Guest or any third party that arise in relation to a Serviced Apartment, in any way in relation to the Reservation or the Clients or Guest’s or any third party’s use of the Serviced Apartment except to the extent that the loss or liability occurs due to the Agent’s negligence. 12 INSURANCE 12.1 The Property Partner shall as a minimum maintain the following insurance policy during the term of this Agreement with a reputable insurance company: Public liability insurance, to a minimum of £5 million (or equivalent), to cover injury and damage to third parties on their premises. The responsibility of insuring contents and building lies with the Property Partner. In both cases the insurer must be notified by the Property Partner that the premises will be let. [INSERT DETAILS OF INSURANCE POLICY REQUIRED] 12.2 The Property Partner will, on the Agent’s request, supply the Agent with evidence of such valid insurance cover. 13 DURATION AND TERMINATION This Agreement shall remain in force unless and until terminated by one party giving the other not less than [INSERT NUMBER] days prior written notice. 13.1 If the Property Partner terminates this Agreement, then such termination by the Property Partner will not affect any Reservations made prior to termination and the Property Partner shall, despite such termination, provide the Serviced Apartments in respect of all such Reservations in accordance with this Agreement providing that payment has been made for the Reservation. 13.2 The Agent shall be entitled to immediately terminate this Agreement and cease acting as an agent for the Property Partner at any time however the Agent shall only be entitled to terminate or cancel a Reservation made by written notice to the Property Partner if the Property Partner breaches any of the provisions of this Agreement and in such circumstances the Property Partner shall refund all Serviced Apartment Rates paid in relation to such Reservation. Any other cancellation of a Reservation shall be dealt with in accordance with the Property Partner’s Terms of Stay or as otherwise agreed between the parties. 13.3 The termination of this Agreement shall be without prejudice to any other right or remedy of either party in respect of the breach concerned (if any) or any other breach. Commission claim clauses post-termination for agents operating a commission claim model. Agents that deduct commission at source should delete these clauses.
Guest or any third party that arise in relation to a Serviced Apartment, in any way in relation to the Reservation or the Clients or Guest’s or any third party’s use of the Serviced Apartment except to the extent that the loss or liability occurs due to the Agent’s negligence. 12 INSURANCE 12.1 The Property Partner shall as a minimum maintain the following insurance policy during the term of this Agreement with a reputable insurance company: Public liability insurance, to a minimum of £5 million (or equivalent), to cover injury and damage to third parties on their premises. The responsibility of insuring contents and building lies with the Property Partner. In both cases the insurer must be notified by the Property Partner that the premises will be let. [INSERT DETAILS OF INSURANCE POLICY REQUIRED] 12.2 The Property Partner will, on the Agent’s request, supply the Agent with evidence of such valid insurance cover. 13 DURATION AND TERMINATION This Agreement shall remain in force unless and until terminated by one party giving the other not less than [INSERT NUMBER] days prior written notice. 13.1 If the Property Partner terminates this Agreement, then such termination by the Property Partner will not affect any Reservations made prior to termination and the Property Partner shall, despite such termination, provide the Serviced Apartments in respect of all such Reservations in accordance with this Agreement providing that payment has been made for the Reservation. 13.2 The Agent shall be entitled to immediately terminate this Agreement and cease acting as an agent for the Property Partner at any time however the Agent shall only be entitled to terminate or cancel a Reservation made by written notice to the Property Partner if the Property Partner breaches any of the provisions of this Agreement and in such circumstances the Property Partner shall refund all Serviced Apartment Rates paid in relation to such Reservation. Any other cancellation of a Reservation shall be dealt with in accordance with the Property Partner’s Terms of Stay or as otherwise agreed between the parties. 13.3 The termination of this Agreement shall be without prejudice to any other right or remedy of either party in respect of the breach concerned (if any) or any other breach. Commission claim clauses post-termination for agents operating a commission claim model. Agents that deduct commission at source should delete these clauses.
Recommended%20Agreement%20for%20Serviced%20Apartment%20sector%20-%20%20Ref%20Doc%20B.docx