PROPERTIES FOR SALE PROPERTIES TO RENT

Contractors Terms & Conditions

Working with Abbey Property as a contractor

It’s great to have you onboard as a contractor and we look forward to maintaining a long-term relationship with you going forward. Before we get started, it’s important that you understand how we work so that we can ensure we are a good fit for each other.

Admin Fee

Whilst you work with us, we will be providing you will regular work by adding you to our approved contractor list for all future work demands. We will handle your invoice, invoice submissions, the collection of the payments, keeping record of invoices outstanding and paid, producing a remittance advice and submitting the payment to your account soon after. As you can appreciate there is a significant amount of work involved from our side to facilitate this service and we charge a small 15% admin for this.

It’s a bit like having your own marketing department that finds you regular work, looks after the invoicing, keeps your books in order, and gets you paid at the end.

What is a remittance advice?

Click here to see what is a remittance advice: https://gocardless.com/guides/posts/what-is-remittance-advice/

Essentially, if you give us a single invoice or multiple invoices, these will be added to a remittance advice and any deductions will be clearly labelled therein. Furthermore, if need be, you will be able to show these to our accountant to clearly demonstrate any expenses incurred working with us as it will clearly show how much you invoiced us and the final figure you were paid.

When will I get paid?

We usually receive rent between the 1st-5th of each month. We will deduct your invoice from the rent before passing it onto the landlord.

You can expect to get paid around 5th-10th of each month.

It is very important to remember that we MUST have received your invoice before the start of a new month as we need to ensure we have added it to the system to be deducted from the rent.

Getting Started

Great, now that is out of the way, let’s get started.

© Copyright 2021 Abbey Property | Terms & Conditions | Privacy Policy | Contractor Terms & Conditions

Website by Cloud