Common use of LET ONLY SERVICE Clause in Contracts

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. (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 £150 200 + VAT).