123let.com

Changing the world, one home at a time…


terms & conditions




This website is owned and managed by Final Eyes limited t/a www.123let.com. When you use this website, you must be aware of the following terms and conditions and observe them at all times:
  • The copyright to this website and all other intellectual property rights relating to it (including all text, graphics, code, files and links) belong to 123let.com.
  • You must not copy, transmit or store (in whole or in part) the content of this website without our written permission.
  • All registered trademarks of Final Eyes Limited and/or its subsidiary companies may not be used or copied without our written permission.
Due to the nature of the internet from time to time we may experience technical difficulties. As such, we cannot guarantee your access will always be error free and we cannot be held accountable for any disruption to our service.
The information provided on this website is for general interest only. It does not constitute specific advice and we do not accept any liability if you suffer any loss as a result of using this website or relying on any information provided on it.
While 123let.com tries to ensure that all material included on this website is correct, it cannot accept responsibility if this is not the case. 123let.com will not be responsible for any errors or omissions.
These terms of use and any claim based upon use of this website shall be governed by the laws of England and you agree to submit to the exclusive jurisdiction of the English courts. If you decide to disagree with these terms and conditions, please don't use the website. By using this website you are agreeing to be bound by these terms.

Copyright statement

All information and material featured on, and accessible from, this website is owned by Final Eyes limited and is protected by copyright, trademarks, database and other intellectual property rights. As such the following restrictions must be adhered to:

  • The downloading of material (including all text, graphics, code, files and links) for anything other than private use is strictly prohibited.
  • You may retrieve and display content from 123let.com on a computer screen, and store such content in electronic form on disk, however you must not display or store such content on any other storage device connected to a network.
  • You may print 123let.com content for your own personal use.
  • Printed content used for commercial purposes is prohibited.
  • You must keep intact all and any copyright and proprietary notices.
  • The reproduction, modification, republishing or distribution of any material (in whole or part) featured on the 123let.com website is strictly prohibited.













Terms & Conditions
OWNER / LANDLORD(S) MULTILET AGREEMENT
(Rent & Collection Service)

This Contract & Agreement for a “Rent & Collection” service is made between the Owner/s and or Landlord(s) of the property(s) as named at the end of this Contractual Agreement, hereinafter called "The Owner", and the Agency 123let.com named above acting as “Agent” for the Owner(s)/Landlord(s) and hereinafter called "The Agent". These Terms and Conditions shall apply whether or not they are signed or not, returned to us or not and are deemed/agreed to be accepted by You unless we are informed to the contrary in writing by You via “recorded delivery to our offices within 7 days of the date of this Contractual Agreement and in addition via email to: info@123let.com Revisions/amendments to this Contract may occur throughout the progressive lifetime of the Contract and or Tenancies for the purposes of legislation, finance etc. With additional properties added to your portfolio, You herby authorise all amendments to be made to this Legally Binding Contract which you hereby accept unconditionally by allowing the Rent & Collection service forthwith, Caveat Emptor is present and you have been warned. If you are in doubt or do not understand anything listed within this Contract/Agreement you are advised to refer this Contract with your legal representation prior to signing or proceeding to receive/take any rent monies supplied from Tenant(s) via us. Important verification notice: THESE TERMS AND CONDITIONS SHALL APPLY WHETHER THEY ARE SIGNED OR NOT AND RETURNED TO US OR NOT. THEY ARE DEEMED TO BE ACCEPTED BY YOU UNLESS WE ARE INFORMED TO THE CONTRARY IN WRITING BY YOU VIA RECORDED DELIVERY TO OUR OFFICES WITHIN 7 DAYS OF THE DATE OF THIS CONTRACTUAL AGREEMENT AND AGAIN VIA EMAIL TO: info@123let.com.


A. THE SERVICE

  • Providing a rental valuation of the property, offering advice as required at 1st point of letting service (Rent & Collection service - Not fully managed) Advertising, selecting Tenants, arranging/carrying out viewings, obtaining references, dealing with negotiations.

  • Preparing and signing as Agent for The Owner/Landlord/Representative a suitable Tenancy agreement (AST) or Periodic in accordance with current law. NO HMO permitted.

  • Preparing an inventory if required and schedule of condition at the charge shown overleaf.

  • Advising on and assisting in the transfer of utility service accounts.

  • Collecting and holding a security deposit in accordance with current legislation.

  • Receiving ongoing rental payments, remitting the balance of rental amount less any deduction applicable for H&S issues, Gas, plumbing repairs deemed as necessary by the Agent, 3rd party management charges, ground rent etc. to the Owner/Landlord.

  • Making payment of certain regular outgoings provided The Agent has agreed to do so separately and that sufficient funds are held in credit by paragraphs above.

  • Advising on and ensuring compliance with the Gas Safety (Installation and Use) Regulations 1998 regarding the inspection, maintenance, and keeping of records in respect of gas appliances in tenanted premises, The Owner/Landlord being ultimately responsible for ALL costs involved and final compliance.

  • Advising on and ensuring compliance with the Furniture and Furnishings (Fire) (Safety) Regulations 1988 (amended 1989, 1993 & 1996) regarding minimum fire retardant standards of specified items supplied during letting property, The Owner/Landlord being ultimately responsible for all costs involved and final compliance.

  • Recommendation only on compliance with the Electrical Equipment (Safety) Regulations 1994 and other relevant legislation regarding the condition and safety of electrical equipment and appliances in tenanted premises, The Owner being responsible for all costs involved whilst ratifying the Agent at all times.

  • Advising on and ensuring compliance with the Disability Discrimination Act 2005 regarding the property, The Owner/Landlord being responsible for all costs involved.

  • Advising on compliance with the Housing Health and Safety Rating System (HHSRS) regard to the property, The Owner/Landlord being responsible for all costs involved.

  • Arranging repairs, maintenance or replacements to the property or contents which come to or are brought to The Agent's notice and which The Agent considers necessary up to an estimated cost of £400 (or such other amount as shall be agreed in writing) for any one item or job, The Owner/Representative being responsible for all the costs involved. Where the estimated cost exceeds £400, notifying The Owner/Landlord or their nominated representative who will be responsible for arranging and paying for such work or replacement. In the event of no heating/no hot water, cooking or sanitation facilities, any H&S Issue as deemed urgent by the Agent due to failure of the Owners property, emergency repairs are automatically authorised by the Owner/Landlord/Representative to comply with the Housing Act.



AGREEMENT BY THE OWNER/LANDLORD

I/We the Owner/Landlord authorise 123let.com to arrange for any work/repairs which “123let.com consider to be of an urgent nature” (urgent being: no heating, no hot water, no sanitation, no cooking facilities, no electricity, floods, leaks, explosions, gas supported issues, fires, breakdown of washing facilities listed on the Inventory i.e. washing machine, all H&S occurrences including any potential life threatening issues to tenants, visitors, neighbours
to an amount equivalent to three (3) month’s rent) to be carried out with immediate effect without the need to contact the Owner/Landlord and to deduct all such expenses from the Rent monies collected. (where no such funds are held by 123let.com. the Owner / Landlord hereby agree to pay any invoices within 5 days of date of invoice or be deducted from rent monies received) 123let.com will endeavour to seek prior authorisation, wherever practical. The Owner / Landlord hereby acknowledge that 123let.com cannot accept responsibility to arrange for any work / repairs or regular inspections to be carried out in respect of unoccupied properties available for letting without prior funding having been agreed nor accept any responsibility for any remedial repairs undertaken by any 3rd party to the property. I.e. maintenance repairs, etc.

