Welcome to Lexingtons Estate Agents. The following Terms & Conditions outline the basis on which we provide our estate agency services to property vendors. They explain your responsibilities as a seller, our responsibilities as your appointed agent, and the legal requirements that apply to property marketing and sales in the UK.
These Terms & Conditions explain how Lexingtons.com Ltd, trading as Lexingtons Estate Agents (“Lexingtons”, “we”, “us”, “our”), provides estate agency services to property sellers (“you”, “your”). By asking us to market your property or by continuing to use our services, you agree to these terms.
1. What We Do
We market your property for sale and introduce potential buyers. Marketing may include online listings, photographs, floorplans, printed materials, and displaying a “For Sale” board where appropriate.
2. Types of Agency
You can instruct us in one of the following ways:
- Sole Agency: We are the only agent instructed. Our fee is payable if a purchaser introduced by us, you, or another agent buys the property during our instruction.
- Joint Sole Agency: You may instruct one other agent. One fee is shared between both agents.
- Multiple Agency: You may instruct several agents. Our higher multiple-agency fee applies.
3. Our Fees
Our fees are based on the final agreed sale price:
- Sole Agency: 1.0% + VAT (minimum £3,000 + VAT)
- Joint Sole Agency: 2.75% + VAT
- Multiple Agency: 3.0% + VAT
Fees become payable on completion of the sale.
Interest may be applied to late payments. If legal action is required to recover fees, you will be responsible for related legal costs.
4. Agency Period & Ending the Agreement
The initial agreement lasts six months. After that it continues until either you or we give 14 days’ written notice.
If you change from Sole Agency to Multiple Agency after termination, the multiple-agency fee rate applies.
5. Marketing Costs
Standard marketing (photography, floorplans, listings, etc.) is usually included. Any extra or premium marketing costs will be discussed and agreed with you first.
6. Legal Requirements (ID Checks)
To comply with Money Laundering Regulations, you must provide proof of identity and proof of address. We may use a third-party system to verify your details electronically.
7. Property Details
We will prepare draft sales particulars for your approval. You must check these carefully and tell us if anything is incorrect. Providing false or misleading information about a property is a criminal offence.
8. Energy Performance Certificate (EPC)
You must have a valid EPC before marketing can begin. We can arrange this for you at an agreed cost if required.
9. For Sale Boards
With your permission, we may place a “For Sale” board at the property. Only one board may be displayed at a time, in accordance with planning rules.
10. Unoccupied Properties
We are not responsible for the maintenance, security, or condition of any property that is left unoccupied.
11. Buyers We Introduce
If you later agree a sale with a buyer we have introduced, even through another agent or privately, our fee will still be payable.
You must notify us of any offers accepted through other parties.
12. Withdrawal After Agreeing a Sale
If you accept an offer from a ready, willing, and able buyer and then decide to withdraw, we may charge 50% of the agreed commission.
13. If the Buyer Fails to Complete
If contracts are exchanged but the buyer does not complete the purchase, our full fee still becomes payable.
14. Data Protection
We comply with GDPR. Details of how we use your data are available in our Privacy Policy on our website.
15. Liability
Information and marketing materials are provided in good faith. We do not accept liability for errors, omissions, or losses arising from reliance on them unless the law requires otherwise.
16. Governing Law
These Terms are governed by the laws of England and Wales.
Acceptance of Terms
By instructing Lexingtons or allowing us to continue marketing your property, you agree to these Terms & Conditions.
