Common use of RENT COLLECTION SERVICE Clause in Contracts

RENT COLLECTION SERVICE. Sole Agency: 12% + VAT (14.4% inclusive of VAT) A1. ON THIS LEVEL OF SERVICE WE WILL: (i) Market the property as we consider appropriate and accompany prospective Tenants on viewings. (ii) Report all offers received and negotiate acceptable terms for the Tenancy. (iii) Apply for references on the Tenant as appropriate. This will usually be via the services of a Credit Referencing Agency. The Landlord consents to being contacted by the third party referencing agency regarding additional services such as Rent Guarantee and Legal cover for the proposed tenancy. (iv) Prepare or administer on your behalf an appropriate Tenancy Agreement to be signed by both parties. (v) We will hold the Tenant’s security deposit as Stakeholder. Where the Tenancy is an Assured Shorthold Tenancy the deposit will be held and protected in accordance with Compulsory Tenancy Deposit Protection requirements under the Housing Act 2004. This will not apply if the provision of a Letter of Indemnity in lieu of a monetary deposit is agreed between the parties for a tenancy which is not an Assured Shorthold Tenancy. (vi) Demand and receive rent from the Tenant on your behalf (unless otherwise instructed), and forward this to your bank, less our fees and any other appropriate deductions. (vii) Prior to the end of the initial term of the Tenancy we will ascertain the intentions of both parties and negotiate any required and agreed extension or renewal of the Tenancy and prepare the relevant documentation. (viii) Prior to the end of the agreed term of the Tenancy, serve any appropriate notices if so instructed to do so by the Landlord. The serving of any notices upon the tenant that are not included within a Landlords Legal Expenses Evictions Cover with Rent Recovery Protection Cover will be charged at £150.00 + VAT (£180.00 Inclusive of VAT). (ix) On receipt of written confirmation from both parties of the agreement reached between the Landlord and Tenant regarding any deductions to be made from the deposit, disburse the deposit as instructed and confirmed in writing by both parties, and where applicable in accordance with the Compulsory Tenancy Deposit Protection Scheme. Please note that at this level of service we do not assess or negotiate between the parties any costs due to the Landlord from the Tenant’s deposit.

RENT COLLECTION SERVICE. Sole Agency: 12% + VAT (14.4% inclusive of VAT) A1Upon payment of our full fee as stated in these terms, Xxxxx & Xxxxxx includes as part of this service for the duration of the Tenancy Legal Expenses Eviction and Rent Recovery Protection Cover. Cover includes fi50,000 worth of legal expenses for non-payment of rent, expired section 21 notices and eviction of unauthorised occupants. Also included is Rent Recovery Protection on the monthly Rent up to a maximum of six monthly rental payments .This only applicable for Tenancies commencing where all relevant Tenants have passed relevant references. You should be aware that you are not purchasing an insurance policy but have an interest in the agent’s policy. You will not have any rights under the Policy but your interest in it will be noted. You should understand that you will receive acknowledgement detailing your interest in the agent’s policy but that you will not receive policy wordings. If the Tenant does fall into rent arrears and Xxxxx & Xxxxxx makes a successful claim under the policy, any sums recovered B1. ON THIS LEVEL OF SERVICE WE WILL: (i) Market the property as we consider appropriate and accompany prospective Tenants on viewings. (ii) Report all offers received and negotiate acceptable terms for the Tenancy. (iii) Apply for references on the Tenant as appropriate. This will usually be via the services of a Credit Referencing Agency. The Landlord consents to being contacted by the third party referencing agency regarding additional services such as Rent Guarantee and Legal cover for the proposed tenancy. (iv) Prepare or administer on your behalf an appropriate Tenancy Agreement to be signed by both parties. (v) We will hold the Tenant’s security deposit as Stakeholder. Where the Tenancy is an Assured Shorthold Tenancy the deposit will be held and protected in accordance with Compulsory Tenancy Deposit Protection requirements under the Housing Act 2004. This will not apply if the provision of a Letter of Indemnity in lieu of a monetary deposit is agreed between the parties for a tenancy which is not an Assured Shorthold Tenancy. (vi) Demand and receive rent from the Tenant on your behalf (unless otherwise instructed), and forward this to your bank, less our fees and any other appropriate deductions. (vii) Prior to the end of the initial term of the Tenancy we will ascertain the intentions of both parties and negotiate any required and agreed extension or renewal of the Tenancy and prepare the relevant documentation. (viii) Prior to the end of the agreed term of the Tenancy, serve any appropriate notices if so instructed to do so by the Landlord. The serving of any notices upon the tenant that are not included within a Landlords