  • Taking initial action in the event of rent arrears or any other breach of condition of the agreement to remedy the situation. Where such arrears or breach persists, informing The Owner/Landlord or The Owner's/Landlords nominated representative in due course who will be responsible for taking any further action and meeting any / all costs involved.

  • Liaising with the Tenant, arranging automatic renewals of the Agreement & any Rent Guarantee product on behalf of the Landlord unless cancelled in writing by the Owner/landlord, checkouts, re-advertising and re-letting to new Tenants as appropriate to minimise any void period for the Owner/Landlord.

  • Office normal hours are 9.00am – 4.30pm Monday to Friday. Limited assisted out of hours’ contact is available within reason for Tenant emergency issues. Additional representation /call-out is chargeable to the Landlord at the discretion of the Directors as listed in section C (fees) alternatively the Owner / Landlord is advised to provide their own 24hr emergency cover via an insurance policy at their discretion.

Arbitration Should a dispute arise between the Landlords / Owner(s) and the Tenant, the Landlord / Owner hereby agree to let 123let.com act as arbitrators and agree to abide by their decision (This service is chargeable @£80.00 per hour. If the Owner/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 by the Landlord / Owner and lodged with 123let.com


B. NOTES AND GENERAL TERMS (conditions)

I/we the Owner/Landlord agree unconditionally to the Terms & Conditions laid out in this Contractual Agreement unconditionally with special notice to terms Sections B & C.

1. If a mortgage exists on the property, The Owner must obtain the lender's consent to let.

2. If the Owner/Landlord is a
leaseholder the terms of the lease must be checked, and any necessary consent obtained to let. Where the property or representation is associated with any 3rd party i.e. Accountant etc. the Owner / Landlord gives express permission that any/all decisions from that 3rd party is authorised and accepted on the Owners/Landlords behalf as instruction.

3. The Owner/Landlord must ensure that adequate cover exists under both
building and contents insurance and must inform the insurers that the property is to be let. The Landlord must provide copies of such insurance to the Agent. Additional representation /call-out is chargeable at the discretion of the directors as listed in section C (fees) alternatively the Owner / Landlord is advised to provide 24hr emergency cover via an insurance policy at their discretion.

3a. If the Owner Declines any “Rent Guarantee & Legal Expenses” cover via the Agent, then the Owner/Landlord accepts full unconditional responsibility for all / any costs incurred in recovering rent, legal costs and to undertake eviction process
at their own cost. All Rent Guarantee products will automatically renew without the need to contact the Owner/Landlord to prevent any void periods.

4. The Agent's Service
does not include supervision of the property whilst unoccupied although visits may be made by staff in the process of re-letting. This agreement is a “Rent & Collection Contract” and NOT fully managed arrangement.

5. The Owner
hereby agrees to ratify all lawful actions taken by The Agent under this Agreement whilst indemnifying the Agent always against costs and legal action etc.

6.
It is hereby agreed that this Contract automatically extends from a “Single Let Arrangement to that of a Multi-Let Arrangement / Agreement” (not a service agreement) where additional properties are assigned/added either verbally or in writing for ease of administration. This Contract is that of a “Rent & Collection” Service NOT a Fully Managed service operating as a continuous/progressive Contract from any / all existing Contracts with the Owner/Landlord(s) and the Agent. The Agent is permitted by the Owner/Landlord to deduct from rental money received all fees, commissions, charges, penalties, End of Life charges and fees, expenses payable or reimbursable to The Agent under the Terms of this Agreement (see also section C Fees) on this or any other property owned by the Owner / Landlord or Partnership etc. and that the AST/Periodic contract including all terms and definitions remains the property of the Agent and cannot be utilised by the Owner / Landlord or any third party associated at any time. In the event of plagiarism, the Owner / Landlord accept full responsibility and any recourse action from the Agent. Brief information including personal information, dates, fees etc from the AST can be advised to the Landlord however the remaining items within the AST are for the eyes of the Agent and the original copy of the AST remains with the Agent always for legal representation, actions, referencing etc.

7. The Agent does not accept responsibility for
frost or cold weather damage to water systems, sewage or drainage problems, electrical malfunctions or subsequent damage caused thereby at any time, failed workmanship by any 3rd party arranged or not arranged by the Agent and The Owner should therefore ensure that such risks are covered by insurance. It is recommended that adequate arrangements be made via a third party to protect water systems from cold weather and plumbing / sewage pipes etc to the mains provision from the local water board / council.

8. Where the Owner is resident in the UK
income tax on rental from property is entirely The Owner's responsibility. However, where The Owner is deemed to be resident overseas, unless exemption has been agreed, The Agent must deduct tax from rental received and forward the same to the Inland Revenue.

9. Whilst the Agent shall use their best commercial judgement in the selection of Tenants and the execution of their Service hereunder,
The Agent shall not under any circumstances be liable for non-payment of rent or any other outcome of the tenancy or for any legal costs resulting there from. Insurance policies are recommended to cover such risks available from the Agents Insurance carrier. If the Tenant leaves the property earlier than the expiry of the tenancy, the Landlord is still liable to pay the full tenancy period's commission to the Agent. Fees are due and payable within 7 days of a tenant entering a tenancy agreement with the Agent / Landlord. It is agreed that The Agent (123let.com) will deduct such fees and commission due from rent monies collected. In the event of a Local Authority demanding repayment whether in part or in full of housing benefit from The Agent (123let.com) and where the funds being demanded have been passed to the Landlord, then the Landlord / Owner / Association hereby acknowledge that the Landlord shall be responsible for refunding all monies to the Agent without any deductions whatsoever immediately. *If you the Owner/Landlord decide to Cancel this Agreement / Take Over Management directly or indirectly / Withdraw the service of Us the Agent/ Sell via Private Treaty or Auction of the said property(s) or assign it / them to any 3rd party or Agent – a Notice Period is required from you to Us as detailed in this Contract (item 10) (weather the original letting was arranged by the Agent “123let.com” or not, the original Tenants still remain in the property or not, whether it is during the Assured Shorthold Tenancy agreement or after (periodic tenancy) then all the while the Tenant(s) remain in the property an End of Life “fee” of Four (4) Months* Rent which will be applicable/payable to The Agent (123let.com) with immediate effect, this can also be deducted from any future Rent received if the tenants remain in the property, this is accepted unconditionally by the Owner/Landlord by/when receiving any rental income via123let.com by Bacs transfer thus formulating a Contract between the 2 parties – Landlord & Agent “123let.com” whether or not this Agreement is signed or notplease see notes 17 & 18. *In the event that the scope of the let / management / tenant locator service of the property(s) are removed from the Agent “123let.com” during mid-term of this contract then the Landlord / Owner will pay to the Agent 123let.com in addition to the ^Four (4) Month’s Rent previously stated, all/any outstanding commissions due plus all advertising costs immediately, a £300.00 discharge fee to enable the Agent to hand over any information & End of Life file to the new provider or back to the Owner/Landlord upon request forwarding his/her latest address for correspondence/delivery. The Owner/Landlord agrees to allow all fees / charges, funds to be deducted from current & future invoices payable from any current /future rental income received from all properties managed / let with immediate effect (see Fees and Mandatory charges at the end of this Contract and your obligations towards it). It is a Condition agreed in this Contract that any of “End of Life account” outstanding fees payable by the Owner/Landlord*/ & New Owner /Landlord* to the Agent can be either 1) Paid by the Owner/Landlord* & New Owner/Landlord* 2) be recovered by a debt recovery agency, 3) recovered by the HM Courts, 4) the debt be sold to a 3rd party by the Agent. For existing Contracts where the required “3months notice has not been satisfied/adhered too by the Owner/Landlord* including any New Owner/Landlord & under Terms of a Sale or Transfer of Ownership (sometimes referred to as assignment) arises” the fee* payable of 1(one) month’s rent deduction or amount payable from the Owner/Landlord*/ New Owner/landlord* will be automatically extended to the mandatory 4 month’s rent fee* stated above in Section (9 & C) when the Owner/Landlord* / New Owner/Landlord* fails to pay to the Agent any final invoice referred to as an “End of Life” statement/invoice within 7 days.

