|
|
|
5.1. TENANCY
AGREEMENTS
Unless we receive written instructions to the contrary we will use our
standard form of Tenancy Agreement. Draft copies are available on request
for inspection by you and your building society or Solicitor.
5.2.
REFERENCES
We will instruct Credit & Fax to check the tenant's references on
your behalf. The tenant's address will be verified against the electoral
register and a search will be made to find if the Tenants have County
Court Judgements registered against them. The references checked will
include verification of employment details together with a personal reference
and credit check.
5.3.
REFUND OF FEES
If tenancy is terminated by operation of a break clause, we will refund
to you the appropriate proportion of fees on a pro-rata basis. If a tenancy
is terminated by mutual agreement between you and the Tenant or though
default by the Tenant, then none of the fees will be refunded.
5.4.
INSTRUCTION OF SOLICITORS
You will be advised of any rent arrears or breeches of the tenancy, which
come to our attention. However, if it is necessary for a solicitor to
take action, You will be responsible for instructing his own solicitor
and for all fees involved.
5.5.
OVERSEAS LANDLORDS AND TAX
If you are resident overseas or taxed as such we require you to complete
Inland Revenue for NRL1 - "Application To Receive U.K Rental with
No Tax Deducted". The form is available from Hamilton Wood and will
be forwarded to The Inland Revenue upon completion. If The Inland Revenue
refuse or fail to issue us with an exemption certificate, we will be legally
obliged to deduct 25% of the net rental income and remit the same to The
Inland Revenue You agree to indemnify Hamilton Wood against all the payment
of tax, interest thereon and penalties levied in connection with your
tax affairs.
5.6.
INTEREST
No
interest will accrue for your benefit on deposits, retention's, tax reserves,
rents or any other sum held by us on your behalf.
5.7.
INDEMNITY
You
will agree to indemnify us against all costs, claims and expenses properly
incurred by us on your behalf.
5.8.
VOID PERIODS
Our
management service does not include provision of any services or supervision
of the property when it is not let.
|
|