Grantham Commercial Tender

Agreement

The Terms of Engagement as herewith shall apply to this Agreement between the under mentioned parties, relating to the estate management services to be provided, subject to the following, which also applies:

(a)

Date of this Agreement: 11 day of June 2015

(b)

The Client:

Name:

Assetco Investments Limited

Address:

44 Worship Street Broadgate London EC2A 2EA

Tel No:

020 7426 3700

E-mail:

admin@fazil.co.uk

(c)

The Agent:

Name(s): Sarah Pettefar

Brown & Co – Property and Business Consultants LLP

Address:

Brown & Co Granta Hall 6 Finkin Street

Grantham NG31 6QZ

Tel. No:

01476 514433

E-mail:

sarah.pettefar@brown-co.com

(d)

The Property, the subject of this Agreement and the Terms of Engagement:

Land and property known as The George Centre, High Street, Grantham, NG31 6LH

(e)

Authorised level(s) of expenditure until altered in writing:

The Agent will not authorise expenditure above £500 plus VAT.

(f) Basis of remuneration to apply to provision of the services set out in Appendix A:

i) 7.5% of all rent and other monies collected. This will cover the issuing of rent demands, arranging for collection of rent monies, dealing with day to day tenant enquires and general site matters.

ii) Service charge collection and budget management will be covered by a fee of £60,000 which will be included within the service charge budget, and which will

Document Revision Date 140715