NOTICE PERIOD 10) This Contract / Agreement will remain in force until terminated by service of (3) three months’ notice in writing & by email (see notes 9, 17 & 18) by one party on the other if the full term of the current AST held against each property has been reached. For verification, the date notification is received at our offices at the address stated within this agreement via recorded delivery and via email to info@123let.com In the event of early termination of this Contract the Owner/Landlord or introduction of a NEW Owner/Landlord by means of a Sale or Transfer of Ownership, the existing Owner/Landlord or New Owner/Landlord will pay to the Agent a settlement of ^Four (4) Months’ Rent which will be applicable to The Agent (123let.com), this can/will be deducted from any current & future Rent received if the original Tenants remain in the property(s). ^Representing 3months mandatory service notice required plus the mandatory 1month “End of Life” discharge facility as stated earlier in sections 9 & 10. In this event The Agent may terminate this Agreement forthwith and without service of notice in the event of any action or omission by The Owner or The Owner's representative, which frustrates the continued performance of The Agent's Service hereunder. This Contract agreed by You the Owner/Landlord shall automatically renew as a Progressive Rolling Contract and has no end date, i.e. non -exhaustive to avoid for replacement Contracts - fulfilling the remaining term time of the Tenancy(s) (Ast or Periodic) against each property current or additional properties unless terminated in writing by the Owner/Landlord within three (3)months of the “end date of the AST Contract”. This clause extends to any additional property(s) added to the Contract either verbally or in writing, i.e. single let to that of a multi-let agreement without the requirement of listing each individual property for ease of administration. In the event of Death / Bankruptcy / Insolvency of the Owner / Landlord / Consortium or any Sale of the properties managed by the Agent this contract will automatically become valid & binding with immediate effect with the new Owner of the estate / portfolio including any appointed Administrator / Trustee / Solicitor or member of the family / friends of the family with the notice period will remaining the same as agreed by the current Owner / Landlord. In the event of any such Death / Bankruptcy / Insolvency of the Owner / Landlord / Consortium or any Sale of the properties managed by the Agent, the Agent retains the right to receive full immediate payment for their services to date, all advertising costs current and work in progress and to deduct from any rental income received all outstanding costs / service charges to date of the event. All future amendments / revisions of this contract are deemed accepted, signed accordingly or not where sent via Royal Mail accepting our terms of business thereof and legally binding within the English Courts. Any sitting tenant’s will be allowed 1st refusal to continue to remain as tenants and Clients of the Agent alone and will be subject to any rent review from the Owner/Landlord/Agent.
11. Sale of Property/Transfer of Ownership/Repossession In the event of a Tenant or prospective tenant introduced by The Agent completing the purchase of the property at any time, a commission will be payable by The Owner to The Agent equivalent to one and one half percent (2.5%) of the selling price plus VAT. Should a sale be agreed with the tenant or any person or corporation associated with the tenant, whether before or after entering a tenancy agreement, we will be entitled to a commission on completion of the sale, which will be calculated at 2.5% of the purchase price to include any figure or fixtures and fittings. If the property should get repossessed or sold to a third party with or without the benefit of a tenant existing or introduced by us 123let.com, then the Landlord shall indemnify us against any costs, legal fees, fines & fees on the original / existing or any subsequent letting or in respect which may arise of any extension or renewal thereof. All outstanding commissions/charges for the remainder of the AST or Landlords Contract term will be payable/deductible immediately either from rent outstanding / received, deposit held or from Sale funds off the new owner. In the event the property is Sold or Auctioned whilst the Tenant(s) are still in residence via a managed scheme operated by the Agent (123let.com) then a commission will be payable by The Owner/Landlord/ Appointed Representative to The Agent equivalent to Two and one half percent (2.5%) of the selling price. OR At the discretion of the Agent the Owner/Landlord& & New Owner/Landlord* will pay to the Agent a settlement of ^Four (4) Months’ Rent will be applicable to The Agent (123let.com) which can/will be deducted from any future Rent received if the Tenants remain in the property. ^Representing 3months mandatory service notice required plus the mandatory 1month End of Life discharge facility as stated earlier in sections 9 & 10. The original Owner/Landlord must continue paying the fees for if the Tenant lives there. This applies even after the original tenancy term has ended, should the Tenant renew or extend with the new owner. If enforced the original owner/Landlord may be liable for such costs at the discretion of the Company Directors. Where the property is repossessed by a Lender I.e. Bank - then the Lender will repay or pay immediately all commissions due to the Agent for the term of the AST or contract term either from rent monies received or funds of the Sale/Repossession. We reserve the right to charge interest at 5% above the National Westminster Bank base rate on fees which are overdue more than seven (7) days. 11a. If You the Owner/Landlord(s) in this Contract with Us the Agent “123let.com” takes over/purchases additional properties though Purchase, lease or gifted etc. from another Owner/Landlord(s) with the Tenant(s) originally sourced/managed by the Agent 123let.com then You the New owner/Landlord(s) accepts unconditionally whilst/with the original/same Tenant(s) remaining in the property(s) and You do create your own management, self-management or 3rd party management of the additional properties then the required Notice Period of Three (3) months remains in place and is deemed acceptable and agreed and to be valid by You the New Owner/Landlord(s) to protect both the Tenant(s) and the investment incurred by the Agent 123let.com. This can occur when an existing Owner/landlord(s) who is under Contract with the Agent 123let.com adds new properties to their portfolio that were originally managed by the Agent 123let.com under the ownership of another Owner/Landlord(s) who was also under Contract with us the Agent 123let.com (sometimes this may be referred to as “Assignment” or “Assigned” in the property sale/transfer from One Owner/Landlord(s) to another who was under Contract or not. Important note: that exit charges / “End of Life” management fees of up to Four (4) months’ rent per property will have to be paid to the Agent 123let.com as damages etc. these fees are applicable in the event that the required Notice Period of Three (3) months is not achieved/completed even if those additional properties are listed in this Contract or not. In the event of any Death / Bankruptcy / Insolvency of the Owner / Landlord / Consortium or any Sale of the properties managed by the Agent by such an event this Contract will automatically become valid & binding with immediate effect with the New Owner/Landlord* of the estate / portfolio including any appointed Administrator / Trustee / Solicitor or member of the family / friends of the family with the notice period will remaining the same as agreed by the current Owner / Landlord (this is sometimes referred to assigned or assignment within the Sale*) In the event of any such Death / Bankruptcy / Insolvency of the Owner / Landlord / Consortium or any Sale of the properties managed by the Agent, the Agent retains the right to receive full immediate payment for their services to date, all advertising costs current and work in progress and to deduct from any rental income received all outstanding costs / service charges to date of the event. OR At the discretion of the Agent the Owner/Landlord will pay to the Agent a settlement of ^Four (4) Months’ Rent will be applicable to The Agent (123let.com) which can/will be deducted from any current/future Rent received if the Tenants remain in the property. ^Representing 3months mandatory service notice required plus the mandatory 1month “End of Life” discharge facility as stated earlier in sections 9 & 10. 