TERMS AND CONDITIONS

Clerkenwell Showrooms will act as your exclusive ‘Property-Finding-Consultant’.

We will advise, identify and report on suitable Buildings / Spaces. To reach a ‘Heads of Terms’ agreement with the Agent or Owner.

This will lead to a Lease or License contract. Terms applicable for the greater London area.

A. Interpretation

In these terms, the following expressions shall relay the context for the following meanings;

1. “CS” means Clerkenwell Showrooms and where appropriate any subsidiary or associated company or firm.

2. “Client” means the person, firm or company to whom CS is to provide services in accordance with these Conditions of Engagement.

3. “Property” means the Property that is the subject of the Client’s instructions to CS.

4. “Sole Agency” means the Client is liable to pay remuneration to CS.

5. “Conditions of Engagement” means these conditions and the Letter of Intent sent to the Client by CS.

B. Preliminary

1. CS undertakes all services only based on these Conditions of Engagement which shall apply to the exclusion of any other terms and conditions that the Client may seek to impose.

2. No variation of these Conditions of Engagement shall be binding unless in writing between a Director of CS and the Client.

3. Unless otherwise agreed in writing, CS is instructed by the Client, to act as exclusive agent in all property matters covering Clerkenwell and City District of London.

C. Assumptions

1. The Client hereby represents and undertakes to CS, when instructing CS to act on the sharing of the Property, that all information provided by the Client is correct.

2. That the Property complies with all relevant statutory requirements (including but not limited to by-laws, fire and health and safety at work regulations).

3. That the Property has been constructed and is occupied following valid planning and building regulation approval.

D. Fees

1. Unless otherwise agreed in writing, fees on completion will be calculated on the following basis.

2. Fee Agreement - 5%
A flat fee of 5% will be charged as a percentage of the annual rent agreed - to be paid within 30 day of signed agreement (lease or license).

3. CS shall not be liable to refund to the Client any part of the fee paid on account in any event.

E. Terms of business

1. If after receipt from CS of notification of the appropriate charges for work to be undertaken, no written confirmation is received from the Client within 14 days, it will be understood that all fee terms and conditions as advised are accepted.

2. CS’s duties shall be limited to those set out in the letter of confirmation of instruction sent to the Clients. CS will be pleased to provide additional services, where required, at fees and on other terms and conditions to be agreed with the Client.

3. CS and the Client irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction to hear and determine any suit, action or proceeding and to settle any dispute that may arise out of, or in connection with, the Conditions of Engagement.

F. General

1. Fee accounts will be submitted to the Client by the terms shown here.

2. CS reserves the right to charge the Client interest on any invoice that remains unpaid for 14 days, both before and after any judgment, at the rate of 3% per annum over the base rate from the date of the invoice until payment is made.

3. Unless otherwise stated or agreed fees shall become due and payable upon signing of the Letter of Intent or the Lessee (or an associated company) taking occupation of the property whichever shall occur first. Occupation includes taking possession for fitting-out purposes.

Complete the form below to agree to the terms above…