the Legal Expenses Evictions Cover with Rent Recovery Protection Cover will be charged at £150.00 fi150.00 + VAT (£180.00 fi180.00 Inclusive of VAT). (ix) On receipt of written confirmation from both parties of the agreement reached between the Landlord and Tenant regarding any deductions to be made from the deposit, disburse the deposit as instructed and confirmed in writing by both parties, and where applicable in accordance with the Compulsory Tenancy Deposit Protection Scheme. Please note that at this level of service we do not assess or negotiate between the parties any costs due to the Landlord from the Tenant’s deposit. B2. RENT COLLECTION SERVICE FEES (i) Rent Collection Service Commission Our commission is 12% + VAT (14.4% inclusive of VAT) of the gross rent payable for the full term of the Tenancy as per the terms of the Tenancy Agreement. This fee will be deducted from the rental payments as they are received throughout the term of the Tenancy. (ii) Rent Collection Service Renewal Fee The commission fee of 12% + VAT (14.4% inclusive of VAT) for sole agency instructions will continue to be payable and deducted from rental payments as they are received by us in the event that the Tenancy we arrange on your behalf continues either by written or verbal agreement between the parties beyond the original term or is renewed or extended for a further periodic or fixed term for occupation by: • the Tenant, or • any one of the Tenants in the case of more than one Tenant, or • the Occupier, or • any member of the immediate family of the Tenant or Occupier, or • any one of the same group of companies in the case of a company Tenant. Should the rent not be paid for any reason you will be liable to us for our commission whilst the Tenancy continues.

RENT COLLECTION SERVICE. Sole Agency: 12% + VAT (14.4% inclusive of VAT) Upon payment of our full fee as stated in these terms, Xxxxx & Xxxxxx includes as part of this service for the duration of the Tenancy Legal Expenses Eviction and Rent Recovery Protection Cover. Cover includes £50,000 worth of legal expenses for non-payment of rent, expired section 21 notices and eviction of unauthorised occupants. Also included is Rent Recovery Protection on the monthly Rent up to a maximum of six-monthly rental payments. This only applicable for Tenancies commencing where all relevant Tenants have passed relevant references. You should be aware that you are not purchasing an insurance policy but have an interest in the agent’s policy. You will not have any rights under the Policy but your interest in it will be noted. You should understand that you will receive acknowledgement detailing your interest in the agent’s policy but that you will not receive policy wordings. If the Tenant does fall into rent arrears and Xxxxx & Xxxxxx makes a successful claim under the policy, any sums recovered A1. ON THIS LEVEL OF SERVICE WE WILL: (i) Market the property as we consider appropriate and accompany prospective Tenants on viewings. (ii) Report all offers received and negotiate acceptable terms for the Tenancy. (iii) Apply for references on the Tenant as appropriate. This will usually be via the services of a Credit Referencing Agency. The Landlord consents to being contacted by the third party referencing agency regarding additional services such as Rent Guarantee and Legal cover for the proposed tenancy. (iv) Prepare or administer on your behalf an appropriate Tenancy Agreement to be signed by both parties. (v) We will hold the Tenant’s security deposit as Stakeholder. Where the Tenancy is an Assured Shorthold Tenancy the deposit will be held and protected in accordance with Compulsory Tenancy Deposit Protection requirements under the Housing Act 2004Xxx 0000. This will not apply if the provision of a Letter of Indemnity in lieu of a monetary deposit is agreed between the parties for a tenancy which is not an Assured Shorthold Tenancy. (vi) Demand and receive rent from the Tenant on your behalf (unless otherwise instructed), and forward this to your bank, less our fees and any other appropriate deductions. (vii) Prior to the end of the initial term of the Tenancy we will ascertain the intentions of both parties and negotiate any required and agreed extension or renewal of the Tenancy and prepare the relevant documentation. (viii) Prior to the end of the agreed term of the Tenancy, serve any appropriate notices if so instructed to do so by the Landlord. The serving of any notices upon the tenant that are not included within a Landlords the Legal Expenses Evictions Cover with Rent Recovery Protection Cover will be charged at £150.00 + VAT (£180.00 Inclusive of VAT). (ix) On receipt of written confirmation from both parties of the agreement reached between the Landlord and Tenant regarding any deductions to be made from the deposit, disburse the deposit as instructed and confirmed in writing by both parties, and where applicable in accordance with the Compulsory Tenancy Deposit Protection Scheme. Please note that at this level of service we do not assess or negotiate between the parties any costs due to the Landlord from the Tenant’s deposit.

