Information for sellers
TERMS AND CONDITIONS
1. SOLE AGENCY
Where Champions act 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 a 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 four weeks 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 here-in.
2. 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 the attention of Champions as having received instruction to sell the property. Where 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 introduced by us, or 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 four weeks’ notice in writing.
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 of 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.
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.
5. SUB AGENCY
We 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 viewings and negotiations will be coordinated by Champions. You must ensure however that all appointments to view the property are made through us even if only the sub agent is to attend at that appointment.
5. PAYMENT OF FEES
Our fees are calculated as a percentage 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 exchange of contracts, and payable on the date of completion out of completion monies, via your solicitor.
On signing our agency agreement you are hereby authorising your lawyers to pay our fees including VAT out of the proceeds of sale.
Responsibility for request of fees remains with the party or parties named overleaf.
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 at which the fees are first demanded.
7. 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 become aware of any such interest you should inform us immediately
Champions is a trading name of Centre Locations Limited. Company Registered Number: 06329806 Registered office: 62-64 Lower Sloane Street, London, SW1W 8BP, U.K.
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