Property Management Agreement (Page 2 of 3) in pdf

Name of Insurance Company………………………………………………………………………...

Name of Factors…………………………………………….Tel No…………………………………..

Solicitors Details or Power of Attorney (if applicable)……………………………………….

……………………………………………………………………………………………………………….

ANY DEPOSIT HELD ON BEHALF OF THE TENANTS WILL BE SUBMITTED TO MY

DEPOSIT SCOTLAND WHO ARE THE GOVERNING BODY APPROVED.

TERMINATION

This agreement may be terminated by either party by way of three months’

written notice. A fee of £500 plus VAT will be payable where the Landlord intends

to continue letting to tenants introduced by the Agent after the termination of this

agreement.

The Landlord shall provide the Agent with any requirements for return and

possession of the property at the earliest opportunity. Landlords should be aware

that any tenancy agreement entered into on the Landlord’s behalf is a binding

legal agreement for the term agreed. Details of any tenancy agreement being

entered into will be communicated to the Landlord as soon as possible. Landlords

should be aware that the legal minimum notice period to tenants under a Short

Assured Tenancy is generally two months ( should the contact allow for early

termination) and this needs to be given even in the case of a fixed term tenancy

which is due to expire.

SOLE LETTING

It is agreed that only the Agent may let the Property. The Landlord will be liable to

pay remuneration to the Agent, in addition to any other costs or charges agreed, in

each of the following circumstances:-

If a tenant enters into an unconditional agreement to lease, buy or exchange

the Property within the initial period of two months during which the Agent has a

sole lettings rights agency, even if the tenant or purchaser was not found by the

Agent buy by another agent or by any person, including the Landlord.

If after the expiry of two months, an unconditional agreement to lease, buy

or exchange the Property was concluded to a person who was introduced to the

Landlord during that period or with whom the Agent had negotiations about the

Property during that period.

Remuneration payable in this situation is £500.00 (see ‘Termination’ paragraph

above)

Special Instructions……..........................................................................................

………………………………………………………………………………………………………………

DECLARATION

I/We hereby confirm my/our agreement to all terms and conditions laid down in

the Property Management Agreement.

SIGNED

Date

Hovepark Properties

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Property Management Agreement Page 2