These are the Terms and Conditions (the “Terms”) for the brokerage of your Leisure Asset by the Broker acting to sell through Motorhome Department ("The Company"). Please read these Terms to ensure that they are complete and accurate before entering the Agreement. The Terms apply to the exclusion of any other terms that you seek to impose or incorporate, or which are implied by trade, custom, practice or course of dealing.
Pursuant to the Terms and Conditions of The Company and those appointed by the aforesaid Company engaged to carry out business undertaken as a broker, you have the right to cancel this contract within 14 days of signing the agreement to sell and the period will expire 14 days from the appraisal date. To exercise the right to cancel, you must inform us by email of your decision to cancel this agreement by a clear statement setting out your decision and you must be able to show clear evidence of when the cancellation was made. Please use the form below should you wish to post it, though again evidence must be provided to demonstrate that the cancellation was made within the 14 day cooling off period.
The service offered by the appointed Broker is to introduce potential buyers to you the seller of the Leisure Asset, for which we will receive a commission on the successful completion of a sale transaction. We act purely as a facilitator and as a broker between you (the Seller) and the buyer of the Leisure Asset currently owned by you. This service is offered to you on a "no sale, no fee" basis and the Broker will manage every aspect of the sale, including advice on current sales trends and likelihood of a realistic return; all associated marketing; arranging and accompanying all viewings with advice when requested on aspects of the leisure asset, advising offers to you for your consideration and handover checks including the documents, warranty applications where applicable and payments. We accept no responsibility for the success of the sale, nor do we make any warranty or representation in respect of the same. We do not guarantee that we will be able to sell the Leisure Asset.
You acknowledge that you have received a Target Return Value of the Leisure Asset from us (the “Valuation”). The Valuation is provided on a “subject to contract” basis and is not legally binding. The Broker reserves the right to withdraw the Valuation at any time without legal consequence and with no liability to the Seller. The price quoted in the Valuation will be in pounds Sterling and will be inclusive of VAT. The price quoted in the Valuation is given in good faith and relies on the information given to the Broker by the Seller. If the information provided by the Seller is inaccurate, false or misleading it will result in an inaccurate valuation which cannot be relied upon by the Seller. No liability is accepted by the Broker for an incorrect valuation which was given in good faith.
Once the buyer has paid the accepted purchase price of the Leisure Asset in full to the Company, the commission shall be deducted and the balance (the "Target Return Value") will be paid to the Seller. The Company will make payment for the Leisure Asset to the Seller as soon as possible following completion of a sale. Completion shall be deemed to have taken place once the Broker has received cleared funds from the buyer of the Leisure Asset and paid the Seller the balance. The Target Return Value may be revised by the Broker, but only with express agreement of the seller.
The Agreement will remain in force for a minimum period of 42 days from the date on which it was signed by the Broker and the Seller and will continue to be in force thereafter until either a sale is completed or the Agreement is cancelled in accordance with the cancellation clause below. The Agreement gives the Broker the exclusive rights to sell the Leisure Asset for the term of the Agreement. If any sale is agreed whilst these Terms are in force our commission becomes due and payable, regardless of whom the buyer is or whether or not the Broker introduced the buyer to you. If you sell the Leisure Asset during the term of this Agreement without the assistance of the Broker or The Company, a sold out of trust fee will become due and payable by you to the Broker. Such fee will be a sum equivalent to 5% of the original Advertised Price of the Leisure Asset, subject to a minimum of £500 and a maximum of £2,000.
The Seller expressly warrants that; i. all of the information supplied during the valuation process is accurate and true ii. the Leisure Asset is not subject to undisclosed finance iii. to the best of his/her knowledge and belief the Leisure Asset has not been an insurance write-off or involved in any other serious accident or incident that required substantial repairs unless advised to the Broker in writing iv. the mileage reading (where applicable) on the Leisure Asset is true and accurate and that the odometer has not, to the best of his/her knowledge and belief been altered v. there are no undisclosed physical defects with the Leisure Asset vi. there are no undisclosed title defects with the Leisure Asset vii. he/she is the legal owner of the Leisure Asset, has the right to transfer the full unencumbered legal title and full ownership of the Leisure Asset to the buyer; and viii. no other person or entity has any claim to the Leisure Asset. The Seller shall indemnify the Broker in respect of any and all losses, costs or expenses incurred by the Broker as a result of a breach by the Seller of any of the above warranties or as a result of incorrect information being provided to the buyer of the Leisure Asset.
