NOTES AND GENERAL TERMS. 1) If a mortgage exists on the property, The Owner must obtain the lender's consent to let.
NOTES AND GENERAL TERMS. If a mortgage exists on the property, The Owner must obtain the lender's consent to let. If The Owner is a leaseholder the terms of the lease must be checked and any necessary consent obtained to let. The Owner must ensure that adequate cover exists under both building and contents insurance, and must inform the insurers that the property is to be let. The Agent's Service does not include supervision of the property whilst unoccupied although visits may be made by staff in the process of re-letting. The Owner hereby agrees to ratify all lawful actions taken by The Agent under this Agreement. It is hereby agreed that The Agent may deduct from rental received all fees commissions charges and expenses payable or reimbursable to The Agent under the terms of this Agreement. Where The Owner is resident in the UK income tax on rental from property is entirely The Owner's responsibility. However where The Owner is deemed to be resident overseas, unless exemption has been agreed, The Agent must deduct tax from rental received and forward the same to the Inland Revenue. Whilst The Agent shall use their best commercial judgement in the selection of tenants and the execution of their Service hereunder, The Agent shall not under any circumstances be liable for non-payment of rent or any other outcome of the tenancy or for any legal costs resulting there from. Insurance policies are recommended to cover such risks. This Agreement will remain in force until terminated by service of two months’ notice by one party on the other provided that The Agent may terminate this Agreement forthwith and without service of notice in the event of any action or omission by The Owner or The Owner's representative which frustrates the continued performance of The Agent's Service hereunder.
