Common use of Terms of Business Clause in Contracts

Terms of Business. Property Maintenance The Landlord authorises Easy Location to arrange for any work/repairs which Easy Location considers to be of an urgent nature (up to £100) to be carried out and to deduct all such expenses from the rent monies collected. Where no funds are held by Easy Location, the Landlord agrees to pay any invoices within seven days. Easy Location will endeavour to seek prior authorisation, wherever practical. The Landlord hereby acknowledges that Easy Location cannot accept responsibility to arrange for any work/repairs or regular inspections to be carried out in respect of unoccupied properties available for letting without prior funding having been arranged. The Landlord acknowledges that Easy Location will apply a fee equivalent of up to 10% of the labour to all maintenance invoices. Extent of Easy Location’s Obligations Easy Location shall not be obliged to take any steps on behalf of the Landlord to enforce or ensure that the Tenant complies with the Landlord’s obligations contained Easy Location’s standard Tenancy Agreement nor to evict a Tenant who defaults or whose Tenancy has expired. If Easy Location agrees to assist the Landlord in these matters the work and any expenses incurred will be the subject of an additional charge. Although Easy Location Ltd endeavour to ensure the condition of the property is maintained throughout the tenancy, Easy Location Ltd advises there may be fair “wear and tear” of the property condition, and Easy Location cannot be held responsible for any damage Sale of Property If the leasehold or freehold of the property is purchased by the tenant or anyone introduced to the landlord by Easy Location during the tenancy then the landlord will pay the fee of 1% + VAT of the final sale price to Easy Location upon completion. Extension of existing tenancy If the initial fixed term tenancy ends and is the extended (with the agreement of the landlord) Easy Location will charge £75 + VAT for a 6 month AST and £90 + vat for a 12 month AST and will then draw up new contracts for the tenancy. Fees and Pricing The management fees and any other additional fees specified in the agreement will be deducted from the initial rent in a Let Only situation and monthly rent in a Managed situation. All charges are subject to change given a minimum thirty days notice. Keys Easy Location Ltd requests that the landlord provides 2 sets of keys for each property. Easy Location Ltd reserves the right to charge for a duplicate set to be cut if only one set is provided. Tenancy Terms The Landlord authorises ELL to let the property on behalf of the Landlord on the following terms:-

Appears in 4 contracts

Samples: Landlord Agreement, Landlord Agreement, Landlord Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!