It is the responsibility of the Seller to disclose any existing finance associated with the Leisure Asset. The Broker may agree to settle the existing finance in lieu of payment or part payment of the Leisure Asset to the Seller at its absolute discretion, on behalf of the buyer. If the agreed sale price of the Leisure Asset is lower than the settlement figure required to fully settle the outstanding finance on the Leisure Asset the Seller must pay the Broker the difference between the settlement figure and the agreed sum in advance of the Broker settling of the outstanding balance on the finance. The Seller remains liable to the finance company in respect of the finance at all times until the credit agreement has been legally terminated. The Broker does not accept any liability with respect to the related finance at any time or for any reason. The Broker will use its reasonable endeavours to pay off the settlement sum on or before the due date. However, it is the Seller’s responsibility to ensure that the Broker is made aware of any such due date and no liability is accepted if payment cannot be made or is not made by the due date.
Where the Broker has agreed to collect or deliver the Leisure Asset for the Seller, a charge for this service will be agreed between the Broker and the Seller in advance. The Seller shall provide the Broker with all necessary documentation relating to the Leisure Asset such as finance details, service record, invoices, V5 log book, spare keys, manuals and other such documents relating to the Leisure Asset at the time of collection/delivery.
The Leisure Asset will be inspected by a representative of the Company prior to completion of the Buyer Agreement. A revised valuation may be offered where the Leisure Asset does not comply with the information provided during the valuation process, where the condition is such that it has a substantial impact on the value of the Leisure Asset or other factors not disclosed affect the Valuation.
When a sale is agreed, the Seller agrees to accept the net amount of the gross sale price less any commission due to the Broker and any other costs that have been incurred and agreed by you. Our commission takes the form of a buyer premium which will have already been deducted from the gross sale price when you are presented with offers. The amount you agree to accept when a sale is agreed is the amount you will receive without any deductions. Our commission becomes due and payable when a sale is agreed. For clarity, a sale is agreed when we have presented an offer to you, which you accept verbally or by any other means. The net return to the Seller (the "Valuation") may be less on the day of handover if there is a fault/defect/damage beyond that agreed at the time of Valuation.
Where this Agreement has been concluded elsewhere than at the Broker’s premises, the Seller shall have the right to cancel this Agreement without reason within 14 days of the date of this Agreement (“the Cooling Off Period”). If the Seller agrees in writing that the performance of this Agreement should begin before the end of the Cooling Off Period, then even if the Seller cancels the Agreement the Seller may still be required to pay for goods or services supplied before the cancellation. In addition to the cancellation right set out above, either party may terminate this Agreement at any time after the initial 42 day period by giving the other party 14 days’ notice of their intention to terminate the Agreement in writing. If you wish to terminate this Agreement on the 42nd day, we will need to receive your cancellation notice on the 28th day after the date of this Agreement. Cancellation notice is required to be sent by recorded delivery and its' receipt acknowledged. If you terminate this Agreement after the Cooling Off Period, if applicable, but during the initial 42 day period or without providing us with 14 days’ notice, a cancellation fee will become due and payable. The cancellation fee shall be equal to the costs incurred by the Broker in performing its obligations pursuant to this Agreement until the date of cancellation, up to a maximum of £500.
Neither the Broker nor Motorhome Department and its associated companies, their directors, employees or other agents shall be liable for direct or indirect inconsequential losses of any kind including loss of profits and other forms of expenses and compensation.
The Broker and The Company are committed to responsible data management and subscribes to the principals of the data protection legislation in the United Kingdom. We are committed to maintaining the privacy of our users and maintaining the security of any personal information received from you.
Any variation to the Agreement and/or these Terms shall only be binding when agreed in writing and signed on behalf of the Broker. We reserve the right to revise and amend the Agreement or these Terms from time to time. You will be subject to the terms in force at the date of the Agreement.
The Agreement, incorporating these Terms, and any matter arising from or in connection with it shall be governed by and construed in accordance with English law.