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ITALY CHILTONS INTERNATIONAL ESTATE AGENTS
Terms and Conditions for Business of Sale
 

SOLE AGENCY AGEEMENT

Were Italy Chiltons International Estate Agents acts for you as Sole Agents. You will be liable to pay us commission, in addition to any other costs or charges agreed if at any time unconditional contracts for the sale of the property are exchanged with a purchaser introduced by us directly or indirectly or as result of any publicity generated by us during the period of our Sole Agency, or with whom we had negotiations about the property during that period, or with a purchaser introduced or re-introduced or offering via any other agent during that period.

A Sole Agency instruction can be terminated at any time by either party by giving two week notice in writing.

If after this notice period another agent is instructed our fees will automatically convert to our multiple agency commission rate as stated herein.

MULTIPLE AGENCY

For the purpose of this agreement a multiple agency is one where another agent or party in addition to us has been brought to our attention as having received instruction collaborate to sell the property. Were we are instructed along with other agents or parties you will be liable to pay us commission in addition to any other costs or charges agreed, if at any time unconditional contracts for the sale of the property are exchanged with a purchaser to whose attention we brought the availability of the property.

A Multiple Agency instruction can be terminated at any time by either party by giving two week notice in writing.

DISCLOSURE

In the event that an offer is agreed privately, or agreed through another agent it is a specific requirement of our agreement with you that you advise us with the name of the purchasers in order that we may be certain prior to exchange of contracts that the purchasers have not been introduced to you through this firm. The intention behind this requirement is to attempt to avoid the need for future costly litigation and bad will, not least of all because vendors have been required by the courts to pay two full sets of fees.

PRICE

The asking price does not represent a formal valuation and advice has been given on the basis that there are no onerous covenants or conditions associated with the property. The asking price may change during the term of the agency but this will not affect this agreement.

SUB AGENCY

Italy Chiltons International Estate Agents reserve the right to instruct sub agents on your behalf without further reference to you at any time during our agency if we consider this to be in your best interest. This will not involve any extra costs and all viewing and negotiations will be co-ordinated by Italy Chiltons International Estate Agents. You must ensure however that all appointments to view the property are made through us even if only the sub agent is too attend at that appointment.

PAYMENT OF FEES

Our fees are calculated as a percentage agreed by all parties of the sale price plus VAT. The sale price is deemed to include any extra prices for fixtures, fittings, goods, chattels, carpets, curtains and other such related items.

The agreed commission fee will become due on exchange of unconditional contracts and payable on the date of completion out of completion monies, via your solicitor or Notary depending on which laws applies to the country in concern.

On signing our agency agreement you are hereby authorising your lawyers, Advocate or Notary depending on which country laws apply to pay our fees including VAT out of the proceeds of sale.

Responsibility for request of fees remains with the party or parties named on the signed terms of conditions agreement.

In the event of the fee not being paid in full within 10 days of the due date or the date of completion or from when our fee is first demanded we reserve the right to charge interest on any outstanding amount. The interest charge will be at 3% above Barclays Bank plc. base rate as at the date of the demand. Interest will be charged from the date of the demand. Interest will be charged from the date at which the fees are first demanded.

CONNECTED PERSONS

The Estate Agents Act 1979 requires that anyone engaged in Estate Agency work, or their relatives or associates must disclose their interest in any property dealings. If you are aware or became aware of any such interest you should inform us immediately.

IMPORTANT NOTICES

Unless written notice to the contrary is received by the branch dealing with your property within 5 working days of postage or delivery of this document, and were Italy Chiltons International Estate Agents continues to act on your behalf you will be deemed to have accepted these terms and conditions in full irrespective of whether a signed copy of this document has been returned or not.

These terms and conditions are governed by the Law of England and Wales.

 

 
     
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2007 Italy Chiltons International Estate Agents.