Upon acquisition the property needs to be managed and this section tells you what is involved.

Our responsibilities to the client
We will:

• Invoice rent
• Collect rent (other than by legal action)
• Insure the property
• Where appropriate, obtain reimbursement of the cost of insurance from the tenant
• Account for VAT and deal with all VAT records when appropriate
• Arrange for the repayment of any loans charged on the property

Not covered are:

• Any costs incurred in taking action to recover rent
• Legal advice in connection with any other tenancy issues or relating to the property itself
• Physical inspections
• Anything not referred to in our responsibilities

The investor must accept ultimate responsibility for getting the best out of the property pension investment by diarising rent reviews, termination dates, break dates and the like.  As a backup, we will use reasonable endeavours to keep the important dates under review and wherever possible send reminders about action that is needed. The investor should also periodically keep an eye on the property and report its condition to us.