12. Housing Benefit Tenants the Owner/Landlord acknowledge that should he/she accept a tenant in receipt of Housing Benefit the amount of rent paid by the council will depend on the tenants’ entitlement to benefit and the valuation placed on the property by the Council’s Rent Officer. I/We accept that the rent specified in this agreement is a target rent as is that specified on the Housing Benefit application form and the lease the tenant will sign. Should the Housing Benefit allowance fall below our expectations The Owner acknowledge that it is the responsibility of the tenant to make up the shortfall and that this may not be possible to collect. The Owner acknowledges that 123let.com have advised me with regards to obtaining a Pre- Tenancy Determination from a Rent Officer prior to the commencement of any tenancy. The owner understands that should he/she request the above-mentioned determination there may be a delay in the start of the tenancy and that the amount specified because of this valuation may not be reflected in the final rent allowance paid by the council. The Owner acknowledges that the rent is paid every four weeks after the initial first month’s payment. There will be a 6-8-week delay in receiving the rent (after the first month) until the claim has been fully actioned. In the event of any claw-back of housing benefit from the LHA then a claw-back of rent paid to the Landlord will be applicable. C. FEES (see also Customer acknowledgement – See pages (10, 11, 12 and 13) subsections 9, 10, 11, 17 of this Contractual agreement) 13. Arrangement Fee The initial (standard) sign on fee - per property is £475.00. The Letting Fee will be payable for each agreement granted to new tenants. 13(a) An Administration Fee - per property of £175.00 will be payable on each renewal of an existing agreement or entering a Periodic period 14. Management Commission Is equivalent to 14% of rental received or minimum fixed fee of £55.00 unless agreed different in writing by a Director of the Company. 15. Preparation of Inventor / Additional management work on behalf of the Landlord / End of Life / HM Court Preparation (office time) Charges for preparation of an inventory and schedule of condition / additional management work on behalf of the landlord are £80.00 per hour (including office time) plus travel expenses where applicable with a minimum charge of £80.00. The Agent will be pleased to provide an estimate for the property upon request. Any addition ongoing work relating to an “End of Life” account, HM Court Preparation etc. will be charged at the rate of £80.00 per hour. 16. Property Certificates & Keys it is the responsibility of the Owner/Landlord to supply all certification, keys, Alarm codes relating to the property as soon as possible to comply with the law. The landlord indemnifies the Agent for any fees, costs, fines etc for the failure to supply this if required later. 17. Appointment of another Agent / Removal of property from the letting market / Direct Self-Management of the property(s) Prior/during initial rental if this agreement is cancelled by you (the Owner/Landlord) within 7 days before an agreed occupancy or during mid-term of the rental agreement with no written notice provided from the Owner/Landlord to the Agent a compensation fee equivalent to Four (4) Months’ rent is payable. # for the purposes of clarification (Where the Landlord/Owner fails to return this Contract (signed or not signed) within the 7-day time frame you (Owner/Landlord) have deemed to have accepted and be legally bound by the terms & conditions within. The 1st month’s Rent received is retained on account as compensation for non-compliance of the terms of this Contract may be applicable later in the term time. An additional fee is payable of two (2) month’s rent as contractual compensation for removing the management of the tenancy mid-term with or without any notice period) A further 1 month’s rent payable to act as a discharge facility providing 4 months in total. Where this Contract is returned signed to the Agent this fee is reduced from Four (4) months to three (3) months at the discretion of the Directors. (We will seek these costs through our Solicitors or 3rd party if payment is not made) plus all advertising fees paid to date by 123let.com If another Agent is appointed to let the property jointly or not, or the property is removed from the letting market prior to rental, the Owner/Landlord will pay all additional costs including advertising indicated prior (see note 18 below). In the event the property is Sold or Auctioned whilst the Tenant(s) are still in residence via a managed scheme operated by the Agent (123let.com) then a commission will be payable by The Owner/Landlord/ Appointed Representative to The Agent equivalent to one and one-half percent (2.5%) of the selling price. So long as one of the original Tenants or licensees introduced by the Agent to the Owner/Landlord is still in the property, fees will be payable on-going, including on tenancy renewals. OR At the discretion of the Agent the Owner/Landlord will pay to the Agent a settlement of ^Four (4) Months’ Rent will be applicable to The Agent (123let.com) which can/will also be deducted from any future Rent received if the tenants remain in the property. ^Representing 3months mandatory service notice required plus the mandatory 1month “End of Life discharge facility as stated earlier in sections 9 & 10. 17 (a) *If You the Owner/Landlord* decide to Cancel this Agreement / Take Over Management directly or indirectly by You or someone else / Sell via Private Treaty or Auction of the said property(s) or assign it / them to any 3rd party or Agent (weather the original letting was arranged by the Agent “123let.com” or not, the original tenants still remain in the property or not, whether it is during the Assured Shorthold Tenancy agreement or after (periodic tenancy) then all the while the tenant(s) remain in the property an End of Life “fee” of Four (4) Months* Rent will be applicable/payable to The Agent (123let.com) with immediate effect from You, this can/will be deducted from any future Rent received if the Tenants remain in the property. This is accepted unconditionally by You, the Owner/Landlord by/when receiving any rental income via123let.com by Bacs transfer thus formulating a Contract between the 2 parties – Landlord & Agent 123let.com whether this Agreement is signed or notplease see notes 17 & 18. *In the event that the scope of the let / management / Tenant locator service of the property(s) are removed from the Agent 123let.com during mid-term of this contract then the Landlord / Owner will pay to the Agent 123let.com in addition to the ^Four (4) Month’s Rent previously stated, all/any outstanding commissions due plus all advertising costs immediately, a £300.00 discharge fee to enable the Agent to hand over any information & “End of Life” file to the new provider or back to the Owner/Landlord upon request forwarding his/her latest address for correspondence/delivery. The Landlord agrees to allow all fees / charges, funds to be deducted from future rent money received, security deposits, final invoices payable from any/future rental income received from all properties managed / let with immediate effect (see Fees and Mandatory charges at the end of this Contract and your obligations towards it). It is a “Condition agreed in this Contract by the Owner/Landlord” that any of “End of Life account” outstanding fees payable by the Owner/Landlord to the Agent can be either 1) Paid by the Owner/Landlord within 7 days, 2) Be recovered by a debt recovery agency, 3) Recovered by the HM Courts, 4) The debt be sold to a 3rd party by the Agent. For existing Contracts where the required/agreed “3months notice has not been satisfied/adhered too by the Owner/Landlord” the exit fee payable of 1 (one) month’s rent deduction or amount payable from the Landlord will be automatically extended to the mandatory standard rate of 4 month’s rent fee* stated above in Section (9 & C) where the Owner/Landlord fails to pay to the Agent any final invoice referred to as an “End of Life” statement/invoice within the timeframe of 7 days.

