Common use of Managed Service Clause in Contracts

Managed Service. (a) When a Tenancy Agreement for the Property is concluded, a set-up fee of 30% (25% + VAT) of the first month’s rent payable under that Tenancy Agreement (minimum chargeable £300). (b) If and when a Tenancy Agreement for the Property is renewed, a set-up fee of 30% (25% + 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 no set-up fee is payable for that renewal Tenancy Agreement). (c) For one dwelling belonging to the Landlord on the Managed Service, a management fee of 13.2% (11%+VAT) of the rent due under the Tenancy Agreement for that dwelling, payable by instalments to coincide with the rent payment dates in the Tenancy Agreement. (d) For each additional dwelling belonging to the same Landlord a management fee of 12% (10%+VAT) of the rent due under the Tenancy Agreement(s) for the additional dwelling(s), payable by instalments to coincide with the rent payment dates in the Tenancy Agreement.

Managed Service. (a) When a Tenancy Agreement for the Property is concluded, a set-up fee of 30% (25% + VAT) of the first month’s rent payable under that Tenancy Agreement (minimum chargeable £300)Agreement. (b) If and when a Tenancy Agreement for the Property is renewed, a set-up fee of 30% (25% + 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 no set-up fee is payable for that renewal Tenancy Agreement). (c) For one dwelling belonging to the Landlord on the Managed Service, a management fee of 13.2% (11%+VAT) of the rent due under the Tenancy Agreement for that dwelling, payable by instalments to coincide with the rent payment dates in the Tenancy Agreement. (d) For each additional dwelling belonging to the same Landlord a management fee of 12% (10%+VAT) of the rent due under the Tenancy Agreement(s) for the additional dwelling(s), payable by instalments to coincide with the rent payment dates in the Tenancy Agreement.