Bristol introductory offer agreement schedule

Who can claim

This offer is for the first five qualifying properties accepted from new Bristol short stay management clients by 20 December 2026. One property per beneficial owner or connected ownership group. Existing UpgradedPM clients, properties previously managed by UpgradedPM and repeat claims through renamed companies, relisting, ownership transfers or restarting are excluded.

Your agreement

The offer applies only where the written quote and signed management agreement identify offer reference bristol-first-month-20261106-v1 and the eligible property. The management term is 12 months, with 14% percentage commission plus VAT and a £30 monthly charge plus VAT. The first paid stay must begin within 90 days of the signed appointment. We confirm property suitability, permissions, readiness and handover before accepting the appointment.

The commission free period

The waiver covers 30 consecutive calendar dates starting on the date the first paying guest checks in under our management, using UK local dates. It is not a calendar billing month or a number of bookings. The first arrival date is day one. We confirm the start and end dates in writing. Empty nights, owner use, cancellations and interrupted availability do not pause, extend or restart the period.

Which income qualifies

We waive only percentage management commission on Commissionable Revenue, meaning accommodation income actually received or credited after provider deductions and refunds under the management agreement, for nights within those 30 dates. Where a stay crosses the boundary, income and commission are apportioned by the accommodation charge for each night, or equally by night if the booking has only a total accommodation charge. Refunds and adjustments follow the same allocation. Deposits, cleaning, linen, platform fees, taxes and separately charged services are not accommodation income for this waiver.

Charges that continue

The £30 monthly charge plus VAT continues throughout. Cleaning, linen, maintenance, compliance work, booking platform charges and other separately agreed costs remain payable where applicable. The waiver does not pay outgoing agent fees or notice costs. We do not increase other charges to recover the waived commission. After the period, the agreed 14% commission plus VAT applies normally.

One introductory offer

The waiver is applied automatically to the eligible property’s owner statements. It has no cash alternative, unused balance, rollover or transfer and cannot be combined with another introductory discount or referral incentive. Making an enquiry does not reserve a place or appoint us. If the five places have been allocated, we tell you before any agreement is signed.

Switching promise

One named contact coordinates the notice, record requests, access and an agreed changeover plan covering existing bookings, keys, cleaning and guest communications. The owner authorises notices and access and supplies the necessary documents. We identify booking and platform restrictions before agreeing the switch. We do not promise that third parties will release records, waive fees, transfer accounts or reviews, or maintain a particular income or occupancy. We will not ask you to cancel an existing booking just to claim this offer.

Cancellation and existing rights

The normal fair cancellation provisions and any applicable statutory cancellation rights continue. This offer adds no cancellation penalty and does not retrospectively withdraw a waiver already earned. It does not excuse unpaid agreed charges, misrepresentation or other genuine breaches of the management agreement.

How these terms fit

These offer terms form part of the management agreement only when the quote and agreement expressly include the offer reference and eligible property. They override a conflicting percentage commission charge solely for qualifying income in the 30 day period. The remainder of the management agreement is unchanged. The promoter is The Upgrade Authority Ltd, company number 13983241, Henleaze House Business Centre, 13 Harbury Road, Bristol BS9 4PN.

Acceptance

The owner confirms that the property and ownership group meet the eligibility conditions and accepts this schedule together with the management agreement. The Upgrade Authority Ltd confirms the qualifying place and agreed handover in writing.

Owner signature: ____________________ Date: __________

For The Upgrade Authority Ltd: ____________________ Date: __________