Terms and Conditions
1. Introduction
1.1. These Standard Terms of Business apply to all Clients (referred to as 'Investors', 'Clients', 'buyer', or 'you') who must ensure they have thoroughly read, understood, and agreed to the terms and conditions outlined below before proceeding with any property transaction.
1.2. PL Estates Ltd (referred to as 'us', 'our', or 'we').
2. Simplified Buying Process & Client Onboarding Overview
All Clients must sign these terms and the Non-Disclosure/Circumvention Agreement before receiving any property details.
We require upfront buyer checks for regulatory compliance, including verified identity and proof/source of funds.
Clients specify their property preferences, and we shortlist suitable opportunities.
Clients conduct their due diligence, provide feedback, and make offers on selected deals.
Clients sign the final fee agreement and pay applicable fees to us and any partners to secure chosen deals.
Deals are completed promptly. We may recommend trusted brokers, solicitors, and professionals for ongoing support throughout the process.
3. Client’s Responsibilities
3.1. Clients have 14 days from the date of signing this agreement to conduct their own due diligence on any property purchased from PL Estates Ltd. We recommend an independent property viewing to assess local rental demand where applicable.
3.1.1. Clients must ensure they have the means to secure financing for property purchase.
3.1.2. Clients must decide on the deal within the stipulated timeframe.
3.1.3. Clients are responsible for providing all requested documentation, verified as accurate by an approved professional.
3.1.4. Fees must be paid directly by the purchasing investor; third-party payments are not accepted and will be rejected.
3.1.5. All fees must be paid using cleared funds upon reservation.
3.1.6. Clients agree not to disclose any business dealings, property details, or conversations with PL Estates Ltd on any public forum, including social media and internet forums, without prior agreement.
3.1.7. Clients agree to conduct all property purchase related business exclusively through PL Estates Ltd. Any direct dealings with vendors or estate agents will result in forfeiture of the fee paid to us for our services.
4. Payment of Fees by Client
4.1. Clients agree to pay the amount stipulated on exchange of contracts. This fee is held in a client account until completion of contracts.
4.1.1. These fees cover our time and costs in researching, shortlisting, and facilitating deals to prevent abortive work.
4.1.2. A full facilitation fee (to be agreed upon) is payable upon exchange of contracts. Any upfront fees paid will be deducted from the final fee due.
5. Edwards Land & Property Ltd Responsibilities
5.1. We provide investors with a 14-day period to conduct due diligence on the property and area. No refund requests are accepted after this period.
5.2. Upon request, we may issue a refund of any upfront fee, less a £500 booking fee, within 28 days of the original payment date. Refund requests must be submitted in writing within 14 days of signing this agreement.
5.3. For Anti-Money Laundering compliance, refunds are processed only to the account from which the payment originated, upon submission of proof of payment.
5.4. We securely store all personal information and documentation in accordance with ICO data protection regulations (including GDPR).
5.5. We may engage a third-party company to assist with client due diligence as necessary.
5.6. We reserve the right to refuse service to any investor suspected of fraudulent activity.
5.7. We disclose all relevant information within 48 hours of fee payment.
5.8. We operate in compliance with regulatory standards at all times. Copies of our registration documents are available upon request.
5.9. We do not guarantee the success of any property deal, rental income, or tenant placement.
6. Property Details
6.1. Upon payment of the upfront service fee, Edwards Land & Property Ltd provides clients with relevant property details, including:
Full postal address
Agent links (if available)
Planning documents (as applicable)
Additional plans, pictures, and video
RICS surveyor report (if available)
7. Refund Policy
7.1. Clients have 14 days from paying the upfront fee to request a refund by emailing deals@edwardsproperty.net with "Refund Request" in the subject line.
7.2. Refunds are issued to the source account within 28 days of the original payment date, upon submission of proof of payment.
7.3. No refund requests will be accepted after 14 days from signing this agreement under any circumstances.
7.4. Edwards Land & Property Ltd does not compensate for legal fees or similar costs incurred by the customer.
7.5. A £500 booking fee is non-refundable in any circumstance and will be deducted from any refund granted.
8. Indemnity Disclaimer
8.1. We are not liable for economic changes, market conditions, tenant issues, or unforeseen property problems. Clients accept all current legislation and property-related regulations by proceeding with any property deal.
8.2. Rental figures (if provided) are estimates based on local comparators and advice from local agents. We do not guarantee investment returns.
8.3. We are not responsible for building refurbishment costs or related charges.
8.4. Clients acknowledge and agree to our refund policy, including the 14-day deadline for refund requests and the non-refundable £500 booking fee.
8.5. Clients confirm they have 14 days from the agreement date to conduct further due diligence on the property deal.
8.6. Clients acknowledge that no refund requests will be accepted after 14 days from signing this agreement.
8.7. Clients acknowledge that any agreed refund will have a £500 booking fee deducted within the 14-day period.
Resources
© 2024. All rights reserved.
Links
Contact
Trading as PL Estates Ltd. Company no.