Terms and Conditions

Terms & Conditions

 

LETTING SOLUTIONS PROPERTY MANAGEMENT CONSULTANTS

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You should read this document thoroughly.  If you have difficulty in understanding any of the terms and conditions laid out in this document, we strongly recommend that you seek the advice of a solicitor before signing.

 

Sole Agency Agreement – Residential Letting

Letting Solutions are hereby granted Sole Letting Rights until cancelled in writing, the landlord having given one month’s written notice.

 

Tenancy Term:

The Tenancy will be for a minimum period of six months, at a calendar monthly target rent of £ (Target Rent) exclusive, in accordance with the Housing Act 1998.  The Tenant shall be responsible for all other services.

 

Fees and Commissions.

I/We agree to pay Letting Solutions a tenant finder’s fee of £99.00 plus VAT for arranging the tenancy (this includes finding the tenant, serving of notices, preparation of lease and the taking of references for the initial period.

In the event of a new Tenant, the original amount of £99.00 plus VAT tenant finders fee shall be payable.  I/We agree to pay Letting Solutions a commission of 10 % of the calendar/4 weekly rent, for collecting the said rent for the initial and subsequent periods.

 

Payments:

I/We authorise payments to be made directly into the account details given below.  I/We acknowledge that this payment method is set up by Letting Solutions at no expense to myself.

 

Cancellation Charge:

In the event that this agreement is cancelled by yourselves prior to the arranging of a Tenancy an administration charge of £80.00 plus VAT is payable.  If the agreement is cancelled during this period of tenancy with a tenant in occupation, then full management fees will be payable until the end of the occupation/lease with that tenant, whichever is the longest.

 

Property Maintenance:

I/We authorise Letting Solutions to arrange for any work/repairs which Letting Solutions consider to be of an urgent nature (to an amount equivalent to three months rent) to be carried out and to deduct all such expenses from the rent monies collected (where no such funds are held by the Letting Solutions I/We hereby agree to pay any invoices within seven days). 

Letting Solutions will endeavour to seek prior authorisation, wherever practical.  I/We hereby acknowledge that Letting Solutions cannot accept responsibility to arrange for any work/repairs or regular inspections to be carried out in respect of unoccupied properties available for letting without prior funding having been agreed.

 

Arbitration:

Should a dispute arise between myself (the landlord) and the tenant, I/We hereby agree to let Letting solutions act as arbitrators and agree to abide by their decision.

 

Housing Benefit Tenants:

I/We acknowledge that should I/We accept a tenant in receipt of Housing Benefit the amount of rent paid by the relevant council will depend on the tenants entitlement to benefit and the valuation placed on the property by the Councils Rent Officer. 

I/We accept that the rent specified in this agreement is a target rent as is specified on the Housing Benefit application form and the lease the tenant will sign.

Should the Housing Benefit allowance fall below my expectations I/We acknowledge that it is the responsibility of the tenant to make up the short fall and that this may not be possible to collect.

I/We acknowledge that Letting Solutions have advised me with regards to obtaining a Pre-Tenancy Determination from a Rent Officer prior to the commencement of any tenancy.  I/We understand that should I/We request the above mentioned determination there may be a delay in the start of the tenancy and that the amount specified as a result of this valuation may not be reflected in the final rent allowance paid by the council.

 

Pre-Tenancy Determinations:

I/We want / do not want you, Letting Solutions, to apply for a pre-tenancy determination prior to letting the specified property.  Please delete where applicable.

Under the provision of Information Regulations we cannot market your property until this section has been completed.

 

Terms and Conditions

1) Fees & Commissions:

Fees are due and payable immediately on a tenant entering into a tenancy agreement with the Landlord.  It is agreed that Letting Solutions will deduct such fees and commission due from rent monies collected.  In the event of a local authority demanding repayment whether in part or in full of, housing benefit from Letting Solutions and where the funds being demanded have been passed to the Landlord, then I/We hereby acknowledge that I/We (the landlord) shall be responsible for refunding all monies to the agent without any deductions whatsoever immediately.

 

2) Sole Agency/Sole Letting Rights:

Letting Solutions will be sole Letting Agents from the date of the Agreement and thereafter until terminated in writing by either party giving one months notice.  Should the property be let during our agency period, all fees will be payable to Letting Solutions irrespective of the introducer.  During the period of Sole Agency the Landlord will not instruct any other agent to let the property.

I/We confirm that no introduction of a prospective Tenant has already been made.  The right is specifically reserved to terminate this agreement at any time if the terms and conditions are unacceptably changed by the Landlord or become unacceptable to Letting Solutions.  The cancellation fee, as outlined overleaf, would then become payable.

 

3) Insurance:

The Landlord is hereby advised to ensure that there is insurance cover in force in respect of building and contents, if applicable, and that the insurer is aware that the property is available for letting.  Please also notify your insurance company of the date of occupancy.  In addition, if the tenant is claiming housing benefit the insurer must be made aware of this fact.

 

4) Residence/Domicile:

In the event that the Landlord takes up residence outside the United Kingdom, then, in accordance with the Finance Act 1995, a deduction in respect of Income Tax will be made until a valid exemption certificate is obtained from the Inland Revenue and lodged with Letting Solutions.

 

5) Mortgage:

I/We (the Landlord(s), hereby certify that should the property be the subject of a mortgage agreement, prior permission has been sought and obtained from the mortgage lender (and that I/We have a copy of this authorisation which I/We am/are willing to produce on request) for the lending of the property.

 

6) Deposits:

Deposits taken from tenants are held by Letting Solutions who will act as arbitrator.  Deductions can only be made from this deposit once a claim against it has been substantiated by Letting Solutions and, where appropriate, valid receipts have been obtained.  Disputes arising as a result of a claim against deposit money held are subject to the arbitration as outlined in this agreement.

 

7) Bank Details:

The Client’s money, obtained from both deposit and rent, is held with:

No interest will be paid on money held within either account whether the account(s) is/are interest bearing or not.

 

8) Legal Requirements:

It is illegal to let the property until we have been issued with current safety certificates:

The above mentioned regulations are subject to change and I/We accept responsibility for ensuring that any amendments to either existing legislations, or conditions made mandatory by new legislation are fully met.  I/We accept that Letting Solutions have the right to have mandatory work and / or inspections undertaken at the property if I/We fail to comply with any act of legislation affecting my property.  I/We hereby agree that this does not make them responsible for doing the work and agree to meet all costs incurred ensuring the tenancy complies with legislation.

 

7) Data Protection:

The Landlord(s) hereby acknowledge(s) and agree(s) to the agent storing information relating to both the property and the Landlord on computer.

 

8) Definition:

Landlord.  The person who, by signature hereunder, instructs Letting Solutions to act as Sole Letting Agent and thereby agrees to be bound by this agreement whether in the capacity of owner or duly authorised person.

*All charges are subject to change given a minimum ninety days notice.