Agents will be revised each year and may be increased. The Managing Agents will serve

Notice of any proposed increase on the Landlords by Recorded Delivery. The Landlords be deemed to have been accepted. In the event that the Landlords object as aforesaid and no agreement can be reached, either party will have the right to terminate this Agreement in terms of Clause TWENTY SEVEN hereof,

SEVEN In the event that any payment by the DSS is reclaimed, the Landlords will repay such payment forthwith;

EIGHT Except where otherwise stated, all sums due by the Landlords to the Managing Agents will be payable within seven days of demand. The Landlords hereby authorise the Managing Agents to deduct any sums due by the Landlords from any rent, the deposits or other sums held by the Managing Agents on behalf of the Landlords;

NINE The Landlords shall make all arrangements required for forwarding mail;

TEN The Landlords shall account to Inland Revenue for tax on the rents.

ELEVEN The Landlords confirm that:

(1) They have obtained consent to let the Properties from any mortgage holder of the Properties. Where the Managing Agents are required to provide information to any mortgage holder, the Landlords will pay to the Managing Agents a fee of £25 any charge levied by such mortgage holder;

(2) Each Property and contents thereof have been insured for their full value with a reputable insurance company and they undertake to (1) pay all insurance premiums required to keep the policy in force and (2) exhibit the relative policies to the Managing Agents if required;

(3) They will ensure that all accounts for services to each Property will be paid up to date at the date of commencement of the Lease;

(4) They will provide an accurate and up to date Inventory of the contents of each Property;

(5) The furnishings in all of the Properties meet the requirements of the Furniture and

Furnishings (Safety) Regulations;

(6) All gas installations in each Property have been or will be serviced and checked for safety by a registered expert, the relative Safety Certificate will be delivered to the Managing Agents within fourteen days of the date of signing of this Agreement by the Landlords, further servicing and safety checks will be carried out within one year of the date of the previous servicing and safety check and the relative Safety Certificate will be delivered to the Managing Agents immediately thereafter;

(7) The electrical installations and equipment in each Property are safe as at the date thereof and they understand that further safety checks should be carried out every year;

TWELVE The Managing Agents will inspect the Properties and provide advice on rental level, on furnishings and on any other pertinent matters. These inspections will be free of charge;

THIRTEEN The Managing Agents will take no steps to advertise or let a Property until the

Gas Safety Certificate referred to in Clause ELEVEN (6) is provided. If the said

Certificate is not provided within fourteen days or such other period as the Managing Agents deem reasonable this Agreement will terminate forthwith and the Landlords will pay to the Managing Agents a fee of £50. In the event that, during the period of a lease, the Landlords fail to provide a further annual Safety Certificate, the Managing Agents will be entitled to arrange the required inspection and obtain such Certificate on behalf of the Landlords but the Managing Agents will have no liability therefor which liability will remain at all times with the Landlords. The Landlords will pay to the Managing Agents a fee of, £100 plus VAT plus tradesmen's fees for obtaining such Certificate;