THESE TERMS AND CONDITIONS SHALL APPLY WHETHER THEY ARE SIGNED OR NOT AND RETURNED TO US, THEY ARE DEEMED TO BE ACCEPTED BY YOU UNLESS WE ARE INFORMED TO THE CONTRARY IN WRITING BY YOU VIA RECORDED DELIVERY TO OUR OFFICES WITHIN 7 DAYS OF THE DATE OF THIS CONTRACTUAL AGREEMENT AND VIA EMAIL TO: info@123let.com as rental activity/advertising/management costs will have commenced/been incurred. Special notice: Once any funds / monies have been paid by us to you relating to rent collected etc. / possible payment to you, deems you have entered a legally binding Contract as per these terms clearly laid out acknowledging all terms of notice required and compensation penalties/charges formulating a Contract between both you the Owner/Landlord and Us the Agent. 18. Transfer of letting scope to another Agent, Back to Landlord or Landlords Representative, Accountant etc. mid-term If You the Owner/Landlord* decide to take over management of the said property(s) or assign it / them to any 3rd party or Agent (and the original letting was arranged by the Agent (123let.com) and the original Tenants still remain in the property) whether it is during the Assured Shorthold Tenancy (AST) or after or Periodic agreement, all the while the Tenants remain, any failure to comply with your “Notice period of 3 months” then a “fee of Four (4) Months’ rent* is payable”. # for the purposes of clarification (Where the Landlord/Owner fails to return this Contract (signed or not signed) within the 7-day time frame you (Owner/Landlord) have deemed to have accepted and be legally bound by the terms & conditions within. The 1st month’s Rent received is retained on account as compensation for non-compliance of the terms of this Contract may be applicable later in the term time. An additional fee is payable of two (2) month’s rent as contractual compensation for removing the management of the tenancy mid-term with or without any notice period) A further 1 month’s rent payable to act as a discharge facility providing 4 months in total. Where this Contract is returned signed to the Agent this fee is reduced from Four (4) months to three (3) months at the discretion of the Directors. In the event the existing Tenant continues to pay rent direct to 123let.com following the movement of the management away from the Agent 123let.com by the Owner / Landlord, the Owner / Landlord will pay a fee at a ratio of 75% of the monthly rent for up to 6 months maximum following the 4 months-notice fee period payable by the Landlord forsaking all rights and benefits having moved the management away to him / herself or any 3rd party with funds held on account pending request. It is a “Condition agreed in this Contract by the Owner/Landlord” that any of “End of Life account” outstanding fees payable by the Owner/Landlord to the Agent can be either 1) Paid by the Owner/Landlord within 7 days, 2) Be recovered by a debt recovery agency, 3) Recovered by the HM Courts, 4) The debt be sold to a 3rd party by the Agent. For existing Contracts where the required/agreed “3months notice has not been satisfied/adhered too by the Owner/Landlord” the exit fee payable of 1 (one) month’s rent deduction or amount payable from the Landlord will be automatically extended to the mandatory standard rate of 4 month’s rent fee* stated above in Section (9 & C) where the Owner/Landlord fails to pay to the Agent any final invoice referred to as an “End of Life” statement/invoice within the timeframe of 7 days. If the scope of the let / management / tenant locator service of the property(s) are removed from the Agent during mid-term of this contract then You, the Owner/Landlord* will pay all outstanding commissions due, any End of Life exit fees, the Four (4) month’s Rent fee* stated in the above paragraphs plus all advertising costs immediately. An additional £300.00 discharge fee is payable to enable the Agent to enable an “End of life” exit arrangement (hand over any information, keys, arrangement of deposits etc. to the new provider/ back to Landlord or allow fees / funds to be deducted from final invoices payable from rental income received from all properties managed / let) It is a Condition agreed by You in this Contract by the Owner/Landlord* that any of “End of Life account” outstanding fees payable by the Owner/Landlord* to the Agent can be either 1) Paid by the Owner/Landlord within 7 days, 2) Be recovered by a debt recovery agency, 3) Recovered by the HM Courts, 4) The debt be sold to a 3rd party by the Agent. All cases 1,2,3&4 will also attract charges payable by You. For existing Contracts where the required/agreed “3months notice has not been satisfied/adhered too by the Owner/Landlord” the exit fee payable of 1 (one) month’s rent deduction or amount payable from the Landlord will be automatically extended to the mandatory standard rate of 4 month’s rent fee* stated above in Section (9 & C) where the Owner/Landlord* fails to pay to the Agent any final invoice in full referred to as an “End of Life” statement/invoice within 7 days.
THESE TERMS AND CONDITIONS SHALL APPLY WHETHER THEY ARE SIGNED OR NOT AND RETURNED TO US, THEY ARE DEEMED TO BE ACCEPTED BY YOU UNLESS WE ARE INFORMED TO THE CONTRARY IN WRITING BY YOU VIA RECORDED DELIVERY TO OUR OFFICES WITHIN 7 DAYS OF THE DATE OF THIS CONTRACTUAL AGREEMENT /NOTICE. N.b. Once any funds / monies have been paid by us to you relating to rent collected etc. you have deemed to have entered a legally binding contract a legal tenancy has now commenced as per these terms clearly laid out, whilst acknowledging and accepting all terms of notice required and compensation penalties/charges. So long as one of the original tenants or licensees introduced by the Agent to the Owner/Landlord is still in the property, fees will be payable on-going, including on tenancy renewals. 19. Deposit Registration (Governmental recognised deposit scheme) A cost of £50.00 will be paid by the Owner/Landlord each time a deposit is lodged / re-deposited on a new written AST agreement with the governmental scheme on behalf of the Tenant. In the event of a transfer of management of the properties managed, all Tenant security deposit monies shall remain with the Agent until the end termination date shown on the signed (AST) Assured Shorthold Tenancy Agreement, upon which it shall be returned to the original payee only within the required schedule timescale unless the Owner/Landlord can provide a current scheme membership for transfer. A security deposit can only be transferred to another Managing Agent / Owner / Landlord once the registered Owner has provided written confirmation together with a valid governmental scheme registration member number as the deposit legally belongs to the Tenant 20. Additional management/maintenance work on behalf of the Landlord Additional management work on behalf of the Owner / Landlord are charged at £80.00 per hour (including office time) plus travel expenses, accommodation etc. with a minimum charge of £80.00. Charges include additional advice / work attended to for viewings, costing, legal advice, preparation of an inventory and schedule of condition, site attendance, pre-paration for taking over of existing tenancies, referencing, arranging Insurance products, Guarantees, “End of Life” termination etc. The Owner / Landlord hereby acknowledge that 123let.com cannot accept responsibility to arrange for any work / repairs or regular inspections to be carried out in respect of unoccupied/occupied properties available for letting without prior funding having been agreed nor accept any responsibility for any remedial repairs undertaken by any 3rd party to the property. I.e. maintenance repairs, etc. So long as one of the original Tenants or Licensees introduced by the Agent to the Owner/Landlord is still in the property, fees will be payable on-going, including on tenancy renewals. After the business relationship has ended between the Owner/Landlord and the Agent in the event the existing Tenant(s) continues to pay rent direct to 123let.com following the movement of the management away from the Agent - 123let.com by the Owner / Landlord, the Owner / Landlord will pay to the Agent on a monthly basis a charge fee at a ratio of 75% of the monthly rent plus Vat for up to 6 months maximum forsaking all rights and benefits having moved the management away to him / herself or any 3rd party with funds held on account pending request. 20a. Agent legal representation on behalf of the Landlord in HM Courts Additional attendance in HM Court on behalf of the Owner / Landlord are charged at £160.00 per hour. Where VAT is charged by a 3rd party supplier i.e. Legal representation and Court attendance (including office time) plus travel expenses, accommodation, Contractor to site etc. a minimum charge of £192.00 is payable per hour. D CONTRACTUAL AGREEMENT DELARATION 21. “I / We” constitutes the Owner / Landlord* / Partners / Association etc. I/We* confirm that I/We* have read and understand this Agreement and hereby appoint The Agent to act on my/our* behalf in accordance with the Service, Notes & General Terms and all Fees /addendums as herein lay out hereby formulating a Contract. I/We* further confirm that I am/We are* the sole Owner/joint Owners* and named Landlord of the property and that all interested parties / lenders / mortgage providers are aware of the intention to let the property via the agent. 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 and a copy of an up to date statement of accounts (that shows there are no arrears on the mortgage) which I/We will produce to the letting agent (123let.com) upon taking up references of a prospective tenant. I/We* indemnify 123let.com and Final Eyes Limited against any /all litigation, Costs and Legal actions in relation to my/our letting of the property. I/We understand this Contractual progressive agreement does not require a signature by me/us but by accepting any monies paid from rent via the Agent constitutes a Legal Contract & Agreement between the parties. I /We accept this as a Sole Agency Contract / Agreement for the properties listed & any future properties to be added verbally or not, undertake not to share these with any other Agent or promote by us or any third party associated. I/we* are responsible for ensuring that the property has the correct Insurance, Landlords Gas, EPC, and all other certificates in place during the period of the rental and accept all charges of taxes from the HMRC. I/We hereby provide consent for the Agent to act on my/our behalf when dealing with any third party, lender or insurance company, Local Housing Association and Local government etc. So long as one(1) of the original Tenants or Licensees introduced by the Agent to the Owner/Landlord is still in the property, all fees, exit fees, End of Life fess etc. will be payable on-going, including on Tenancy renewals/ End of Life termination etc. OWNER (S) / LANDLORD / ASSOCIATION – listed on the last page of this agreement – signed or not

