Grantham Commercial Tender

include the staffing costs of Hilary Pearce and Clare Greenfield and an allowance for Brown & Co for administering wages etc., as well as time costs for Sarah Pettefar in overseeing the work of the Centre Management Team.

iii) An annual accounts fee of £1,000 to cover the reconciliation of the service charge account. Please note that this excludes any external audit costs.

iv) Rent Reviews ~ Where an uplift in rent is achieved, 7.5%of the revised annual rent, plus, where it is necessary to refer a rent review to an independent expert or arbitrator for determination, a fee based on hourly rates for the preparation of submissions and counter-submissions. Where no uplift is achieved, no percentage fee will be charged. v) Lease Renewals ~ Where no uplift in rent is achieved, 5% of the annual rent agreed. Where an uplift in rent is achieved, 7.5% of the revised annual rent agreed, plus where it is necessary to refer the matter to court for a resolution, a fee based on hourly rates for preparing the landlord’s case and proof of evidence. vi) Dilapidations ~ A fee based on hourly rates for preparing and serving interim and terminal schedules of dilapidation and negotiating settlement with the tenant (note: such fees are normally recoverable from the tenant). vii) Tenant’s Requests ~ A fee based on hourly rates for the time involved in dealing with tenant’s requests for alterations, assignments etc. (note: such fees are normally recoverable from the tenant).

(g)

Hourly Rates:

 Partners

£210

 Divisional/Associate Partners

£190

 Senior Associates

£170

 Associates

£135 - £150

 Professionals

£95 - £115

 Consultants

£165 - £210

A fee based on these hourly rates will apply to additional services (except where specifically agreed otherwise). (h) Nature of Agent's expenses and disbursements for which the Agent is to be reimbursed:

Office expenses, including stationery, postage and telephone are included in the above fee.

(i)

Interest on late payment of invoices.

Specified rate above bank's base rate:

4%

Specified bank:

HSBC Bank plc

Document Revision Date 140715