Special Promotion Terms & Conditions: "6 Months Free Management" Offer

1. The Offer

• 1.1 Miller Rose offers a “6 Months Free Management” incentive (the “Incentive”) to new Landlords instructing Miller Rose on a Sole Agency basis.
• 1.2 The Incentive applies strictly to the Monthly Management Fee for the first six (6) consecutive months of the initial tenancy, commencing from the rent start date.
• 1.3 During this 6-month promotional period, the standard Monthly Management Fee will be discounted to 0%.

2. Standard Fees & Set-Up Costs

• 2.1 After the expiry of the 6-month promotional period, the Monthly Management Fee will revert automatically to our standard rate of 12.5% + VAT (total 15% inclusive of VAT) of the gross monthly rent collected for the remainder of the Agreement.
• 2.2 This Incentive excludes all initial set-up costs. The Landlord remains fully liable for standard upfront fees, including:
  • Landlord Set-Up / Letting Fee
  • Inventory and Check-in fees
• 2.3 All standard fees and setup costs will be deducted from the first month’s rent received or invoiced directly to the Landlord prior to tenancy commencement.

3. Minimum Commitment & Tie-In Period

• 3.1 In consideration for receiving the Incentive, the Landlord agrees to a Minimum Commitment Period of thirty-six (36) months (3 years) from the commencement date of the first tenancy agreement.
• 3.2 This 36-month tie-in applies to the property itself. Should the initial tenant vacate, the tie-in period remains active and applies to any subsequent tenancies secured by Miller Rose for the property during this timeframe.

4. Early Termination & Clawback Clause

• 4.1 Should the Landlord terminate this Management Agreement for any reason (other than material, uncured breach by the Agent) prior to the expiry of the 36-month Minimum Commitment Period, an Early Termination & Clawback Fee will become immediately payable.
• 4.2 The Early Termination & Clawback Fee will consist of:
  • The full repayment of the 6 months of waived management fees, calculated at the standard rate of 12.5% + VAT of the achieved monthly rent, PLUS
  • A standard contract termination fee equivalent to one month’s rent + VAT, or the remaining management fees due up to the 36-month mark (whichever is greater).

• 4.3 Any outstanding sums due under this clause will be deducted from any client monies held by Miller Rose or must be settled by the Landlord via bank transfer within 14 days of written termination notice.

5. General Eligibility

• 5.1 This offer cannot be used in conjunction with any other fee discounts, promotions, or bespoke commercial terms.
• 5.2 Miller Rose reserves the right to withdraw or amend this promotion at any time prior to a signed Management Agreement being executed.

Disclaimer: Please ensure your legal counsel or compliance body reviews these terms against UK consumer contract regulations before embedding them into your final agreements.