COLLINGWOODS, NOVEMBER 2023
30 PADDENSWICK ROAD,
HAMMERSMITH,
LONDON W6 0UB.
GENERAL.
(Where necessary, Collingwoods, their employees or associated persons hereby confirm an interest in the
ownership of this property).
Collingwoods do not offer any ancillary financial or other services either directly or through
associated/connected persons to prospective tenants.
Collingwoods will not undertake work for overseas registered/domiciled Landlords unless a current
exemption certificate is produced for withholding tax at source.
Collingwoods is a member of The Property Ombudsman Scheme (TPOS) and subscribes to it’s Code of
Practice. For terms and conditions please refer to www.tpos.co.uk.
Collingwoods is a member of PropertyMark in respect of standards of conduct on account of Client money
protection, compliance and disciplinary matters. For terms and conditions kindly refer to
www.PropertyMark.co.uk .
FEES & CHARGES.
SALES.
Sole selling agency 1.8% of the eventual sale price Inclusive of VAT at the prevailing rate. Inclusive of our costs and disbursements excepting surveyor’s and legal costs.
Sole selling joint agency 2.4% of the eventual sale price Inclusive of VAT at the prevailing rate. Inclusive of our costs and disbursements excepting surveyor’s and legal costs.
Multiple selling agency 3.6% of the eventual sale price Inclusive of VAT at the prevailing rate. Inclusive of our costs and disbursements excepting surveyor’s and legal costs.
LETTINGS.
No fees or payments from prospective tenants and tenants other than for such items permitted in accordance
with The Tenants Fees Act 2019. Examples of permitted payments being; holding deposit equivalent to one
weeks rent (forfeited should the prospective tenant decide not proceed) and tenancy deposit up to a maximum
of five weeks rent held by the deposit protection service in accordance with the terms of the tenancy
agreement.
Letting fee 12% of the gross rent for the term of the tenancy inclusive of VAT, at the prevailing rate Plus £150.00 inclusive of vat for preparation of an appropriate Assured Shorthold Tenancy Agreement deductible at commencement of the tenancy. An additional cost to be advised for third party referencing charges.
Management fee 12% of the gross rent for the term of the tenancy Inclusive of VAT at the prevailing rate, deductible monthly throughout the term of the tenancy agreement.
Sales
(Where necessary, Collingwoods, their employees or associated persons hereby confirm an interest in the ownership of this property).
Collingwoods do not offer any ancillary financial or other services either directly or through associated persons to prospective purchasers.
Collingwoods is a member of The Property Ombudsman Scheme (TPOS) and subscribes to it’s Code of Practice. For terms and conditions please refer to www.tpos.co.uk.
Collingwoods is a member of PropertyMark in respect of standards of conduct, compliance and disciplinary matters. For terms and conditions kindly refer to www.PropertyMark.co.uk.
FEES & CHARGES.
Collingwoods sole selling agency with sole selling rights commission/fee is 1.8% inclusive of vat at the prevailing rate of the eventual sale price payable by the Vendor upon completion of the sale.
Collingwoods sole selling agency commission/fee with sole selling rights is inclusive of all marketing and advertising costs.
The Vendor agrees to grant Collingwoods sole selling agency with sole selling rights for a period of two months from signing these terms and conditions. Such period may be extended for an additional period by mutual agreement.
This contract can be terminated by the Vendor any time during the instruction period. However, where Collingwoods have incurred previously agreed advertising/marketing costs, such agreement to be in writing, then these costs will become payable by the Vendor forthwith upon presentation of an itemised invoice. Furthermore;
- i) Should for any reason the Vendor terminate Collingwoods instruction during their two month agency period then for a period of six months of the date of our instruction the Vendor remains liable to pay Collingwoods sole selling agency commission/fee in the event another agency is instructed and they prepare a memorandum of sale and sell the property to a Purchaser who exchanges contracts. Such Purchaser having been introduced to the subject property by Collingwoods during their period of instruction.
- ii) Should for any reason the Vendor terminate Collingwoods instruction during their two month agency period then if no other estate agent is involved for a period of two years of the date of our instruction the
Vendor remains liable to pay Collingwoods sole selling agency commission/fee in the event a Purchaser exchanges contracts and who had been introduced to the subject property by Collingwoods during their period of instruction.
Please note the Vendor may be liable to pay more than one commission/fee in the event he has previously instructed another agent to sell the subject property on a sole agency, joint sole agency or sole selling rights basis or he instructs another agent during or after the period of Collingwoods sole selling agency with sole selling rights instruction.
Collingwoods joint sole selling agency commission/fee would be 2.4% inclusive of vat at the prevailing rate. Should the Vendor wish to instruct Collingwoods on a joint sole selling agency basis then this term and rate of remuneration shall be substituted for that of the sole selling agency with sole selling rights as detailed above.
Collingwoods multiple selling agency commission/fee would be 3.6% inclusive of vat at the prevailing rate. Should the Vendor wish to instruct Collingwoods on a multiple selling agency basis then this term and rate of remuneration shall be substituted for that of sole selling agency as detailed above.
