Terms of business/terms of engagement for a property investment company
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Kolkata
Fully insured legal professional for start ups SMEs and owner managed businesses.
Leatherhead
Professional, UK Regulated Legal services. For business & personal needs - Extensively insured.
Manchester
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Description
Experience Level: Intermediate
Estimated project duration: less than 1 week
General information for the business: Property marketing platform, we are working with private investors, please visit sirer-voss.com for full information about the business and us
Industry: Business
Legal topic: Contract
Description of legal work: We would like to work with an individual who has experience in creating/writing terms of business for real estate companies.
Extra notes: We are a platform (intermediary ) between investors and investment properties, these investment properties will either be off-market or on-market, either way they will be sourced by finders and Sirer Voss associates that we have signed a separate agreement with. What Sirer-Voss will provide is eyes and ears service to investors, and charge for this. The idea is something similar to rightmove and all the big players, but we are specifically working with our investor database and looking for good property opportunity deals. One of the main requirements is to have a few clauses about non circumvention and non disclosure, so the person who is signing the terms of business understands that in case he would go behind our backs we would take him to court. We would need to include also a clause about refunding the client in case the seller for whatever reason pulls out or due to some unforeseen circumstances the buyer can't proceed, but it would be down to sirer voss discretion. Also a clause saying that sirer voss have the right to change the terms of business and clients will be advised accordingly.
So to summarise, main points:
1) Client registers with Sirer-Voss.
2) Weekly updates of property potentials emailed.
3) Once a client shows interest in a listed property, and requests further specific information, they must sign a Terms & Conditions, Non-Circumvention & Non-Declaration Document, agreeing to pay our fees if followed by a purchase. Meaning that the property was introduced by Sirer-Voss, and they cannot circumvent us in the deal, nor disclose information to third parties, other than professionals assisting with the purchase.
4) We charge a fixed fee to the client per property introduced a minimum of £5,000 +VAT or 1 % plus VAT of the purchase price which ever is the greater.
Payment will be £500 payable at property reservation, cooling off period of 7 days, the remainder £4,500 plus VAT will be payable at exchange. Only 5) if for any reason the sale does not proceed to contract completion, due to the fault of the seller, a full refund will be given.
Disclaimer for any liabilities, client must do their own due diligence, survey etc.
6) Client's lawyer will give an undertaking to Sirer-Voss that fees will be paid upon contract exchange.
7) Fee payments by BACS transfer only.
8) Cancellation will need to be in writing, sent via registered post within 7 days of the date of this contract or to the email confirming acceptance of the terms. Unless otherwise agreed in writing by a Director, these Terms and Conditions shall represent the entire basis from which services are provided by us to you, and shall represent the entire agreement between us.
Industry: Business
Legal topic: Contract
Description of legal work: We would like to work with an individual who has experience in creating/writing terms of business for real estate companies.
Extra notes: We are a platform (intermediary ) between investors and investment properties, these investment properties will either be off-market or on-market, either way they will be sourced by finders and Sirer Voss associates that we have signed a separate agreement with. What Sirer-Voss will provide is eyes and ears service to investors, and charge for this. The idea is something similar to rightmove and all the big players, but we are specifically working with our investor database and looking for good property opportunity deals. One of the main requirements is to have a few clauses about non circumvention and non disclosure, so the person who is signing the terms of business understands that in case he would go behind our backs we would take him to court. We would need to include also a clause about refunding the client in case the seller for whatever reason pulls out or due to some unforeseen circumstances the buyer can't proceed, but it would be down to sirer voss discretion. Also a clause saying that sirer voss have the right to change the terms of business and clients will be advised accordingly.
So to summarise, main points:
1) Client registers with Sirer-Voss.
2) Weekly updates of property potentials emailed.
3) Once a client shows interest in a listed property, and requests further specific information, they must sign a Terms & Conditions, Non-Circumvention & Non-Declaration Document, agreeing to pay our fees if followed by a purchase. Meaning that the property was introduced by Sirer-Voss, and they cannot circumvent us in the deal, nor disclose information to third parties, other than professionals assisting with the purchase.
4) We charge a fixed fee to the client per property introduced a minimum of £5,000 +VAT or 1 % plus VAT of the purchase price which ever is the greater.
Payment will be £500 payable at property reservation, cooling off period of 7 days, the remainder £4,500 plus VAT will be payable at exchange. Only 5) if for any reason the sale does not proceed to contract completion, due to the fault of the seller, a full refund will be given.
Disclaimer for any liabilities, client must do their own due diligence, survey etc.
6) Client's lawyer will give an undertaking to Sirer-Voss that fees will be paid upon contract exchange.
7) Fee payments by BACS transfer only.
8) Cancellation will need to be in writing, sent via registered post within 7 days of the date of this contract or to the email confirming acceptance of the terms. Unless otherwise agreed in writing by a Director, these Terms and Conditions shall represent the entire basis from which services are provided by us to you, and shall represent the entire agreement between us.
Alex V.
100% (10)Projects Completed
12
Freelancers worked with
9
Projects awarded
56%
Last project
17 Mar 2022
United Kingdom
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