For Managed Clause Samples
The "For Managed" clause typically designates certain services, assets, or responsibilities as being under the management or oversight of a specified party, often a service provider. In practice, this means that the managed party is responsible for the day-to-day operation, maintenance, or administration of the designated items, such as IT systems, facilities, or business processes. This clause clarifies which aspects are actively managed by the provider, helping to delineate responsibilities and ensure accountability, thereby reducing ambiguity and potential disputes over who is responsible for specific tasks or outcomes.
For Managed. Lets (defined at Clause 17.1(a)) The Landlord acknowledges that this Agreement will exist for one year with effect from the last date of signing this Agreement and will renew annually until terminated by either party in accordance with clause 27 of this Agreement.
For Managed. Lets (defined at Clause 17.1) where a retention from the tenancy deposit is required at the end of the tenancy, and there is agreement between The Landlord and The Tenant, The Agent will apply to the scheme for division and return of the deposit as per the aforementioned agreement.
For Managed. Lets (defined at Clause 17.1) deposits taken from the Tenants will be dealt with as follows:
9.1.1 For all Scottish properties, funds will be transferred to a scheme in terms of the Tenancy Deposit (Scotland) Regulations 2011 by The Agent. The Agent will hold the deposit until such time as it is transferred to a scheme of The Agent’s choosing. The Agent shall be able to transfer the deposit to a different scheme at their sole discretion. The Landlord will not be entitled to any interest accrued whilst the deposit is held by The Agent. Once the deposit is transferred to a scheme any interest accrued will be taken by the scheme in terms of the said Regulations.
9.1.2 For all English properties, funds will be registered to a scheme in terms of Sections 212 to 215 of, and Schedule 10 to, the Housing Act 2004 (as amended) by the Agent. The Agent will hold the deposit for the duration of the tenancy agreement and register it to a scheme of The Agent’s choosing. The Agent shall be able to transfer the deposit to a different scheme at their sole discretion. The Landlord will not be entitled to any interest accrued whilst the deposit is held by The Agent.