility. Real estate ventures are designed to create value while contributing positively to the environment, society, and the communities we operate in.