• Receive rent from Tenants and if not paid within 14 days demand such from the Tenant and advise you accordingly.
• Take all reasonable steps to demand the rent but we will not be responsible for issuing proceedings for the recovery of rent on your behalf. If legal action is required, you the Landlord will instruct a solicitor to act on your behalf and as Agent we will provide all relevant information regarding rent payments and arrears.
• Provide you with a statement of monthly rent received and deductions made and pay the balance to you as soon as practical after the funds have cleared. In normal circumstances, any balance will be paid within 10 working days of the day receipt.
If you are resident overseas we should have received a Notice from the Inland Revenue (FICO) confirming your entitlement to receive rent without tax deducted.
If no such exemption is available we must deduct income tax on rent received, less allowable expenses, and account to the Inland Revenue as required by current taxation rules. A quarterly charge will be made to cover additional administration costs incurred.
For the avoidance of doubt, it is confirmed between the parties to this contract that:
A) As agent we shall have no obligation or duties in respect of management of the property other than the processing of rent.
B) You the Landlord are responsible to ensure the timely renewal of the annual Gas Safety record and for providing the Tenant with a copy within 28 days of the date of the inspection.
Towards the end of the Tenancy Agreement you may instruct us to serve Notice to terminate the Agreement or an agreed fee to negotiate and extension and/or draw up the relevant documentation (see Scale of Fees & Charges).