Saunders 1865 | Standard Terms of Engagement

Standard Terms of Engagement

1. Fees & expenses are payable after the service has been performed. However, we require an Operating Deposit (OD) equivalent to the estimated fees & expenses (any fees payable to real estate agents by renters in another country will be payable in addition) that will be incurred to be paid into our Client Account at the start of every assignment. The start of the assignment is the date upon which we receive authorization to proceed. Whilst we may, as a matter of goodwill, start work on your assignment prior to receipt of the OD we reserve the right to suspend service at any time until funds have been received.

2. Where applicable, in the event that the actual monthly rent (or purchase price as the case may be) paid exceeds the budget/allowance advised the fee will be adjusted accordingly at the end of the assignment.

3. Value Added Tax (VAT) is payable in addition at the prevailing rate wherever applicable on all items. An amount for any estimated VAT will be included in the OD required in accordance with para 1 above.

4. Disbursements/expenses reasonably incurred (including travel mileage and translation costs) are payable in addition.

5. Any work that Saunders 1865 is required to do that is outside the service specification shall be charged on a time basis. You will be notified in advance if additional chargeable work is necessary and we will not proceed without your consent.

6. Pricing contained in any proposal is valid for such period as is specified in the proposal or for a maximum of 30 days from the date of the proposal whichever comes first.

7. TOUR DAYS & ASSOCIATED RESEARCH TIME (where applicable)

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Saunders 1865