MBL Estates Management Conditions.

• As your appointed agent we would seek to find suitable tenants to take occupation of the property as soon after the vacating date as possible, to be confirmed.
  
• We would quote a rental level that is realistic for your property, our philosophy really is based on the caliber of tenant being very much more important than the last £25.00 per calendar month.
  
• Reference checks and information regarding future tenants would be obtained and if necessary supplied.
  
• A list of the contents of the property and a declaration as to its condition would be supplied. We will be responsible for future checks regarding the inventory.
  
• MBL Estates would put in place a tenancy agreement known as an Assured Shorthold Tenancy of 12 months with a 6 month break clause operational for either party with 60 days written notice. Any necessary housing notices would also be supplied.
  
• We would be responsible for transferring all utilities into the names of future tenants and carrying out meter readings etc. We could pay closing accounts on your behalf if so instructed.
  
• Any future tenant experiencing a problem in the property i.e. mechanical breakdown, leakages etc. would report the problem to ourselves, we would then wherever possible seek your instruction as to what course of action to take, we do have very good, reliable trades people but please let us know if you would wish to nominate your own. In the event of an emergency we would act with best initiative utilising our own resources if your nominated tradesperson was not available.
  
• On a monthly basis you would be supplied with a statement clearly showing rent received and for what period with any applicable deductions i.e. our commission ( plus VAT) and any costs incurred with tradesmen.
  
• MBL Estates would collect a deposit at the time of the tenancy signing to safeguard against damage and breakage. New government legislation requires as from 6th April 2007 that this deposit bond be held by the agent under the TDS (Tenants Deposit Scheme) and is insured for the resolution of disputes between landlords, agents and tenants. MBL Estates will charge a fee of £20.00 to the landlord for each Assured Shorthold Tenancy agreement supplied.
  
• We would require details of your nominated Bank Account so that future rental payments can be paid in by an automated system, for your reference our company Bankers are Nat West, City of London office.
  
• It would be prudent for us to have on file contact telephone numbers of parents, family or friends who could be contacted in your absence if there was a genuine emergency.
  
• In the event of initial tenants giving notice we would automatically assume to re-let the property after notifying you of receiving any notice unless we were specifically instructed not to do so.
  
• We tend to build up relationships with most tenants occupying properties we are responsible for and as a result carry out regular maintenance and inspection reports.