Terms and Conditions

Please note our the terms and conditions below of our various services.

Property Acquisitions, Disposals & Auctions

We endeavour to adhere to the standards of the Estate Agents Act 1979 and Property Misdescriptions Act 1991. We have sufficient Professional Indemnity cover in place in case of an error or mistake that might adversely affect our clients or suppliers.

Property Acquisition & Disposal Introductions: An introduction fee will be charged in relation to any exchange of contracts arising as a consequence of, or resulting from, an introduction by or through Prideview Properties Ltd, Pride Management LLP or any employee or these companies or any others within The Prideview Group (“Prideview”), whether direct or indirect, within 6 months from the date of the introduction. The introduction fee will be 1% (excluding VAT) of the purchase price unless stated otherwise in our marketing email or particulars and is payable within 30 days of the date of completion (50% payable at exchange in the case of forward funding or commitments) of the transaction. This introductory fee will be payable in the absence of any written agreement between us to the contrary. The only exception to this is if we are retained on the property and it is publicly listed on our website www.propertyinvestmentlondon.co.uk. Our terms and conditions will only alter from this by prior written notice and agreement.

Email Marketing of Property Particulars: In accordance with the MISREPRESENTATION ACT 1967, Prideview, for ourselves and for the vendors or lessors of any property for whom we act, give notice that: I. The initial marketing particulars sent by email are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. II. Prideview cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation, and other details contained within out marketing emails, and prospective purchasers or tenants must not rely on them as statement of fact or representations, and must satisfy themselves as to their accuracy. III. Rents, prices, premiums and service charge quoted in these particulars may be subject to VAT in addition and IV. Prideview will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.

Joint Agency: As we often acquire & dispose of properties for our clients in partnership with joint agents, unless otherwise agreed, the fee will be payable to “Prideview” in the first instance, and then will be shared with the joint agent in the proportions already mutually agreed. “Prideview” is not required to disclose who the joint agent is but will endeavour to do so where possible.

Property Auctions: For properties identified, introduced and subsequently acquired by clients via auction, “Prideview” reserves the right to charge the buyer an acquisition fee, which will be 1% (excluding VAT) of the purchase price unless stated otherwise. For properties disposed of on behalf of clients via auction, we reserve the right to collect a share of the auctioneer’s fee directly from the auctioneer.

Late and Unpaid Fees: We reserve the right to charge interest on any amounts still outstanding after twenty-eight days from the date of our first invoice. The prescribed rate of interest will be 4% above the current base rate of the Bank of England at the date of the demand. If we find it necessary to use solicitors to recover agreed fees or expenses, our costs will be charged to you.

Indirect Acquisitions or Disposals: These Terms and Conditions shall apply where a property is purchased directly or indirectly including (but not limited to) the purchase of an entity owning or having title to the property (such as a company or limited liability partnership) and these terms and conditions shall apply accordingly with the necessary changes being made.

Boards: We reserve the right to erect a board on the subject property, which will either state ‘Acquired’ / ‘Managed’ for acquistions or ‘For Sale’ / ‘Sold’ for disposals. Boards will be erected and maintained in compliance with local restrictions and tenant rights, and will be removed if they are deemed non-compliant.

Property Management

Click here to read our full terms and conditions within our Property Management agreement, which applies to all current and future management contracts.

Property Insurance

Pride Management (UK) Ltd (FRN 778543) is an appointed representative of Bircroft Insurance Services Limited (FRN 310441) which is authorised and regulated by the Financial Conduct Authority. This is in accordance with GEN4 Annex 1 of the FCA Handbook (see http://fshandbook.info/FS/html/FCA/GEN/4/Annex1)

Accordingly, any insurance we arrange for our clients is bound by their terms of business which can be read here.

Property Finance

We introduce clients requiring finance to fully regulated finance brokers or directly to lenders, in order that they may correspond directly with them to obtain approval for lending. We may or may not be remunerated by the brokers / lenders for the introduction, but will not charge any introduction fee to the client directly.

 

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