Ediston Property Investment Company (the ‘Company’) requires that all property introductions are submitted via e-mail to any of the contacts noted at the end of this policy.
In order for an introduction to be valid, it must contain the following information:
• Property address
• Up-to-date tenancy schedule
• Purchase price
• Purchase yield
• Vendor’s details
No verbal or written communication received or sent is capable of creating a binding agreement unless specifically agreed in writing by the Company.
The Company reserves the right in its absolute discretion whether or not it should accept an introduction. By submitting an introduction to the Company you are agreeing and accepting this.
If a property has been introduced to the Company by more than one party, the Company reserves the right in its absolute discretion to select and use the most appropriate person.
If the Company accepts an introduction, it is on the basis that:
• The introducer (individual or their firm) has no conflict of interest
• The introducer (individual or their firm) is acting only for the Company
• The introducer (individual or their firm) will not make a competing bid on behalf of any other party for the relevant property
The introducer’s fee is to be agreed by negotiation and must be expressly confirmed in writing by the Company.
If a property has been introduced and rejected, any re-introduction will be deemed to be a new introduction and it must be submitted in accordance with this Introductions Policy.
If the Company has rejected an introduction, it reserves the right to accept a subsequent introduction of the property from another party without being liable to the initial introducing party, if for example (but not limited to the following), a reasonable period of time has lapsed or if there are changes in the offer terms.