Terms of Business
General terms and conditions of business
Our offers are based on the information given to us by sellers, thus we are not assuming liability for it. Nevertless we are giving our best in putting all the right information together in our offers. They are subject to change and noncommittal. Misapprehensions, prior sale or interim letting remain excepted.
2. Passing offers to third parties
Our offers and messages are bound to be only for the recipient (client) personally and are to be treated confidentially and may not be handed on to third parties. Shall a contract be made as a result of unpermitted handing on of the information, the client is obliged to pay damages to us – the same amount that would have been due in case of a successful deal.
3. Previous knowledge
In case the client already knows the offer we are referring to, he is obliged to tell us about it as fast as possible – including the source of his information. Otherwise the commission agreed upon has to be paid at the time of completion of a contract of sale of the referred offer in any case.
4. Accrued commission
Our accrued commission sets in as soon as a contract concerning one of the objects we arranged has been brought about by our brokerage. This is also valid in the case of co-causation.
In case the contract gets completed under different terms than the ones agreed upon originally, or in case it gets made for a different object from the contracting party we referred to, this does not affect our accrued commission – as long as the accomplished deal is economically identical with ours or only departs marginally from the deal offered.
The same holds true in case a different contract than the original one gets made (e.g. purchase instead of rental, building lease instead of purchase).
The accrued commission is also due when the contract gets done with another party who has a close personal or distinct commercial relationship with the client. Accrued commission also exists when the client does not acquire the object by himself but in a partnership with others or when he is finding this object for others.
5. Calculation base of the commission
The commission is designated for each single object and is charged based on the sales price published by us. In case the sales price gets reduced as a result of a sales negotiation between the seller and the prospective buyer, the accrued commission will be calculated based on the purchase price which is in the sales contract. Usually the buyer has to pay the commission, unless another agreement was made in written form.
6. Legal basis of the commission
The accrued commission is reasoned by § 653 BGB (German Code of Civil Law).
7. Guarantee for the information
The information comes from the owner. No guarantee can be taken for its validity.
8. Due date of the commission
Our commission is due at the completion of the main agreement. The commission is due immediately upon completion of the contract and without any deduction. In case of default, default interest at a rate of at least 4% above the key interest rate of the German Central Bank becomes due.
9. Offers given to us for marketing of objects to sell or rent
Its a fundamental rule that for any properties offered to us for renting or selling the offering person or company (owner, landlord, builder and so on) has to make sure to give us careful particulars regarding living and other usage areas, size of land, year of construction, condition of the building or property, and possible deficiencies or repairs to be made. Especially the informations given regarding living and usage space must be verified and if needed newly calculated if no reliable informations are available. Any cost involved with this are to be borne by the offering owner, landlord or builder. AllGrund Ltd. does not take over any liability or warranty for the correctness of such informations.
10. Place of fulfillment and Court of jurisdiction
Place of fulfillment and court of jurisdiction is Offenbach am Main in Germany.