Property Insurance and Mortgages. 7.1 If The Property is not covered by Buildings & Contents Insurance arranged through The Agent, The Landlord undertakes to maintain appropriate and adequate insurance for The Property and contents throughout the time it is let or unoccupied and to notify the insurers of the fact The Property is being let and of periods of non-occupation. The Landlord is advised that if he does not notify the insurer that The Property is let or unoccupied then the policy may be void and any claim refused. It is recommended that The Landlord holds both buildings insurance to cover any claim for damage or a personal injury claim made by a Tenant or a visitor to The Property and contents insurance, even if The Property is not “furnished”, to cover any damage to items such as white goods.
Property Insurance and Mortgages. 7.1 If The Property is not covered by Buildings & Contents Insurance arranged through The Agent, The Landlord undertakes to maintain appropriate and adequate insurance for The Property and contents throughout the time it is let or unoccupied and to notify the insurers of the fact The Property is being let and of periods of non-occupation. If requested, The Landlord must provide The Agent with a copy of the Insurance Schedule. The Landlord is advised that if he does not notify the insurer that The Property is let or unoccupied then the policy may be void and any claim refused. It is recommended that The Landlord holds both buildings insurance to cover any claim for damage or a personal injury claim made by a Tenant or a visitor to The Property and contents insurance, even if The Property is not “furnished”, to cover any damage to items such as white goods.
Property Insurance and Mortgages. If The Property is not covered by Buildings & Contents Insurance arranged through The Agent, The Landlord undertakes to maintain appropriate and adequate insurance for The Property and contents throughout the time it is let or unoccupied and to notify the insurers of the fact The Property is being let and of periods of non-occupation. If requested, The Landlord must provide The Agent with a copy of the Insurance Schedule. The Landlord is advised that if he does not notify the insurer that The Property is let or unoccupied then the policy may be void and any claim refused. It is recommended that The Landlord holds both buildings insurance to cover any claim for damage or a personal injury claim made by a Tenant or a visitor to The Property and contents insurance, even if The Property is not “furnished”, to cover any damage to items such as white goods. If The Property has a mortgage The Landlord shall: Notify the lender of the intention to let and obtain all necessary consents for letting in writing. Provide to The Agent, upon request, a copy of the written authority from the lender granting consent to let. The Landlord must inform The Agent, prior to the commencement of the tenancy, of any conditions imposed by the lender which need to be included in the tenancy agreement. The Agent reserves the right to seek confirmation of this consent if not provided within fourteen days of the commencement of the tenancy, however it is acknowledged that no liability whatsoever will attach to The Agent should he omit to do so. Fees and payment The Landlord agrees The Agent’s fees as set out in the Schedule attached, shall be deducted from rent paid or if insufficient, the balance will be invoiced separately or deducted from future rent at The Agent’s sole discretion. The Agent’s fees will be subject to review from time to time. The new rates, which will be notified to the Landlord as soon as possible, will apply to work carried out after the review date. Rent will be paid to a Client Account of The Agent. After clearance, this will then be transferred to The Landlord's designated bank account by the 15th of every month, after deduction of management fees and any costs or outlays incurred. The Agent will provide the Landlord with a monthly statement of income and expenditure. Within reason, The Agent will retain vouching for all payments made on behalf of The Landlord and copies will be provided to The Landlord upon request. The Landlord agrees to reimburse and compensat...
Property Insurance and Mortgages. 7.1 It is recommended that The Landlord holds both buildings insurance to cover any claim for damage or a personal injury claim made by a Tenant or a visitor to The Property and contents insurance, even if The Property is not “furnished”, to cover any damage to items such as white goods. The Landlord will advise the Insurers of the building of which the property forms a part, and the Insurers of the contents within the property of his intention to let. The Landlord will also ensure that the property is kept fully insured.
