Commercial Property Lettings Agency Terms and Conditions (Letting Only Service)
These Commercial Property Lettings Agency Terms and Conditions (Letting Only Service) are designed to be used by estate agents specialising in commercial property lettings. They set out the obligations of the Agency and the Owner and provide for the payment of commission to the Agency. The Terms and Conditions, together with the Commercial Property Lettings Agency Appointment Form (Letting Only Service), create a contract between the Agency and the Owner.
This version of the Terms and Conditions should be used where the Agency’s role is limited to marketing the property for rental. If the Agent is also to be responsible for managing the property, the “Letting & Management” version of the Terms and Conditions should be used instead.
The Terms and Conditions make reference to the Minimum Energy Efficiency Standards (MEES) which came into force on 1 April 2018.
Clause 1 contains definitions and in some cases refers to information contained in the Appointment Form.
Clause 2 covers the appointment of the Agent.
Clause 3 sets out the duties of the Agent. These include preparing particulars, arranging viewings and taking up references for potential tenants.
Clause 4 sets out the duties of the Owner. These include obtaining any consents that may be required from the Owner’s insurers, landlord or mortgage company.
Clause 5 deals with termination of the contract between the Agent and the Owner.
Clause 6 relates to renewal or continuation of the lease or licence to occupy. If the tenant remains in occupation after the expiry of the original lease, the Agent is entitled to receive additional commission (the “Renewal Commission”).
Clause 7 makes reference to the Agent’s complaints handling procedure. If the agent belongs to a redress scheme (which is good practice, but not compulsory, for commercial property agents) details can be included here.
Clauses 8 to 12 contain standard legal interpretation wording and provisions regarding the service of notices and VAT.
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
These Commercial Property Lettings Agency Terms and Conditions (Letting Only Service) are in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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