Common use of Managed Service Clause in Contracts

Managed Service. As above plus a management fee of 10% of the monthly rental value to be deducted from I/We, the landlord(s) agree for the property to be marketed at: PCM I/We appoint ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇ & Company to let the above property as stated in the Terms of Business. I/We understand that as landlords, I/we are responsible under the LET ONLY SERVICE for the collection of rent and managemetn/repair of the property. I/We appoint ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇ & Company to let, collect, and remit all rent and to manage the above proeprty as stated in their Terms of Business. I/We authorise the agent to carry out all repairs that may affect the property including safety, security and compliance with the statutory notices and regulations with prior permission of the Landlord. I/We indemnify ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇ for all costs relating to such emergency repairs as may in their absolute discretion need to be carried out. In addition to the options outlined above, the follwing fee’s may be charged - *NB ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇ Limited require cleared funds prior to the arrangement of the below Check out inventory/Schedule of condition at the end of a tenancy (Not included in a let only service). £100 Where, with the consent of the landlord, the tenancy is renewed or extended to the same tenant (Or any other person associated with the tenant) originally introduced by the agent, the agent shall prepare the tenancy agreement for a renewal feepayable prior to the preparation of the agreement. This includes the confirmation that the original tenant application information is still valid. £150 Administration charge for the co-ordination of maintainance of contractors where the property is not managed. 15% of the cost of the work  Advise upon the likely rental income, furnishings and related matters.  Advise on Health and Safety and other legislative matters.  Marketing of the property i.e. Advertising within the ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇ & Company website and lettings list, Website portals, Rightmove and a ‘To Let’ board situated at the property (where possible).  Accompanied viewings.  Tenant referencing and credit checks.  Preparation of Check in Inventory/Schedule of condition.  Preparation of appropriate Tenancy Agreement in accordance with the relevant Housing and Rent Acts.  Liaising with a Landlords mortgagee(s) where necessary with regard to references and Tenancy Agreements.  Collecting of the first month’s rent and deposit, deduction of Letting’s fee and any other agreed  Meter readings and referral to utility companies where required by the landlord.  Holding of the deposit and registering within a ‘Tenancy Deposit Protection Scheme’, as required by the Housing ▇▇▇ ▇▇▇▇.  The return of the deposit to the tenant at the end of the tenancy, subject to any deductions and arrangement for the balance to be returned to the Landlord.  All items included in the ‘Let Only Service’.  Retention of the pre agreed ‘Float’.  Monthly collection of rent and statement of account(s).  Quarterly inspection of the property.  Co-ordination of any maintenance work that requires attention on a routine or emergency basis and settling the account from the ‘Float’ or pre agreed monies received from the Landlord.  Arrangement of any statutory testing that is required e.g. Electrical Inspections, Gas Safety Certificates & Energy Performance Certificate.  Preparation of Check out Inventory/Schedule of condition.

Managed Service. As above plus One Month’s rent +VAT to be deducted from the first monthly rental payment, and a management fee of 10% of the monthly rental value to be deducted from every month’s rental payment. I/We, the landlord(s) agree for the property to be marketed at: PCM I/We appoint ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇ & Company to let the above property as stated in the Terms of Business. I/We understand that as landlords, I/we are responsible under the LET ONLY SERVICE for the collection of rent and managemetnmanagement/repair of the property. I/We appoint ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇ & Company to let, collect, and remit all rent and to manage the above proeprty as stated in their Terms of Business. I/We authorise the agent to carry out all repairs that that may affect the property including safety, security and compliance with the statutory notices and regulations with upto an amount of agreed flaot withour prior permission of the Landlordreference to me/us. I/We indemnify ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇ for all costs relating to such emergency repairs as may in their absolute discretion need to be carried out. In addition to the options outlined above, the follwing fee’s may be charged - *NB ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇ Limited require cleared funds prior to the arrangement of the below Check out inventory/Schedule of condition at the end of a tenancy (Not included in a let only service). £100 Where, with the consent of the landlord, the tenancy is renewed or extended to the same tenant (Or any other person associated with the tenant) originally introduced by the agent, the agent shall prepare the tenancy agreement for a renewal feepayable prior to the preparation of the agreement. This includes the confirmation that the original tenant application information is still valid. £150 Administration charge for the co-ordination of maintainance of contractors where the property is not managed. 15% of the cost of the work  Advise upon the likely rental income, furnishings and related matters.  Advise on Health and Safety and other legislative matters.  Marketing of the property i.e. Advertising within the ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇ & Company website and lettings list, Website portals, Rightmove and a ‘To Let’ board situated at the property (where possible).  Accompanied viewings.  Tenant referencing and credit checks.  Preparation of Check in Inventory/Schedule of condition.  Preparation of appropriate Tenancy Agreement in accordance with the relevant Housing and Rent Acts.  Liaising with a Landlords mortgagee(s) where necessary with regard to references and Tenancy Agreements.  Collecting of the first month’s rent and deposit, deduction of Letting’s fee and any other agreed  Meter readings and referral to utility companies where required by the landlord.  Holding of the deposit and registering within a ‘Tenancy Deposit Protection Scheme’, as required by the Housing ▇▇▇ ▇▇▇▇.  The return of the deposit to the tenant at the end of the tenancy, subject to any deductions and arrangement for the balance to be returned to the Landlord.  All items included in the ‘Let Only Service’.  Retention of the pre agreed ‘Float’.  Monthly collection of rent and statement of account(s).  Quarterly property inspection to ensure that the condition of the propertyproperty is being maintained satisfactorily. (*NB Responsibility for and the management of empty property is not included, and will only be carried out through special arrangement with the agent.  Co-ordination of any maintenance work that requires attention on a routine or emergency basis and settling the account from the ‘Float’ or pre agreed monies received from the Landlord.  Arrangement of any statutory testing that is required e.g. Electrical Inspections, Gas Safety Certificates & Energy Performance Certificate.  Preparation of Check out Out Inventory/Schedule of condition.