Terms & Conditions
1. Thank you for selecting us to let and manage your property. We assure you that we have sufficient experience in the field of letting and management and shall be glad to offer these services, on the following terms:
2. Once having discussed the Landlord’s individual requirements, we will market the property to find a tenant. References are usually taken, though, in the case of students, their union card or some proof of admission to a course is considered sufficient. From others, references are taken from previous landlords, or employers, or other suitable persons, as appropriate.
3. When a suitable tenant has been found, we will negotiate the terms of the tenancy between yourself and the tenant. As part of our service, we will secure the tenancy by taking an initial deposit, make every effort to notify service companies of the changes in tenancy, prepare our standard Assured Shorthold Tenancy agreement, and draw up an inventory of furniture, furnishings and equipment in the property.
4. We shall make every effort to collect rent from the tenants, when it falls due. Statements of account shall be sent to your address. All rents due will be sent to you along with the statement within 10 days of the month following the month for which the rent is due.
5. The tenants will pay a refundable deposit as a security for the Landlords against any non-compliance by the tenant, with all terms of the tenancy contract. This deposit will be held by Lets Move Leeds, as stakeholders.
6.(Delete and initial this term if you intend to carry out all maintenance works yourself.)We shall Endeavour to obtain your approval for carrying out all necessary repairs or renewals to the property, furniture, furnishings or equipment. However, it is agreed that we will be allowed to have emergency or urgent works carried out, without your permission, up to a maximum value of £200. Please note that in case of building works only, we will make an administration charge of 15% of the value of the works, which will cover our negotiations with builders, fixing of contracts, supervision during construction and any subsequent works involved with enforcement of guarantee etc.
7. Our Commission will be 10%/8%/5% of all rents received plus VAT for Full management/Let and Collect the rent and Let Only respectively. This commission charge covers the initial inspection of the property, advertisement, finding tenant/s, executing tenancy agreement, preparation of inventory, collection of rents for Full management and Let and collect the rent only, and general administration of the tenancy contract.
8. You are strongly advised to keep your property fully insured at all times and account to the Inland Revenue, through your Accountants.
9. It is agreed that you appoint us as sole letting / managing agents for the property up to the expiry of the first tenancy negotiated by us, to be extended thereafter by mutual consent. Management encompasses collection of rents, advertising, and to arrange to carry out any works of normal maintenance.
10. If, solicitors have to be employed to deal with any matter of management of your property, this will be discussed with you. The solicitor’s fees shall be paid by you.
11. In giving us the following property for letting and management, you do solemnly declare that the below property is either fully owned by yourself or have obtained permission from other owners, mortgages or other interested person to let the property through us.
12. In case the above terms are agreeable to you, please sign the duplicate copy of this agreement below and return to us as soon as possible.
13. Payments will be sent within the first week of the following month for the previous month.
