OAB definition
Examples of OAB in a sentence
The Owner agrees to provide such information and warrants that all such information provided to OAB will be accurate and will notify OAB promptly of any changes to it.
Following receipt of a countersigned copy of the statement from the Tenant, OAB shall send the amount specified in the statement to the Owner and return the remainder to the Tenant.
Prior to marketing the Property OAB will require certain information regarding the Property which will be included in the relevant marketing material, as well as a copy of a current Gas Safety Certificate in relation to the Property.
OAB shall not under any circumstances be liable for the actions of or for any loss or damage caused by the Tenant or by any guests staying at the Property during the Tenancy.
OAB recommends that the Owner prepares an inventory before the start of the Tenancy and presents this to the Tenant on his/her arrival, in order to verify any loss or damages that may be claimed through retention of the Security Deposit.
The Owner guarantees availability of the Property to the Tenant during the period of the Tenancy and hereby indemnifies OAB in respect of any claim against OAB arising as a result of the Owner’s failure to do so.
OAB will not however be obliged to obtain references or any other information regarding the Tenant or the other guests staying at the Property and will only do so by prior arrangement with the Owner and subject to payment of an additional fee.
OAB will not be liable for any claim from the Tenant arising as a result of any inaccurate information relating to the Property which has been provided by the Owner.
OAB shall collect this sum from the Tenant on the Owner’s behalf as the Owner’s agent, as well as a security deposit of a sum equal to 25% of the Rental Fee (the “Security Deposit”).
OAB shall not be liable for any damage, losses or costs caused by or due from the Tenant.