Common use of Invoicing Arrangements Clause in Contracts

Invoicing Arrangements. The Agent’s fees, in addition to the advertising, expenses, repair and maintenance costs or additional services undertaken will be deducted from the rental payments or security deposits received by the Agent. The balance of the rental payment will be paid to the Client less 10% retention to cover any maintenance, vacancy or any other expense in the normal management of a tenancy. The Agent will issue an invoice showing the payment received and all deductions made.

Invoicing Arrangements. The Agent’s fees, in addition to the advertising, expenses, repair and maintenance costs or additional services undertaken will be deducted from the rental payments or security deposits received by the Agent. The balance of the rental payment will be paid to the Client less 10% retention to cover any maintenance, vacancy or any other expense in the normal management of a tenancy. Payments will only be made to the Client by monthly bank Standing Order at a fixed amount for or about the balance of rental payment after the 10% retention. A regularising payment may be made annually. The Agent will issue an invoice showing the payment received and all deductions made.