Below is a copy of our Reservation Agreement.
To download a printable WORD document click
here.
AGENCY AGREEMENT
This AGREEMENT is made BETWEEN..........................
(“the Principal”) and Property World
Real Estate Ltd, of Unit F2A, International Commercial
Centre, Gibraltar (“the Agent”) For
the sale of ................................................
(“the Property”) On the ........day
of .................. of 2006.
Agent’s opinion of current market price
(Cannot be relied upon by principal)
PROPERTY TO BE OFFERED AT £...................................
1. In consideration for the Agent promising to
use their best endeavours to market
and sell the Property the Principal grants to
the Agent Non-Exclusive selling rights
of the Property from the date of this Agreement
until such time as the Property is sold or the
agreement is terminated by either party (giving
7 days notice in writing to the other party).
2. The Agent shall be entitled to a fee of 2%
of the final selling price if the Property
is sold pursuant to an introduction by the Agent (i.e. a viewing the Property
by the
prospective purchaser through the Agent or pursuant to the Agent’s marketing
policy or advice to the Prospective purchaser that the Property is for sale).
3. The Principal warrants that he/she/they has
authority to enter into this Agreement.
4. All monies paid by the purchaser as deposit
monies shall be held (by the Agent in their trust
account) as stakeholder. The Agent shall be entitled
to deduct their fee from such monies when contracts
are unconditionally exchanged for the sale of
the Property.
5. In the event that the sale is not completed
due to the default of inability of the Principal,
the Principal agrees to pay the Agent for the
fees and disbursements reasonably incurred by
the Agent with regard to the sale of the property.
Signed by PRINCIPAL
...........................................................................
Signed by AGENT
...........................................................................
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49494 | Fax
49995
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