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TermsTerms && Conditions oConditions of Businessf Business
Termserms && Conditions oConditions of Businessf Business
T
FEES AND COMMISSIONS: Fees are due and payable immediately when a Tenant has entered into a
tenancy agreement with the Landlord it is agreed that Kings & Co will deduct such fees and commission
due from the rent monies collected. In the event of a local authority demanding repayment or part
repayment of housing benefit from Kings & Co and the housing benefit has been passed to the Landlord,
then Kings & Co will require repayment of this money on demand.
1. 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. Please also notify date of occupancy. In addition if the Tenant is claiming
housing benefit the insurer must be aware of this fact.
2. 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 unless a valid exemption certificate is obtained from the Inland Revenue and lodged with
Kings & Co.
3. MORTGAGE: Where the property is subject to a mortgage, the permission of the Lender will
normally be required. It is the duty of the Landlord to seek such permission, and Kings & Co cannot
be held liable for any resultant outcome of failure of the Landlord to seek said permission.
4. DEPOSITS: Kings & Co who will act as Stakeholder’s hold Deposits taken from Tenants.
Deductions can only be made from the deposit once a claim against that Kings & Co has
substantiated and valid receipts have been obtained (where appropriate). Disputes arising as a
result of a claim against deposit money held are subject to the arbitration as outlined in this
agreement and within the terms of the tenancy deposit protection scheme.
5. BANK DETAILS: Clients money (both deposit and rent) are held in “Client Account” and “Deposit
Account” accordingly. No interest will be paid on money held within these accounts whether the
account is interest bearing or not.
6. CANCELLATION CHARGE: If the agreement is cancelled during the period of tenancy, with a Tenant
in occupation, then either three months notice is given or a fee of one calendar months rental
charged at the time. If the Landlord instructed on Full Management then changes to Let Only,
before the tenant moves in, Kings & Co reserves the right to charge the normal two weeks rent
subject to a minimum fee of £250.00 inc VAT
7. PERSONAL INTEREST: If our Principal, Employees or Associates has, or intends to have, a personal
interest in the letting, disposal or the acquisition of the property this will be disclosed to you either
now or on discovery. If you become aware of any such interest, it is vitally important that you
inform us to ensure that there is no contravention of the Estate Agency Act 1979.
8. LIABILITY: Kings & Co does not accept liability for any damage that may be caused to your property
while they act as Letting Agents by any party unless as a direct consequence of a breach of duty or
omission by Kings & Co. It is your direct responsibility to ensure that the property is fully secure,
particularly if left vacant and you should inform your house/contents insurers in writing if the
property is left vacant. All services should be turned off at the mains and all water/heating system
drained down.
9. INTRODUCTION: Kings & Co will be deemed to have introduced a tenant. Should these instructions
be terminated and the property subsequently let or sold by the Landlord within a period of 12
months to a tenant/purchaser previously introduced by Kings & Co then commission at the
appropriate rate will be payable in full.
10. NOTICE PERIODS: It is required that the Landlord gives 2 months notice of intention to end the
Assured Tenancy Agreement from a rent date, by way of Section 21 Notice
11. LEGAL REQUIREMENTS: It is illegal to let the property until we have been issued with a current
safety certificate covering Gas Safety (Installation and Use) Regulations 1998.
12. DATA PROTECTION: The Landlord acknowledges and agrees to Kings & Co as Agents storing
information relating to both the property and the Landlord on computer.
13
Termserms && Conditions oConditions of Businessf Business
T
FEES AND COMMISSIONS: Fees are due and payable immediately when a Tenant has entered into a
tenancy agreement with the Landlord it is agreed that Kings & Co will deduct such fees and commission
due from the rent monies collected. In the event of a local authority demanding repayment or part
repayment of housing benefit from Kings & Co and the housing benefit has been passed to the Landlord,
then Kings & Co will require repayment of this money on demand.
1. 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. Please also notify date of occupancy. In addition if the Tenant is claiming
housing benefit the insurer must be aware of this fact.
2. 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 unless a valid exemption certificate is obtained from the Inland Revenue and lodged with
Kings & Co.
3. MORTGAGE: Where the property is subject to a mortgage, the permission of the Lender will
normally be required. It is the duty of the Landlord to seek such permission, and Kings & Co cannot
be held liable for any resultant outcome of failure of the Landlord to seek said permission.
4. DEPOSITS: Kings & Co who will act as Stakeholder’s hold Deposits taken from Tenants.
Deductions can only be made from the deposit once a claim against that Kings & Co has
substantiated and valid receipts have been obtained (where appropriate). Disputes arising as a
result of a claim against deposit money held are subject to the arbitration as outlined in this
agreement and within the terms of the tenancy deposit protection scheme.
5. BANK DETAILS: Clients money (both deposit and rent) are held in “Client Account” and “Deposit
Account” accordingly. No interest will be paid on money held within these accounts whether the
account is interest bearing or not.
6. CANCELLATION CHARGE: If the agreement is cancelled during the period of tenancy, with a Tenant
in occupation, then either three months notice is given or a fee of one calendar months rental
charged at the time. If the Landlord instructed on Full Management then changes to Let Only,
before the tenant moves in, Kings & Co reserves the right to charge the normal two weeks rent
subject to a minimum fee of £250.00 inc VAT
7. PERSONAL INTEREST: If our Principal, Employees or Associates has, or intends to have, a personal
interest in the letting, disposal or the acquisition of the property this will be disclosed to you either
now or on discovery. If you become aware of any such interest, it is vitally important that you
inform us to ensure that there is no contravention of the Estate Agency Act 1979.
8. LIABILITY: Kings & Co does not accept liability for any damage that may be caused to your property
while they act as Letting Agents by any party unless as a direct consequence of a breach of duty or
omission by Kings & Co. It is your direct responsibility to ensure that the property is fully secure,
particularly if left vacant and you should inform your house/contents insurers in writing if the
property is left vacant. All services should be turned off at the mains and all water/heating system
drained down.
9. INTRODUCTION: Kings & Co will be deemed to have introduced a tenant. Should these instructions
be terminated and the property subsequently let or sold by the Landlord within a period of 12
months to a tenant/purchaser previously introduced by Kings & Co then commission at the
appropriate rate will be payable in full.
10. NOTICE PERIODS: It is required that the Landlord gives 2 months notice of intention to end the
Assured Tenancy Agreement from a rent date, by way of Section 21 Notice
11. LEGAL REQUIREMENTS: It is illegal to let the property until we have been issued with a current
safety certificate covering Gas Safety (Installation and Use) Regulations 1998.
12. DATA PROTECTION: The Landlord acknowledges and agrees to Kings & Co as Agents storing
information relating to both the property and the Landlord on computer.
13