22. You the Owner/Landlord’s* Legal Requirements It is illegal to advertised/let the property until we have been issued with current safety certificates by You: a) Gas Safety (Installation & Use) Regulations 1994. The Owner accepts that gas appliances and installations must be checked and found to be safe by a Gas Safe registered engineer annually. I/We undertake to ensure that the above-mentioned property is inspected in accordance with the regulations annually. We require you to supply a copy of the Gas Safety Certificate on the property(s) to be let if we do not have one on file 5 days before any prospective tenant takes up residency then 123let.com will have the safety check carried out on your behalf and payment will be deducted from any rent due. b) 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 qualified contractor must issue a certificate initially and annually thereafter. In any event water escape is deemed to be occurring/occurred within the property and any potential water/electrical mix issue is at risk then 123let.com reserve the right to isolate and repair the issue as deemed a H&S Issue toward human life and classified as a fire risk (see landlord obligations and fess) If you require 123let.com to have any safety check carried out on your behalf, we will need the fee to be paid in advance.
c) Smoke Alarms & Co2 Monitors / Legionnaires Disease. I/We hereby acknowledge that smoke alarm units are installed/to be installed at a property on each floor, I/We shall be responsible for ensuring that they are fully functional and permitting testing of these units as prescribed under the HM amendment act 2015 before a new tenant moves into the above-mentioned property and at 6 monthly intervals. There will be one fitted on each level in the building. A Carbon Monoxide Alarm must be installed where a solid fuel supply is utilised in the property together with a recognised Fire Safety Assessment completed at every new Tenancy. I/We also accept that it is my/our responsibility to have conducted by an approved competent person the relevant checks for Legionella within the property. d) Furniture and Furnishings (Fire) (Safety) Regulations 1993. All soft furnishings in furnished or partially furnished properties must comply with fire resistance requirements, which 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. e) Rent Guarantee Policy. The Owner/Landlord(s)* are “offered a selection of Rent Guarantee & Legal Expenses products” at the time of signing this agreement & throughout their time with us the Agent, which if taken are automatically replicated/renewed on each anniversary of the property rental, expiry of each insurance product or new tenancy commencing unless informed different to us in writing within a 7-day notice period to help protect your interest in the property. 123let.com reserve the right to increase the policy schedule terms with a profit by the Agent. The Owner/Landlord will have an “interest” in the product administered by the Agent and will be served details of that product. Important note: These products do not cover the costs of the Agent for any “pre-court preparation work or Court attendance” when working on behalf of the Owner/Landlord* for any rent arrears and/or Eviction of Tenants cases. This time and costs will be charged later to the Owner/landlords* account or End of life exit fee for full settlement and payment. The Owner/Landlord* is under No obligation to take these products from the Agent and his his/her/their decision alone whilst remaining free to purchase a similar product elsewhere if so desired. f) 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. g) Energy Performance Certificate (EPC) Revised for April 2018 - The energy efficiency and environmental impact of your property will be rated on a scale from A-G (where A is the most efficient and G the least efficient). Current running costs for heating, hot water and lighting will also be shown on the certificate, together with a list of recommended energy saving improvements. Effective from April 2018 ALL rental properties MUST reach at least an “E” rating before granting a n to new or existing tenants. Unless there is an accepted exemption, Landlords face a penalty of up to £4000 for failure to meet the minimum efficiency requirement. If you require 123let.com to have the safety check carried out on your behalf, we will need the fee to be paid in advance or be deducted from 1st Invoice. All the regulations are subject to change and The Owner /Landlord accepts responsibility for ensuring that any amendments to both existing legislation and conditions made mandatory by new legislation is fully met. The Owner /Landlord accept that 123let.com have the right to have mandatory work and / or inspections undertaken at the property if The Owner /Landlord fail to comply with any act of legislation affecting my property. The Owner / Landlord hereby agree that this does not make 123let.com responsible for doing the work and agree to meet unconditionally all costs incurred ensuring the tenancy complies with legislation. h) Owner/Landlords’ Responsibilities
The Landlord should ensure that all rentals, hirer purchase instalments are paid for the whole term of the tenancy. i) The Landlord warrants that all necessary contents have been obtained prior to the letting of the property, from the Head Lesser, Mortgage etc., and hereby indemnities 123let.com accordingly. j) The Landlord must arrange for payment of the ground rent, service charges, and mortgage payments and insurance premiums and make certain that the property and contents are adequately insured and that the policy covers furnished lettings, as many households do not do so. 123let.com are not responsible for the payment of any ground rent on the Owner/Landlords behalf. k) The Landlord must check that the premises are insured against any damage suffered during any period when the property is vacant and advise the insurance company if the property is unoccupied for more than 28 days. 123let.com cannot accept liability for damage to the property from burst pipes, tanks or any damage arising from adverse weather conditions or any other weather during a letting or any vacant period. l) The Landlord must provide us with details of any other Managing Agents in case of emergency and notify them of our interest. The Owner/Landlord is solely responsible for any emergency out of normal hours call out costs (24hr assistance insurance is recommended to the Owner/landlord to avoid unforeseen costs) any additional out of normal hours work from the Agent is chargeable/payable by the Owner/Landlord* m) The Landlord agrees that in his / her absence to provide us with the name, address, and telephone number of his/her approved signatory with a copy of a Power of Attorney Agreement. n) The Landlord must pay for the gas, electric, water, sewage, council tax and telephone accounts up to the date of his/her vacation of the property and during any void periods between Tenancies. o) The Landlord should ensure that all furniture and furnishings in the property comply in all respects with the requirements of the Fire and Furnishings (fire safety) Regulations 1993, or any amendments thereof similar, or other regulations, which may replace such regulations and to indemnify 123let.com against all claims, costs, expenses, damages or fines that 123let.com may incur, either through above mentioned or issues with overpayment of rent, arising any breach thereof including any legal or other costs and expenses incurred in defending any claims, proceedings or prosecutions that may be brought. p) The Landlord is responsible for informing the Council Tax when the property is vacant and paying the Tax also when property is vacant. q) The Landlord must arrange for the post office to re-direct his/her mail. r) The Landlord should ensure that all appliances including central heating are checked and are serviced before the tenant occupies the property and it is advised that whenever possible, maintenance contracts are taken out. Operating Manuals and Guarantee Cards should be available. s) The Landlord should hand over the property in a good clean and tidy condition, including windows. Floor and window coverings must be present prior to the rental, as well as a copy of the Gas safety certificate and Epc being left in the property for the tenant, plus a copy of each supplied to the Agent. It remains the Landlords responsibility to obtain all legal documents required under the Housing Act. t) The Landlord warrants and undertakes that he/she is the owner of the freehold/leasehold interest in the property and in the case of joint ownership the signatures of the Agreement compromise all beneficial owners. u) The Landlord accepts all liabilities howsoever arising under the Defective Premiums @ 1972 in relation to the property of any part thereof. v) The Landlord will need to supply 3 sets of keys to us, 123let.com, at the start of the tenancy, 2 sets are given to the tenants and we will keep 1 set. Where appropriate at the commencement of the tenancy, the garden(s) relating to the property should be left tidy and in good condition. Furthermore, if the tenant is required to maintain the garden(s) the appropriate gardening equipment should be provided.

