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Contract - Agreement
Contract - Agreement ON MEDIATION IN PURCHASE of Property in Poland Zig's Property Development 

 

 Place: ................................., date:......................


1. Contracting Parties

MR .............................................. , living at:.................................................................... ,

......................................................................, post code: ................................................

Passport No: ......................................
hereinafter: Client - Purchaser

and

Zig's Property Development,  3 Westerfield Rd, Ipswich, Suffolk, IP4 2UE,
represented  by Mr. Marek Nikodemski (Mark), as agent (hereinafter: Agent).


2. Duration of Contract.

Contracting Parties shall agree that this contract shall enter into force from the date of being signed by both parties, and shall be valid for an indefinite period of time.  The contract may be terminated at the request of one of the parties.  

3. Exclusivity.

The Client authorises the Agent within an exclusive contract to represent the Client’s best  interest only with respect to the Property or Properties outlined in Section 4.1 below and provide relevant property consultancy services as well as help necessary in purchasing  on behalf of the Client.

4. The Purpose of the Contract.

The purpose of the contract shall be that the Agent shall search for right properties and introduce them to the Client. Properties which were introduced to the Client are described in Section 4.1.  The introduction takes place under the understanding that the Client shall pay commission/finders  fee in the event of a successful transaction.

4.1 to introduce the following Properties to Client as potential Properties for an acquisition transaction :

Property One
Address:

Property Two
Address:


Property Three
Address:


4.2    to provide impartial consultancy advice in the interests of the Client
in order to facilitate a successful full or partial acquisition of the above mentioned properties.
4.3     To provide full and complete information of relevant information concerning the Properties outlined in section 4.1 in the interests of the Client
4.4   to arrange viewings and site tours of the properties outlined in section 4.1 on behalf of the Client

5.    Rights and Obligations of the Parties.

5.1    The Agent shall perform its activity according to its best professional competence and in compliance with the law.

5.3    The Client shall treat as strictly confidential all  documentation in connection with any property entrusted to him and not disclose or communicate same to any third party without express authorization from the Zig’s Property Development. This applies as well after the termination of the agreement.

6.    Assignment fee, Method of payment.

6.1    In the event of a successful acquisition transaction of a one of the Property or Properties outlined in Section 4,1 the Client shall pay of  50% of the commission after preliminary agreement (if applicable) and further 50% of the commission at the closing date or  all commission after closing date if there is no preliminary agreement.  The payment transaction should be pay via bank transfer to the:
 Zig’s Property Development , Nat West, Ipswich branch, Tavern Street, account number: 64108848 , sort code: 53-61-24

6.2    Commission depends on the value of purchased property and was explained on our web page:  Prices List - it is as follows:

When you will buy with us:

• Apartments and premises up to 25 000 GBP - 5%  value of the property, no less than      1.000 GBP
• from 25.001 GBP to 50.000 GBP - 3,75% value of the property
• from 50.001 GBP to 75.000 GBP - 3,25% value of the property
• from 75.001 GBP to 100.000 GBP - 2,75% value of the property
• from 100.001 GBP to 150.000 GBP - 2,5% value of the property
• from 150.001 GBP to 250.000 GBP - 2,25% value of the property
• from 250.001 GBP to 500.000 GBP - 2% value of the property
• from 500.001 GBP to 1.000.000 GBP - 1,75% value of the property
• from 1.000.001 GBP to 2.500.000 GBP - 1,5% value of the property
• over 2.500.000 GBP - 1.25 % value of the property

 

•        Any other type of  property:

 

• up to 25 000 GBP - 10%  value of the property, no less than      1.000 GBP
• from 25.001 GBP to 50.000 GBP - 7,5% value of the property
• from 50.001 GBP to 75.000 GBP - 6,5% value of the property
• from 75.001 GBP to 100.000 GBP - 5,5% value of the property
• from 100.001 GBP to 150.000 GBP - 5% value of the property
• from 150.001 GBP to 250.000 GBP - 4,5% value of the property
• from 250.001 GBP to 500.000 GBP - 4% value of the property
• from 500.001 GBP to 1.000.000 GBP - 3,5% value of the property
• from 1.000.001 GBP to 2.500.000 GBP - 3% value of the property
• over 2.500.000 GBP - 2,5 % value of the property
  

 

7.    Method of payment of the assignment fee:

7.1    The Client shall transfer money within 3 days of  the  complete acquisition transaction.  Becoming aware of such a fact, the Zig’s Property Development shall issue its invoice.
7.2    The Client is responsible for all legal fees necessary to purchase his/her property including: public notary fees, stamp duty, title registry fees, certified translator’s fees, filing fees to apply for necessary permits.


8. Other Stipulations.

8.1    Any legal dispute arising from the validity or performance of this contract shall be primarily settled peacefully by Parties; in case of failure local courts in Ipswich shall be applicable.

8.2    This contract is made in two identical copies, of which each party receives one after the contract is signed.

8.3    This contract is made in the English language.

8.4      This contract is governed by the law of the United Kingdom, especially in the context of contract law, Polish Property Law for Foreigners has to be taken for consideration.

8.5    This contract may be changed, modified or amended only in the form of a written schedule approved by both parties.

8.6    The Parties declare that they have carefully studied the contract and that it was not made under stress or under other biased conditions and in witness whereof their autograph signatures have been hereunder affixed.


 


......................................                                               ..................................................
Client                                                                            Mr. Marek  Nikodemski (Mark)
                                                                      For Zig's Property Development