The Tenant Placement Agreement serves as the foundation for the professional relationship between letting agents and property owners in England and Wales. This document is essential when a landlord wishes to engage a letting agent's services to find suitable tenants for their property. The agreement details the scope of services, fee structures, and respective obligations while ensuring compliance with current legislation including the Tenant Fees Act 2019, Housing Acts, and data protection requirements. It provides clarity on the tenant finding process, marketing strategies, and the handling of necessary checks and documentation.
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1. Parties: Identification of the letting agent, landlord, and scope of services
2. Background: Context of the agreement and general purpose
3. Definitions: Key terms used throughout the agreement
4. Services: Detailed description of tenant finding and placement services
5. Fees: Fee structure and payment terms
6. Agent Obligations: Core responsibilities of the letting agent
7. Landlord Obligations: Core responsibilities of the landlord
8. Term and Termination: Duration and termination provisions
1. Additional Services: Optional extra services like inventory or rent collection - use when offering supplementary services beyond basic tenant placement
2. Marketing Strategy: Specific marketing approaches and channels - use when detailed marketing plans are required
3. Renewal Terms: Provisions for tenant renewals - use when offering ongoing services beyond initial placement
1. Schedule of Fees: Detailed breakdown of all fees and charges
2. Property Details: Specific information about the property being marketed
3. Marketing Specification: Detailed marketing plan and requirements
4. Required Documentation Checklist: List of necessary documents and certificates
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