IMPORTANT – PLEASE DO NOT IGNORE

THESE TERMS AND CONDITIONS SHALL APPLY WHETHER THEY ARE SIGNED OR NOT AND RETURNED TO US or NOT, THEY ARE DEEMED TO BE ACCEPTED BY YOU UNLESS WE ARE INFORMED TO THE CONTRARY BY YOU IN WRITING BY YOU VIA RECORDED DELIVERY TO OUR OFFICES WITHIN 7 DAYS OF THE DATE OF THIS CONTRACTUAL AGREEMENT via post and email. In the event there is an existing Contract between the Landlord and the Agent, this non-VAT contract supersedes that Contract as an ongoing progressive arrangement. Each month’s rent is received the Contract continues without the vat element as the Agent cancelled VAT registration from close of business 24 January 2019. Any funds / monies paid by us and received by you relating to rent collected etc. denotes you have entered a legally binding contract accepting these Terms & Conditions clearly laid out acknowledging the required notice periods and compensation penalties/charges.

FOR RECORDED DELIVERY: THE ADDRESS IS AS STATED BELOW AND RECEIVED via ROYAL MAIL AS DATE / TIME STAMPED UPON ARRIVAL AT: 1017 Industrial Boulevard, Suite 16255, Louisville, Kentucky (KY) 40219 TEL: MOBILE UK: 01623 355012 / 07919 445 271 USA: 001502 961 9208
And
123LET.COM P O BOX 6990, MANSFIELD, NOTTINGHAMSHIRE NG19 9XA
IN ADDITION, MUST BE SENT ELECTRONICALLY TO: EMAIL: info@123let.com
C. Base FEES & Mandatory HM Charges payable by You the Owner/Landlord* We do not charge fees for no reason: All Agents have rising overheads including business staffing and office costs, insurance, professional fees etc. to be covered. What’s more, fees don’t just cover the work they do or have done for you; they also cover what they might have to do, like turning out on a holiday week-end, after-hours, outside normal working hours etc. to fix a leaking pipe, broken door lock or a blown fuse where your Tenants do not know how to maintain or fix temporarily so taking out additional 24/7 emergency support is strongly recommended to you the Owner/Landlord prior to signing this contract thus avoiding high call-out charges, maintenance bills etc. So long as one of the original Tenants or licensees introduced by the Agent to the Owner/Landlord is still in the property, fees will be payable on-going, including on tenancy renewals & after end of Contract obligations. The Letting/Administration Fee will be payable for each agreement granted to existing & new tenants.

  1. (a) Initial Letting Fee of £475.00 will be payable on each property added to the Contract.


