Guaranteed Rental Income Offer

Terms and Conditions

1. The Guaranteed Rental Income offer is only available on properties purchased through Murcia Villas Property Sales
2. Murcia Villas has the exclusive right to let the property for holiday or long term lets for the first 12 months after completion and no other agent will be involved.
3. Murcia Villas has exclusive use of the property for holiday lets in the first 12 months during the high and mid-season (March to October).
4. By taking up the offer, the purchaser will enter into a legally binding contract with Murcia Villas to act as managing and letting agents for the property at the time of purchase. The contract is for a period of 12 months from the date the property is ready for letting.
5. The property purchaser will ensure that the property is fully furnished and prepared for letting. If it is not, Murcia Villas has the right to prepare the property and charge the owner for any goods and services required.
6. Owners can choose to receive their guaranteed minimum rental income at the end of each month or on a quarterly basis.
7. If the rental income exceeds the guaranteed income within the period of the agreement, the additional income will be paid to the owners monthly in arrears after deducting Murcia Villa’s standard letting commission of 25%.
8. Owners can use their property during the first 12 months provided there are no prior bookings on the property.
9. Owners can “buy back” high and mid-season weeks for themselves or family or friends at 75% of the market rate if the property is not already let.
10. During the first 12 months, owners can book the property, subject to its availability, by fax or email to Murcia Villas 90 days in advance of the date of arrival and Murcia Villas will confirm availability.
11. The Guaranteed Rental Income offer is for a limited period only, 1 May – 31 October 2005. To qualify, purchasers must have paid the deposit on the property and signed the purchase and letting agreements with Murcia Villas Property by 31^st October 2005.
12. The Guaranteed Rental Income offer is for 12 months starting from the date that the property is prepared and ready to let.
13. The offer is only available on the developments selected as part of the scheme. Qualifying properties are listed on the attached sheet and on the website, www.murciavillas.com.
14. Properties sold prior to 1 May 2005, re-sales, or properties purchased through another agent do not form part of this offer.
15. Murcia Villas Property standard management charges and letting commission will apply at the end of the 12 month offer.
16. Murcia Villas Property reserves the right to charge for letting and property management services should the purchaser lapse or renege on the agreement lapse or be broken by the purchaser.