1. Collection of rent and /or any items to be collected.

2. General supervision of tenancies.

3. Payment of outgoings i.e. water rates, insurance, repairs etc.

4. Employment of builders to carry out repairs for which the Client is responsible up to a cost of £100.00. We only give instructions without referring to owner for such items as we consider to be essential and/or required under the Health Act Regulations.

5. Keeping of accounts and submission of a statement quarterly.

Payment of all outgoings is subject to the owner's account being in credit.

Unless otherwise agreed, it will be a condition of our management that the insurance of the property and the contents, if appropriate, is through our Agency, including full property owner's liability to include Public Occupiers Liability.

Additonal fees are payable for carrying out work on the instructions of the client including rent review negotiations and lease renewals, preparing schedules of dilapidations (where the cost is not recoverable from the lessee), rating appeals, instructing Solicitors to issue proceedings for arrears of rent, possession etc. including attendance at Courts and other tribunals, preparation of statements for assessment of income tax, insurance review and termination of management where 3 months notice not given.

Full details of the above fees are available on application - please telephone 020-8673 5212

All fees quoted are exclusive of VAT at the prevailing rate. The above fees are given here as a guide only and prospective clients should contact us for our latest Conditions of Management.

INTEREST

Details regarding payment of interest on money held on deposit are given in our Conditions of Management available on application -
please telephone 020-8673 5212

OVERSEAS CLIENTS

Under the provisions of the Finance Acts, with effect from the 6th April 1996, unless and until specific action is taken by landlords and agreed by the Financial Intermediaries and Claims Office of the Inland Revenue, we will be obliged to submit a return and pay tax on the net assessable rental income to the Inland Revenue within 30 days of the end of each three month quarter. The quarter dates are the last day of June, September, December and March, which coincide approximately with our quarterly dates. This will happen unless we receive notification from the Inland Revenue that we do not have to make a tax deduction from your income. In order to obtain this clearance, you have to take the following action:

In order to obtain the Inland Revenue's agreement that you can receive income from property without deduction of tax, you must complete form NRL1 and send it to the Inland Revenue Financial Intermediaries and Claims Office at bootle, whose address is shown on the back page of the form. If you wish we can supply you with a photocopy of Inland Revenue leaflet number 1R140 relating to the obligation of non resident landlords, their agents and tenants, which may help you to understand the situation.

If you intend to apply to receive rental income with no tax deducted, it would be appreciated if you could let us have a copy of your application form for our records and we can also then chase up the appropriate department, if they have not responded by the time we deal with the first quarter's rents.

TERMINATION OF MANAGEMENT

One quarter's notice of termination on either side is required except on the case where we sell the property on behalf of the owner.