LET ONLY SERVICE Sample Clauses
The 'Let Only Service' clause defines the scope of services provided by an agent who is engaged solely to find a tenant for a property, without ongoing management responsibilities. Under this arrangement, the agent typically markets the property, conducts viewings, and facilitates the initial tenancy agreement, but does not handle rent collection, maintenance, or tenant issues after the tenant moves in. This clause clarifies the limited role of the agent, ensuring both parties understand that ongoing property management is not included, thereby preventing misunderstandings about the agent's obligations.
LET ONLY SERVICE. ♦ The Agent will arrange to provide a guide on the rental price of the Property, usually by visiting. ♦ The Agent will promote the Property in appropriate ways to find a suitable tenant for the Property. ♦ Additional services are available for a fee. ♦ The Agent will arrange for the legally required checking and paperwork for the Property. This may include a gas safety record, an energy performance certificate, mains electrical testing, portable appliance testing and a legionella risk assessment. All costs will be borne by the Landlord, even if the Property is not actually let through the Agent. ♦ The Agent will arrange viewings with prospective tenants either using the keys supplied by the Landlord or in co- ordination with the current occupier. All viewings will be accompanied by the Agent unless agreed otherwise. ♦ Once a prospective tenant is found who is interested in the Property, they will be asked to complete an application form giving information about themselves. ♦ The Agent will then take references appropriate to the circumstances of the prospective tenant. This may be done by the Agent or may be outsourced to a referencing company as the Agent thinks fit. ♦ The Agent agrees under Part 3 Chapter 1 of the Immigration ▇▇▇ ▇▇▇▇ and the Immigration (Hotel Records) Order 1972 to be the person responsible for checking the immigration status of all applicants, as appropriate, before the initial move in. For Let Only landlords the Landlord will be responsible for any further work needed under the Immigration ▇▇▇ ▇▇▇▇ and the Immigration (Hotel Records) Order 1972. ♦ On receipt of references the Agent will set up the necessary paperwork to let the property on an appropriate tenancy or licence. ♦ The Agent will sign up the Tenant and collect any money due, giving the Tenant copies of appropriate paperwork. ♦ If a deposit has been collected and requires protection under the Housing ▇▇▇ ▇▇▇▇ rules then you will either need to have a custodial scheme account of your own for us to transfer the deposit money into or you will have to purchase protection with an insured scheme and we will only send you the deposit once you have sent evidence of that protection. If we do not get evidence within 10 days, we will protect the deposit in the custodial scheme to protect you. We will not, however, have any involvement in the agreement about the refund of the deposit or any disputes at the end of the tenancy. ♦ For Let Only Service landlords, the Agent will then send t...
LET ONLY SERVICE. (a) When a Tenancy Agreement for the Property is concluded, a set-up fee of 90% (75% + VAT) of the first month’s rent payable under that Tenancy Agreement.
(b) If and when a Tenancy Agreement for the Property is renewed, a set-up fee of 90% (75% + VAT) of the first month’s rent payable under each renewal Tenancy Agreement (but if at least half of the original tenants enter into a renewal Tenancy Agreement the set-up fee for that renewal Tenancy Agreement will be reduced to £150 + VAT).
LET ONLY SERVICE. Where the Landlord does not wish the Agent to undertake Full Management or Rent Collection, the Agent can provide a Let Only Service which is made up of CLAUSES 1 to 6 ABOVE. Full Management Service Fee: 12% Full Management Service Fee (Plus RENT ON TIME): 15.5% Rent Collection Service Fee: 10% Let Only Fee: 16.6% (of six months’ rent) The fees are payable at the commencement of the Tenancy and will be deducted from monies received by the Agent on the Landlord's behalf. If the tenant leaves prior to the end of the term of the Tenancy, the Landlord shall not be entitled to reimbursement of any fees paid. ADDITIONAL FEES & CHARGES (all fee are plus vat ) Initial Set Up – The agreed charge of £150.00 will be payable and deducted from the first rental payment (Rent Collection & Full Management Only). This charge is based on properties up to 3 bedrooms; there is an additional charge of £25.00 per bedroom. Tenancy Agreement Renewal – A charge of £100 will be payable for the preparation of a new tenancy agreement if requested by the landlord. Reference fee: this is charged at £25.00 per applicant and in the event of a tenant withdrawing or the landlord withdrawing the property, this fee will be payable to Streets Estates Ld within 14 days of said event. Alterations to the tenancy: If the landlord requests any alteration to the original tenancy there will be a £25.00 administration charge. Electrical certification: please ask for details of charges. Section 21 Notice: preparation and issue of notice £120.00 Section 8 Notice: preparation and issue of notice £120.00 Rent Guarantee: In the event of the Full Management fee of 12% not being charged Streets reserve the right to charge an additional fee to cover the cost of Rent Guarantee up to a maximum of £20.00 per month.