(a1) An Administration Fee of £ 175.00 will be payable on each renewal of an existing agreement. (a2) “Right to Rent”: HM Legislation Act Home Office “Tenant Verification” for Landlord Endorsement £60.00 per Tenant residing at the property. (a3) Fire Assessment HM Legislation Act A approvedCompetent person” assessment of the property/installation of equipment £120.00 plus travel time. (a4) Legionnaires Assessment HM Legislation A approvedCompetent person” assessment of the property £120.00 plus travel time.

  1. (b) Management Commission

Is equivalent to 14% of rental money received per property or minimum fixed fee of £70.00 increasing annually by 4%.
(c) Preparation of Inventory / Additional management work on behalf of the Landlord
Charges for preparation of an inventory and schedule of condition / additional management work on behalf of the landlord are £96.00 per hour (including office time) with a minimum charge of £ 96.00. The Agent will be pleased to provide an estimate for the property upon request.
(d) Sale of Property
In the event of a Tenant or prospective Tenant introduced by The Agent completing the purchase of the property at any time, a Commission will be payable by The Owner to The Agent equivalent to Two and one half percent (2.5%) of the SOLD price. In the event the property is Sold or Auctioned whilst the Tenant(s) are still in residence via a managed scheme operated by the Agent (123let.com) then a commission will be payable by The Owner/Landlord/Appointed Representative to The Agent equivalent to one and one half percent of the SOLD price.

(d1) Any property SOLD OR TRANSFERRED to a New Owner/Landlord(s)*
(with the Tenants still in residence)

will attract the same Terms and Conditions of this Contract for the New Owner/Landlord* including Notice Periods (3 months +), End of Life fees etc. to protect the needs of the Agent & those Tenants 1st found, managed and located by the Agent within each property. These Terms & Conditions are sometimes referred to as “assignment or assigned” in the Sale of Property from one Owner/Landlord to a New Owner or Landlord. It is your responsibility to include the Terms & Conditions of this Contract & a copy of this Contract within any Sale information and completion. The Terms & Conditions of this Contract do migrate to the New Owner/Landlord “whilst the original Tenants arranged by the Agent remain in the property(s)” see item (e)


(e) Transfer of letting scope to another Agent, Take Back Management to You the Owner/Landlord or Landlords Representative, Accountant etc. mid-term (see also items 9, 10, 11)
If You the Owner/Landlord or New Owner/Landlord* decide to take over management of the said property(s) or assign it / them to any 3rd party or Agent (and the original letting was arranged by the Agent (123let.com) and the original Tenants still remain in the property) whether it is during the Assured Shorthold Tenancy (AST) or after or Periodic agreement, all the while the Tenants remain a fee of Four (4) Months’ rent is payable. # for the purposes of clarification (Where the Landlord/Owner fails to return this Contract (signed or not signed) within the 7-day time frame you (Owner/Landlord) have deemed to have accepted and be legally bound by the terms & conditions within. The 1st month’s Rent received is retained on account as compensation for non-compliance of the terms of this Contract may be applicable later in the term time. An additional fee is payable of two (2) month’s rent as contractual compensation for removing the management of the tenancy mid-term with or without any notice period) A further 1 month’s rent payable to act as a discharge facility providing 4 months in total. Where this Contract is returned signed to the Agent this fee is reduced from Four (4) months to three (3) months at the discretion of the Directors of the Agent. In the event the existing Tenant(s) continue to pay rent direct to 123let.com following the movement of the management away from the Agent 123let.com by the Owner / Landlord, the Owner / Landlord will pay a fee at a ratio of 75% of the monthly rent plus Vat for up to 6 months maximum following the 4 months’ notice fee period payable by the Landlord forsaking all rights and benefits having moved the management away to him / herself or any 3rd party with funds held on account pending request. If the scope of the let / management / tenant locator service of the property(s) are removed from the Agent during mid-term of this contract then the Owner/Landlord will pay all outstanding commissions due, the Four (4) month rent fee* stated in the above paragraphs plus all advertising costs immediately. An additional £300.00 discharge fee is payable to enable the Agent to hand over any information, keys, deposits etc. to the new provider/ back to Landlord or allow fees / funds to be deducted from final invoices payable from rental income received from all properties managed / let. It is a “Condition agreed in this Contract by the Owner/Landlord” that any of “End of Life account” outstanding fees payable by the Owner/Landlord to the Agent must be paid in full within 7 days and can be either 1) Paid by the Owner/Landlord within 7 days, 2) Be recovered by a debt recovery agency, 3) Recovered by the HM Courts, 4) The debt be sold to a 3rd party by the Agent. For existing Contracts where the required/agreed “3months notice has not been satisfied/adhered too by the Owner/Landlord” the exit fee payable of 1 (one) month’s rent deduction or amount payable from the Landlord will be automatically extended to the mandatory standard rate of 4 month’s rent fee* stated above in Section (9) where the Owner/Landlord fails to pay to the Agent any final invoice referred to as an “End of Life” statement/invoice within the timeframe of 7 days.

Contractual Agreement


I/we* confirm that I/we* have read & understand this Contract Agreement and hereby appoint The Agent to act on my/our* behalf in accordance with the Service, Notes & General Terms and all fees /addendums as herein lay out. I/we* further confirm that I am/we are* the sole owner/joint owners* and named Owner/Landlord(s)* of the property(s) and that all interested parties / lenders / mortgage providers are aware of the intention to let the property via the Agent. N.b. We accept unconditionally once any funds / monies have been paid by you the Agent to us the Owner/Landlord relating to rent collected etc. a legal tenancy has commenced and as such I/we have entered a legally binding Contract (signed or not) as per these terms stated in this Contract, acknowledging all terms of Notice period required and compensation penalties/charges. I/we* indemnify 123let.com and Final Eyes Limited against any /all litigation, costs, and legal actions in relation to my/our letting of the property. I/we* are responsible for ensuring that the property has the correct Insurance, Landlords Gas Safe, EPC and all other certificates in place during the period of the rental and accept all charges of taxes from the HMRC. I/we* hereby provide consent for the Agent to act on my/our behalf when dealing with any third party, lender, Local Government Agency, Police, Fire department or insurance company etc. The Agent reserves the right to amend this Contract periodically to remain compliant with all changes relating to the letting industry and legislation without the need for my/our signature approval or agreement. I/we agree to the statement below having read and understand it.

THESE TERMS AND CONDITIONS SHALL APPLY WHETHER THEY ARE SIGNED OR NOT AND RETURNED TO US VIA ROYAL MAIL & email. THEY ARE DEEMED TO BE ACCEPTED BY YOU UNLESS WE ARE INFORMED TO THE CONTRARY IN WRITING BY YOU VIA RECORDED DELIVERY ROYAL MAIL TO OUR OFFICES WITHIN 7 DAYS OF THE DATE OF THIS CONTRACTUAL AGREEMENT. Note: Once any funds / monies have been paid by us to you relating to rent collected etc. you have deemed to have entered a legally binding contract as per these terms clearly laid out acknowledging all terms of notice required and compensation penalties/charges. So long as one of the original tenants or licensees introduced by the Agent to the Owner/Landlord is still in the property, fees will be payable on-going, including on tenancy renewals.