Property Maintenance.
I/We authorise Michael Wood Homes to arrange for any works/repairs that MW Signs And Property Maintenance consider to be of an urgent nature (to an amount equivalent to three months rent). I/we also agree to the invoices in relation to such work being deducted from the rent monies collected. Where no such funds are held by Michael Wood Homes, I/We hereby agree to pay any invoices within seven days. Michael Wood Homes hereby agree to seek prior authorisation, wherever practical. The landlord hereby acknowledges that Michael Wood Homes is unable to accept responsibility to arrange for any works/repairs or regular inspections to be carried out in respect of unoccupied properties available for letting, without prior arrangement with the landlord. Any works/repairs or inspections carried out to said unoccupied properties may be subject to further charges.
Arbitration.
Should a dispute arise between myself (the Landlord) and the tenant, I/We hereby agree to let Michael Wood Homes act as arbitrators and agree to abide by their decision.
Terms & 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 Michael Wood Homes will deduct such fees due from rent monies collected. In the event of a local authority demanding repayment whether in part or in full of housing benefit from Michael Wood Homes 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 and immediately.
Should the property at any time be sold to the tenant introduced by Michael Wood Homes the Landlord will be liable to a charge of six months loss of commission as compensation.
2) Sole Agency/Sole Letting Rights.
Michael Wood Homes will be the sole Letting Agents from the date of this Agreement for a period of 52 weeks and thereafter until terminated in writing, by either party, giving 28 days notice. Should the property be let during our agency period, all fees will be payable to Michael Wood Homes 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 Michael Wood Homes In these circumstances, 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 buildings, and contents if applicable, and that the insurer is aware that the property is available for letting. The insurance company must also be notified 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 Michael Wood Homes.
5) Mortgage.
I/We, (the landlord(s)), hereby certify that should this 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 letting of the property.
6) Deposits.
Deposits taken from tenants are held by The Deposit protection service as stakeholder who act as arbitrators. Deductions can only be made from this deposit once a claim against it has been substantiated by The Deposit protection service 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 rent, is held with:
- The Royal Bank of Scotland.
- The sort code of the bank is 16 15 12
- The rent is held in account number 10218295
- No interest will be paid on money held within either account whether the accounts are interest-bearing or not.
8) Legal Requirements.
It is illegal to let the property until we have been issued with current safety records:
- Gas Safety (Installation & Use) Regulations 1994. I/We accept that gas appliances and installations must be checked and found to be safe by a CORGI registered engineer annually. I/We undertake to ensure that the above mentioned property is inspected in accordance with the aforementioned regulations annually. If you require Michael Wood Homes to have the safety check carried out on your behalf, prior to a tenant’s occupation, the fee is required to be paid in advance.
- Electrical Equipment (Safety) Regulations 1995. I/We hereby certify that the wiring at the property in both fixed electrical equipment and the building itself meets all electrical and fire safety regulations. I/We acknowledge that the appliances must be checked on an annual basis and agree to ensure a suitably qualified contractor is instructed to do so annually. Before a formal lease can be signed, a certificate must be issued by a qualified contractor initially and annually thereafter. If you require Michael Wood Homes to have the safety check carried out on your behalf, prior to a tenant’s occupation, the fee is required to be paid in advance.
- Smoke Alarms. I/We hereby acknowledge that, where smoke alarms are installed at a property, I/We shall be responsible for ensuring that they are fully functional and fitted with new batteries (unless hard-wired) before a new tenant moves into the above mentioned property.
- Furniture and Furnishings (Fire) (Safety) Regulations 1993. All soft furnishings in furnished or partially furnished properties must comply with fire resistance requirements that came into force in 1988. I/We confirm that in relation to the above mentioned property no furniture exists which in any way contravenes these regulations.
The above mentioned regulations are subject to change and I/We accept responsibility for ensuring that any amendments to either existing legislation and conditions made mandatory by new legislation are fully met. I/We except that Michael Wood Homes> 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 Michael Wood Homes responsible for doing the work and agree to meet all cost 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 Michael Wood Homes 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 may be subject to change given a minimum ninety days notice.
I/We have read and understood the Terms and Conditions stated herein and duly name as Sole Letting Agents.
Signature:
for and on behalf of Michael Wood
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