LET ONLY SERVICE. We will undertake Property appraisal and advise you upon marketing and rents achievable and thereafter commence marketing your property and undertake viewings and report to you as required. We will negotiate the terms of any letting and agree a let on a subject to contract basis. Having introduced a prospective tenant(s) who signs a legally binding contract for a tenancy upon specified and authorized by you. (This fee is non-refundable and payable on signing of the tenancy agreement. No renewal fee is payable unless you want us to engage in renewals or renegotiating the terms. In such an event, the fee originally agreed is payable.) The following services are included. • Marketing the property via internet and other advertising mediums. • Accompanying prospective tenants to view the property and receiving offers. • Collecting the references (Bank, Employer, previous Landlord if applicable) and a basic credit check. 🞟 Arrange for both parties to sign a Tenancy Agreement. (In person or electronically) 🞟 Prepare a breakdown cost for the tenant(s) and arrange a payment of initial rent to the landlord, less agreed deductions. 🞟 Collecting any security deposit paid by the tenants. 🞟 Landlords should protect the deposit.
LET ONLY SERVICE. Unless stated otherwise, this includes the marketing, accompanied viewing, referencing, credit searches, deposit registration and tenancy agreement set up 1st month’s rent set up including VAT (Subject to a minimum set up fee of £350 + VAT = £420)
LET ONLY SERVICE. All of the Tenant Find Service plus;
LET ONLY SERVICE. Where the Landlord does not wish the Agent to undertake Full Management the Landlord would remain responsible for all other aspects of the letting including up to date certificates, inventories & check outs, property maintenance and registering the deposit. The Landlord would remain responsible for complying with the deposit protection requirements of the Housing Act 2004 and must provide the Agent with written confirmation of this together with a receipt for the deposit monies received by the Agent on their behalf.
LET ONLY SERVICE. The Agent will arrange viewings with prospective tenants either using the keys supplied by the Landlord or in co-ordination with the current occupier. All viewings will be accompanied by the Agent unless agreed otherwise. • The Agent will arrange for the legally required checking and paperwork for the Property. This may include gas safety certification, an energy performance certificate, mains electrical testing and portable appliance testing. All costs will be borne by the Landlord, even if the Property is not actually let through the Agent. • Once a prospective tenant is found, they will be asked to complete a comprehensive application form giving information and details for referencing. • The Agent will then take up references appropriate to the circumstances of the prospective tenant. This may be done by the Agent or may be outsourced to a referencing company as the Agent thinks fit. • The Agent agrees under Part 3 Chapter 1 of the Immigration ▇▇▇ ▇▇▇▇ to be the person responsible for checking the immigration status of all applicants, as appropriate, before the initial move in. The Landlord will be responsible for any subsequent checks required under the Immigration Act. • The Smoke and Carbon Monoxide Alarm (England) Regulations 2015; Gas Safety (Installation and Use) Regulations 1998 and the Electrical Equipment (Safety) Regulations 1994. The Landlord must supply the relevant Prescribed information to the Tenant under the Housing Act. The Agent shall, if requested by the Owner and at the Owner’s cost, arrange for an Energy Performance Certificate (EPC), gas and electricity safety checks to be carried out before a tenancy commences in order to comply with the Owner’s legal obligations. These must to be prepared for the Property prior to marketing. The Agent will be unable to market the Property unless a valid EPC is available. • If it appears to the Agent that there are or may be at the Property any of the “hazards” specified in the HHSRS Regulations the Agent shall either: advise the Owner of the hazards and the steps that need to be taken; or recommend that the Owner seek advice from a suitably qualified person. • The Agent shall, if requested by the Owner and at the Owner’s cost arrange for the installation of any smoke and carbon monoxide alarms required under The Smoke and Carbon Monoxide Alarm (England) Regulations 2015; check that each alarm is in proper working order on the day a new tenancy begins. • The Agent shall, if requested by the Owner...