TERMS AND CONDITIONS  

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INTRODUCTION

To protect the consumer the Estate Act 1979 introduced various statutory requirements governing the terms on which Agents are instructed.Subsequent amendments by statutory instruments require us to set out our terms of engagement below and you should sign this agreement in acknowledgement of your instructions to us.

SOLE AGENCY

You will be liable to pay renumeration to us, in addition to any other costs or charges agreed, if at anytime unconditional contracts for the sale of the property are exchanged or shares sold with a purchaser introduced by us during the period of our Sole Agency or with whom we had negotiations about the property or shares during that period; or with a purchaser introduced by another Agent or third party during that period.

ADVERTISING

Authorisation is hereby given to the Agents for preparing appropriate advertising copy, providing same relevant publications, co-ordinating placement of advertising, checking printed copy and liasing with publishers, online advertising and property exhibitions.

WITHDRAWAL OF INSTRUCTIONS

In the event of your instructions being withdrawn in circumstances other than those where the Agent is entitled to commission, the Agent will be entitled to recover £200.00 plus V.A.T which will become payable within seven days of receipt of our account.  Any expenses in the de-registering of the company or expenses to be included in the commission will become payable. Should payment not be received within fourteen days of invoicing, interest will be charged at 2% per calendar month from date of invoice.

PAYMENT

The commission,additional charges and V.A.T as stated will become due on unconditional exchange or issue of shares for the sale of the property.  The seller hereby confirms the legal representative acting on the sale will be authorised to pay fees due to the Agent on the proceeds of the sale when completed.  If any payment is outstanding fourteen days after the invoicing or completion, whichever is the later, the Agency reserves the right to have interest added at the 2% per calendar month from the date of the invoice.

TERMINATION

This agreement will continue until completion of the sale of all quarter shares, unless terminated by either party, giving fourteen days written notice to the other party, in which event your attention is drawn to the terms ‘Sole Agency’ and for payment on ‘Withdrawal’ as set out above.

SERVICES TO PURCHASERS

This contract authorises the Agency to provide agency services,and we intend to offer financial services through our association with Homebank to any purchaser or prospective purchaser and to retain any commission on fees so earned.

PROPERTY MISDECRIPTIONS ACT 1991

The Property Misdecriptions Act requires agents to ensure that sales particulars are true and accurate.  If any information relating to the sales particulars change in the future, any amendments will be subject to confirmation in writing.

INTERIM ACCOUNTS

The Agency reserves the right to submit interim accounts in respect of additional charges incurred at any time during the term of this agreement.Such invoices will be payable within fourteen days and the Agency reserves the right to charge interest at 2% per calendar month.

DISCLOSURE OF INTEREST

The seller(s) hereby confirm that he/she/they/is/are not related to any partner or employee of Fractional Freehold.