Let and Rent Accounting

To provide all the services as listed in Let Only above.

To collect the rent from the Tenant in advance, as per the terms of the tenancy agreement.

To withhold sufficient rental income to cover the Agents' fees and any other costs.

To account to the Client on a monthly basis within twenty one days of receipt of confirmed payments, giving details of all income and expenditure, and to transfer any credit balance into the Client's nominated account.

If the Client is non-UK resident for tax purposes and has not opted for self-assessment with the Inland Revenue, to withhold an appropriate percentage of net rental income for income tax purposes.

To exercise appropriate action to ensure that the Tenant complies with the terms of the tenancy agreement relating to the payment of rent and the deposit, and to instruct a solicitor to take legal action, if appropriate, having obtained the Client's authorisation.

To negotiate extensions and renewals of existing tenancies and to ensure they are supported by the necessary paperwork.

To check-out the Tenant at the end of the tenancy, and to deal with any dilapidations.

To reconcile and prepare a final closing rent account at the end of the tenancy.

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