Terms & Conditions – Morgan Ritchie Olympic Games Rentals

1. The Property

If you are not the Freehold owner of the property to be rented you must make certain that the intended furnished letting is permitted by your lease and that the furnished tenancy is for a period expiring prior to the termination of your lease.  lf the consent of a superior Landlord/Freeholder or mortgagee is required for a sub-letting; this must be obtained in advance. Morgan Ritchie will require documented proof of ownership of the property or permission to sub-let.

 2. The Agent

You authorise Morgan Ritchie to act as agents on your behalf for the marketing and letting of that property to any person or persons introduced by Morgan Ritchie. For this service Morgan Ritchie will receive a registration fee of £45.00 + VAT, this is deducted from the letting fee once the property is let. A fee of 10% + VAT of the total rent charged for the property will be charged. In return Morgan Ritchie will handle all marketing, collection of rent and administrative work related to the rental.

 3. Rent Remittance

Payment to Landlord will be made in form of 50% on handover of keys and 50% at the end of the tenancy.  Morgan Ritchie’s fees + VAT will be deducted before the final rent payment is made.

 4. Presentation of the Property

The property is to be presented professionally clean, pest free and very tidy and with all fixtures, fittings, linen and appliances in good condition/working order, fire resistant labels to furniture and with sufficient cupboard space available. Any additional requirements or alterations that have been agreed with you in advance of the letting as a condition of the letting must be adhered to. Any costs or refunds that Morgan Ritchie deems necessary in its sole discretion as a result of having to put right any defects affecting the smooth running of the tenancy will be deducted from rent payments.

 5. Indemnity

You agree to indemnify Morgan Ritchie against any liability, losses, claims or costs incurred as a result of your breach of these conditions or failure to honour a booking or adhere to the terms of the booking. You further agree to indemnify Morgan Ritchie against  any liability, losses, claims and costs whatsoever incurred as a result of the renting of the property in this contract.

6.  Inventories

Inventory clerks are not employed by us. We can suggest an independent inventory firm to act on your behalf on your accepting responsibility for all charges.  We cannot, however, accept liability for any error or omission on their part.

 7.  Insurances

You must make certain that your property and contents are adequately insured and that your policy covers furnished lettings.

 8. Solicitors

You will be informed of any of any breaches of covenant brought to our attention. However, if it is necessary for a Solicitor to take action, you will be responsible for instructing your own Lawyer and for all fees involved.

 9. Tax

If you are not a UKresident, you must inform Morgan Ritchie. The Commissioners for Inland Revenue will hold us responsible for the payment of any tax liability which arises on rents collected by us on behalf of non-UK residents. This income tax will be deducted at the base rate and held to your credit until the taxation liability has been agreed with the Inspector of Taxes.

 10. Damages.

You may wish us to hold a damage deposit; this must be agreed by both parties. Both parties must also agree on subsequent damage, lost or breakages which can then have the cost deducted from the amount.

 11. Gas Certificate

If you have a gas supply to the property it is mandatory to have an up to date gas certificate issued by at Corgi registered company.

 

 

Interpretation

(The Property) means
the residential premises of………………………………

 

(The Owner) means the
legal owner of ……………………………………………

 

(The Agent) means
Morgan Richie (Lettings).

 

 

Signature

On signing of this document I/We agree to the above Terms and Conditions as above.

(1)…………………………………………………

 

(2)…………………………………………………