Grantham Commercial Tender

To prepare estimates of future expenditure and administer the service charge, sinking funds and rent deposits.

To hold an agreed retention to cover anticipated expenses.

Subject to holding sufficient of the Client’s funds, to arrange payment of all contractors, suppliers and other disbursements, e.g. wages, PAYE National Insurance and redundancy payments.

Administration

To retain copies of all titles, searches and enquiries, letting documents, licences, rent review memoranda/awards and planning consents. To retain up to date records for every occupancy in terms of rents, fees, service charge accounts, arrears, insurances.

To take appropriate action in accordance with an agreed strategy in respect of:

Lease expires

Rent reviews

Options to terminate

Any other event which may appear in the terms of the documents.

To deal with tenant’s applications in respect of consent for alterations, change of use or other variations to the leases or consent for assignments or sub-lettings.

To retain copies of all management and maintenance records.

To retain copies of fire certificates, building regulation consents and planning consents.

To retain copies of measured surveys, building surveys and environmental audits.

Document Revision Date 140715