The Vendor irrevocably agrees to instruct his Solicitor to deduct Collingwoods sale commission/fee from the proceeds of sale and account directly to Collingwoods.
Notice of Right to Cancel. The Vendor has a fourteen calendar day period from him signing this sole selling agency agreement during which he has a right to cancel this agreement without charge or penalty. However should the Vendor require the agreement to commence sooner then he must communicate this request in writing.
The Vendor hereby undertakes that he is the legal owner of the subject property with the right to instruct Collingwoods to act as sales agent. And in the case of joint or co–sellers the Vendor undertakes he has the right to sign on behalf of all co–sellers.
Collingwoods are required to obtain the Vendor’s proof of identity to satisfy the Money Laundering Regulations 2017. And as such will require upon signing of this agreement sight of an original passport, current utility bill, current bank statement, photographic driving licence. Of which copies will be held on file at our Office. Disclosure shall only be made with the Vendor’s prior written permission or where there is a legal requirement of disclosure.
FOR INFORMATION.
Prior to Collingwoods bringing the subject property to the market the law requires there must be in existence a valid Energy Performance Certificate (EPC). Such Certificate enables a prospective purchaser to understand the energy rating of the building. This should be considered in the amount of their offer to purchase.
In the absence of an existing EPC Collingwoods can arrange on behalf of a Vendor for a suitably qualified independent contractor to undertake such. The Vendor will be advised in writing of the cost and this will be required in advance of the contractor carrying out the task.
Collingwoods undertake to prepare full sales particulars of the subject property. These must be agreed in advance with the Vendor as being accurate, by him signing a copy which will be retained on file.
In the event a for sale board is required to assist with the sale of the property the Vendor hereby undertakes to have obtained in writing all necessary consents/permissions of any superior freeholder/leaseholder/ managing company that may be required. Copy of which will be retained on file.
The Vendor shall indicate in advance, mutually convenient periods/times/dates for appointments to view the subject property. And if required shall permit Collingwoods to access the property with keys in order to carry out agreed viewings. Notification of all such viewings to be in writing to the Vendor and shall be accompanied at all times by Collingwoods duly appointed representatives.
Collingwoods undertake to continuously review the marketing of the subject property and advise the Vendor of any adjustment in strategy or change of market conditions that may assist the prompt sale of the property. The Vendor will receive communications by telephone and confirmation in writing of all offers made including detail thereof.
Where a suitable offer has been received and is accepted subject to contract/under offer, the Vendor’s instructions will be sought as to whether the property should be withdrawn from the market pending contracts being exchanged or whether it is to be continually marketed until exchange. In the second instance the Vendor is advised that the prospective Purchaser must be notified in writing. In the meantime, all subsequent offers will be referred to the Vendor in writing for consideration.
Collingwoods to do not accept to hold deposits of any nature on behalf of Vendors or Purchasers.
In the event of the Vendor instructing his Solicitor to issue a further contract to a subsequent prospective purchaser, there effectively being a race between prospective purchasers to enter into a contract with the Vendor. Then Collingwoods will keep all prospective purchasers informed of all relevant information and progress in writing.
Throughout the whole sale process from submission of offers to exchange of contracts and completion of the sale, Collingwoods will regularly report to the Vendor and keep him appraised of matters. In particular, Collingwoods will continue to assist with the progress of the sale through to completion of the whole transaction.
DISPUTE RESOLUTION.
Collingwoods is a member of The Property Ombudsman (TPOS) and subscribes to it’s Code of Practice and complaints procedure. Details of which can be obtained free of charge from Collingwoods or on line via the TPOS web site www.tpos.co.uk. Collingwoods may contact prospective Vendors to seek their written consent to using personal details in any compliance or monitoring process. Collingwoods will not otherwise disclose any personal information without written consent except where the law requires.
Making a complaint – Collingwoods is a member of The Property Ombudsman (TPOS) and we aim to provide the highest standard of service to all our customers. To ensure your interests are safeguarded, we have a complaints process in place with the aim to resolve any issues or concerns as quickly as possible.
In the first instance, all issues and complaints whether oral or in writing should be directed to the Manager who will endeavour to resolve the matter immediately and no later than fifteen working days of the first notification of the complaint when a formal written notification of the outcome will be forwarded to the complainant. All complaints will be acknowledged within three working days.
Should for any reason one remain dissatisfied, then the matter can be furthered in writing within one month of receiving the Manager’s response, to Cliff Harper, Partner of Collingwoods. This further written complaint
will be acknowledged within three working days and a final written response on behalf of Collingwoods will be issued within fifteen days of receipt of your letter.
Please note all letters of complaint must be sent to Collingwoods, 30 Paddenswick Road, Hammersmith, London W6 0UB.
Certificates:
Propertymark CMP Security Certificate
Propertymark CMP Main Scheme Certificate