PHRASE

Standard Rental Terms & Conditions

Standard Rental Terms & Conditions

We are including a list of standard rental terms & conditions for you to know prior to committing yourself to an agreement. The main terms & conditions are the payment terms, the deposit and the commission.

Payment Terms

Rent is payable one (1) month in advance when the lease (rental) is for a long let (5 months & over). However the landlords at their own discretion may request rent is payable three (3) months in advance.

All costs for short term and Holiday rentals are payable in full and in advance.

All long and short term related payments are usually payable directly to the landlord. Payments can be made through the agents upon request.

Deposit

A deposit equivalent to one (1) month's rent is payable in advance to secure the property. The deposit may be utilised to cover any short comings from the part of the tenant. The landlord on the expiry of the lease and only after having inspected the property and once all pending bills have been paid and settled in full will the deposit be refunded.

Identification / References

Tenants are to provide a valid passport / or identity card on signing of the lease agreement. The landlord may request a reference from the tenants previous landlord and also from their employer.

Utilities / Cable Tv / Internet

Water & Electricity bills are payable by the tenant and are not included in the monthly rent, unless otherwise agreed with the landlord. The landlord may request a monthly payment on account to cover tenant's monthly consumption.

Cable TV / Internet are payable by the tenant directly to the service provider and are not included in the monthly rent.

Commission - Long Term Rentals

Equivalent to one (1) month's rent payable equally (50 / 50) by the landlord and the tenant.

Commission - Short Term Rentals

Equivalent to 10% of the total rent payable by both the landlord and the tenant.

Commission - Commercial Rentals

Equivalent to 10% of the first years rent payable by both the landlord and the tenant.

VAT Applicable

Equivalent to 7% on each monthly payment for the first 12 months of your stay for long term rentals. Applicable to the total rental cost of short term and holiday rentals.

Vat applicable on agents commission is equivalent to 18%.

Terms and conditions may change from time to time, therefore prior to signing any lease agreements, clients are kindly requested to confirm the above conditions with both the landlord and the agents.

Published: 01 July 2016