Where rent remains unpaid for the period stipulated in the lease or tenancy agreement Homes & Watson Partnership Ltd will send reminders to ensure prompt payment.

If rent remains unpaid for a further period of five business days after the date of such reminder, or if a cheque is subsequently not honoured, unless there are extenuating circumstances, Homes & Watson Partnership Ltd will take appropriate action to recover the arrears including, if necessary, referring the matter to the Client's solicitors.

If, after a further period of five business days, the rent continues to remain unpaid, Homes & Watson Partnership Ltd may instruct the Client's Solicitors to take such legal proceedings on behalf of the Client as may be appropriate in the circumstances. Copies of all such instructions will be made available to the owner.

Legal fees and costs so incurred are payable by the Client where it is not possible for these to be recovered from the tenant concerned.

Income Receipts
All rent and other receipts received on behalf of the Client will, after deducting any agreed amounts, be transferred to the owner monthly unless otherwise agreed.

Disbursements
Homes & Watson Partnership Ltd will supervise the payment of disbursements relating to the properties and, depending on the nature of the expenditure, will arrange settlement of invoices as agreed with the Client by one of two methods:

• Withholding funds from rents and service charges received, or
• Direct funding to Homes & Watson Partnership Ltd upon written request of the Owner.