SW1, SW3, SW5, SW7, SW10, W8, W11, W14
Sole Agency
Brompton will be sole agents for the period agreed with the Seller, or until this agreement is terminated, at the agreed Commission Rate and upon the terms detailed herein which will commence from the date of this agreement. The Sole Agency Agreement will continue after this period until terminated by either party giving twenty-one days' written notice. During the period of sole agency, the Seller must not instruct any other agent to sell the Property. If the Seller instructs another agent and thereby creates a multiple agency our fee will revert to our multiple agency fee, 1% higher than the sole agency rate.
The Seller will be liable to pay remuneration to Brompton in addition to any other costs or charges agreed, if at any time contracts for the sale of the Property are exchanged with a buyer introduced by Brompton during the period of their sole agency or with whom we had negotiations about the Property during that period, or with a buyer introduced by another agent during that period.
Multiple Agency
Brompton will be multiple selling agents from the date of this Agreement, at the Agreed Commission Rate and upon the terms detailed herein. The agency may be terminated by either party giving fourteen days' written notice. During the period of agency, the Seller may instruct other agents to sell the Property.
The Seller will be liable to pay remuneration to Brompton, in addition to any other costs or charges agreed, if at any time contracts for the sale of the Property are exchanged with a buyer introduced by Brompton before termination of the Agreement or with whom we had negotiations about the Property during that period.
For Sale Boards
Brompton will normally erect a For Sale board, unless otherwise instructed by the Seller or if the Property is situated in an area where boards are prohibited under the Town and Country Planning Regulations. Only one board per property is permitted and once Brompton's board is in position the Seller should ensure no other boards are displayed. In the case of multiple agency the Seller may choose to display the board of the agent charging lower commission.
Fees and Expenses
Brompton's sale commission will be calculated as a percentage of the eventual sale contract price, including any contents, at the Agreed Commission Rate. Commission includes all normal promotional costs except where additional expenditure is required on marketing, usually in the form of a special brochure or special advertising, when details of these expenses will be agreed with the Seller and confirmed in a separate letter. In the event of a part exchange/swap of the Property between the Seller and a buyer, the fees will be charged in accordance with the Agreed Commission Rate using the marketing price as referred to within this Agreement. Value Added Tax at the current standard rate will be payable in addition.
The property will be advertised in various media at our expense. If required, additional advertising can be arranged by agreement with you. Additional advertising expenses authorised by you in writing are payable by you whether or not we sell the property. Such costs shall be paid by you within 28 days of the date of our invoice.
Sale commission together with any further or outstanding agreed expenses must be paid out of the proceeds of sale and the Seller must instruct their solicitors accordingly. Interest will be charged at 4% above the Barclays Bank plc base lending rate on a daily basis if the account remains unpaid for more than fourteen days after completion and all Brompton's costs of recovery of monies due to Brompton will be borne by the Seller upon an indemnity basis. In the event that the buyer does not complete, commission is payable 4 months after exchange of contracts.
Offers
Brompton confirms that (unless instructed to the contrary in writing by the Seller) they will forward to the Seller promptly and accurately all offers from prospective buyers.
Unoccupied Property
Brompton cannot accept responsibility for the maintenance or repair or security of unoccupied Property for sale unless also appointed to manage the Property.
Services to Purchaser
Brompton, and/or its associated companies or directors, may offer to arrange the following services for a prospective buyer: insurance broking and other financial services, mortgages, removals and estate agency and other related services and may be entitled to receive commission in respect of any such services arranged. If the Seller accepts the offer of a prospective buyer (subject to contract) Brompton shall notify the Seller in writing with details of any services applied for by that prospective buyer.
Data Protection Act 1998
I/We/the Seller hereby consent to Brompton processing data, any information, or personal details on or of I/We/the Seller as defined in the Data Protection Act 1998.
Sales Particulars - Property Misdescriptions Act 1991
A copy of the sale particulars will be sent to you for confirmation that all the facts, including details specifically related to leasehold properties, are correctly stated. Sellers must advise Brompton if any details in the Sales Particulars are (or become, at any future date) inaccurate.
Sub Agents
If Brompton considers that it may assist in securing a sale the cooperation of selected agents or other intermediaries may be invited at no additional cost to the Seller, unless the Seller has given us written instructions to the contrary.
Brompton Ltd 36 Kings Road, Sloane Square, London SW3 4UD 020 7589 2002 fax 7589 1616
