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SCHEDULE OF MANAGEMENT SERVICE PROGRAMME SUMMARY

McPeake Auctioneers provide a comprehensive Management Service to clients with a view to alleviating the client of the burden of all that management entails. The package has been specially designed for landlords living abroad as well as those living in Ireland.

Our function is two-fold:- firstly, on behalf of the Lessor, to ensure that the tenant is complying with the terms of the lease and secondly, to identify problems which may arise and to ascertain where responsibility lies.

1. Eight weekly inspections.
2. Repairs & service requirements are channelled through our offices..
3. A tenant must report details of any matter requiring attention (directly to us).
4. Should any repairs be necessary, which are proven not to be the responsibility of the tenant, the required cost is deducted from the rent and the balance lodged to whomever the client authorises. Immediate action is taken on late payment of rent. Quarterly Statements of Account are issued to the client.
5. We hold a set of keys in the event of an emergency.
6. On the expiration of a Tenancy we check the Inventory of contents and ensure that all services are transferred. However, it is recommended that our client arranges for appliances to be checked thoroughly to ensure that they are in working order.
7. Should a Lessor require other services such as payment of Insurance Premiums, Service Charges in respect of apartments, etc., we can arrange these accordingly.

The cost of these services to the client, in line with the recommendation of the Institute of Professional Auctioneers and Valuers, is 10% of the monthly rent plus VAT @ 21%.

Please note that under the 1992 Finance Act you should declare this letting to your Accountant/Tax Inspector. All Estate/Letting Agents are obliged to give details of all lettings to the Inspector of Taxes.

Assuring you of a full and personal service at all times.

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MC PEAKE AUCTIONEERS