Leasing and Letting

Question 1

Why do we carry out AML check?

Answer 1

To comply with regulations

Verify the identity of the parties involved.

Identify source of funds

To ensure that we do not assist with money laundering.

Question 2

What are the minimum requirements for marketing details?

Answer 2

Property description
Tenure
Terms
Planning use
EPC
Legal compliance
Photos
Contact details

Question 3

What are the EPC exemptions

Answer 3

building under 50m2
religious establishments
property due for development
agricultural budlings
commercial property will little or no energy use
listed buildings

Question 4

What are the principals for code for leasing business premises

Answer 4

Part 1 Introduction
Part 2 mandatory practices
Part 3 Negotiation practices for head of terms.
Part 4 Appendix (model heads of terms and checklist)

Key principals are how to carry out a fair and transparent transaction, disclosing all information.