RENT COLLECTION SERVICE. Sole Agency: 12% + VAT (14.4% inclusive of VAT) A1Upon payment of our full fee as stated in these terms, Curchods includes as part of this service for the duration of the Tenancy Legal Expenses Eviction and Rent Recovery Protection Cover. Cover includes £50,000 worth of legal expenses for non-payment of rent, expired section 21 notices and eviction of unauthorised occupants. Also included is Rent Recovery Protection on the monthly Rent up to a maximum of six monthly rental payments .This only applicable for Tenancies commencing where all relevant Tenants have passed relevant references. You should be aware that you are not purchasing an insurance policy but have an interest in the agent’s policy. You will not have any rights under the Policy but your interest in it will be noted. You should understand that you will receive acknowledgement detailing your interest in the agent’s policy but that you will not receive policy wordings. If the Tenant does fall into rent arrears and Curchods makes a successful claim under the policy, any sums recovered B1. ON THIS LEVEL OF SERVICE WE WILL: (i) Market the property as we consider appropriate and accompany prospective Tenants on viewings. (ii) Report all offers received and negotiate acceptable terms for the Tenancy. (iii) Apply for references on the Tenant as appropriate. This will usually be via the services of a Credit Referencing Agency. The Landlord consents to being contacted by the third party referencing agency regarding additional services such as Rent Guarantee and Legal cover for the proposed tenancy. (iv) Prepare or administer on your behalf an appropriate Tenancy Agreement to be signed by both parties. (v) We will hold the Tenant’s security deposit as Stakeholder. Where the Tenancy is an Assured Shorthold Tenancy the deposit will be held and protected in accordance with Compulsory Tenancy Deposit Protection requirements under the Housing Act 2004. This will not apply if the provision of a Letter of Indemnity in lieu of a monetary deposit is agreed between the parties for a tenancy which is not an Assured Shorthold Tenancy. (vi) Demand and receive rent from the Tenant on your behalf (unless otherwise instructed), and forward this to your bank, less our fees and any other appropriate deductions. (vii) Prior to the end of the initial term of the Tenancy we will ascertain the intentions of both parties and negotiate any required and agreed extension or renewal of the Tenancy and prepare the relevant documentation. (viii) Prior to the end of the agreed term of the Tenancy, serve any appropriate notices if so instructed to do so by the Landlord. The serving of any notices upon the tenant that are not included within a Landlords the Legal Expenses Evictions Cover with Rent Recovery Protection Cover will be charged at £150.00 + VAT (£180.00 Inclusive of VAT). (ix) On receipt of written confirmation from both parties of the agreement reached between the Landlord and Tenant regarding any deductions to be made from the deposit, disburse the deposit as instructed and confirmed in writing by both parties, and where applicable in accordance with the Compulsory Tenancy Deposit Protection Scheme. Please note that at this level of service we do not assess or negotiate between the parties any costs due to the Landlord from the Tenant’s deposit. B2. RENT COLLECTION SERVICE FEES (i) Rent Collection Service Commission Our commission is 12% + VAT (14.4% inclusive of VAT) of the gross rent payable for the full term of the Tenancy as per the terms of the Tenancy Agreement. This fee will be deducted from the rental payments as they are received throughout the term of the Tenancy. (ii) Rent Collection Service Renewal Fee The commission fee of 12% + VAT (14.4% inclusive of VAT) for sole agency instructions will continue to be payable and deducted from rental payments as they are received by us in the event that the Tenancy we arrange on your behalf continues either by written or verbal agreement between the parties beyond the original term or is renewed or extended for a further periodic or fixed term for occupation by: • the Tenant, or • any one of the Tenants in the case of more than one Tenant, or • the Occupier, or • any member of the immediate family of the Tenant or Occupier, or • any one of the same group of companies in the case of a company Tenant. Should the rent not be paid for any reason you will be liable to us for our commission whilst the Tenancy continues.