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Crimson Investment Properties LLP & Easy Cash 4 Properties Ltd (herein after referred to as ‘Crimson / EC4P’)
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The Purchaser (you) and ‘you’ refers to the person who has received information from us and our websites.
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By registering or requesting or accepting property details offered by Crimson / EC4P you confirm your acceptance and agree to be bound by our terms and conditions as stated.
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If you have any queries or questions about any of these terms please contact us for clarification before proceeding with any property opportunity offered by Crimson / EC4P.
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Crimson / EC4P reserve the right to amend or change these terms and conditions at any time without prior notice. Up to date terms and conditions will be supplied with every property opportunity offered for sale.
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Registration
To register with Crimson / EC4P and receive details of property opportunities you must be:- over the age of 18 years, not be bankrupt or subject to a voluntary arrangement with your creditors, have a clean credit rating, able to obtain mortgage funding or other sources of funds suitable for purchasing property, not have any criminal convictions that may prohibit you from purchasing property or have a detrimental effect on Crimson / EC4P and or our good name.
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The purchaser having contacted Crimson / EC4P accept that we may hold ‘personal data’ (as defined by the Data Protection Act 1998) on computer and or in manual form. You agree that all ‘personal data’ submitted is true and accurate. Crimson / EC4P accept no responsibility or liability for loss of earnings, revenue or money paid out in connection with a property opportunity in the event that ‘personal data’ proved to be inaccurate, wrong, or misleading and is the direct or indirect cause of a property opportunity not proceeding.
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Intellectual Property
The contents of the Crimson / EC4P websites and all materials presented by us are protected by copyright and trade marks all of which belong to us or our associate companies. We grant no right to you to use display or reproduce any or part of any of our trade marks, names or logo’s. You must not infer imply or pass yourself off as a representative, agent, employee, or licensee of Crimson / EC4P.
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Services provided by Crimson / EC4P to you
Crimson / EC4P will provide you from time to time with details of “Property Opportunities” that are offered for sale.
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The property opportunities are offered on a first come first served basis. A property opportunity is not reserved and still remains available until both the reservation fee and Crimson / EC4P fee are received in full.
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Crimson / EC4P will notify you of the address and details of the property.
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Crimson / EC4P have agreed a purchase price with the seller of the property and a deal has been agreed and a legally binding agreement is in place.
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Crimson / EC4P will disclose the “investor discounted price” of the property to the purchaser (you) and the amount of the contribution payable for the property opportunity.
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Crimson / EC4P will notify the purchaser (you), prior to the purchase, of any sell and rent back arrangements following completion of the purchase. This will including but is not limited to tenancy agreements, rent and any minimum terms, rent free periods, payment plans or buy back options. The purchaser (you) will agree to honour all of these terms following completion. In the event that the purchaser (you) decides to sell the property whilst any contractual agreements are still in place with the tenant, you will extend these agreements on to your new purchaser in a legally binding contract. Failure to honour any such terms may cause harm or damage to the name of Crimson / EC4P or its associates and may lead to the purchaser (you) having to pay damages to Crimson / EC4P.
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Crimson / EC4P may arrange for nominated professionals to act on your behalf. Please note that these nominated professional are independent of Crimson / EC4P.
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Crimson / EC4P reserves the right to withdraw any property opportunity that has not yet been reserved at any time and for any reason. Reasons for withdrawing a property opportunity may not be disclosed.
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Crimson / EC4P will accept no responsibility for any property deal that fails to complete due to your lack or communication or your failure to meet timescales set out in the deal.
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Crimson / EC4P do not provide advice. All information provided by Crimson / EC4P in any format is given as an opinion only.
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Your Obligation to Crimson / EC4P
You do not have to purchase any of the property opportunities made available.
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You must carry out your own checks and due diligence and satisfy yourselves that you wish to proceed with the purchase of each property.
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If you wish to purchase a property opportunity you must contact us by telephone advising us of your intentions. You will then be required to sign and return a completed reservation form, pay by bank transfer the reservation fee and the Crimson fee and confirm how you intend to fund the purchase.
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You will not attempt to re-negotiate any aspect of the deal with either Crimson / EC4P or the vendor of the property.
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You agree not to circumvent a situation, or to use or pass on information relating to the purchase of a property, which is intended to exclude or disadvantage Crimson / EC4P from purchasing the property on the terms agreed with the vendor. Or to attempt to negotiate either on your own behalf or with others a separate or side deal or change the terms of the deals to the detriment of Crimson / EC4P or the vendor without the express written agreement of Crimson / EC4P.
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The Purchaser will under no circumstances contact the vendor or their agents unless instructed to do so by Crimson / EC4P.
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You will not cause any delay in the completion of the purchase unless the delay is on reasonable grounds. The completion is usually a matter of urgency and often the reason for the property being offered at a discounted price. You will meet all timescales already agreed with the vendor and or the vendors lender and or any other third party who has an interest in the sale of the property. You must confirm that you have sufficient funding in place to complete the purchase in the timescales set out in the deal. No refund of any kind will be given for monies paid out by the purchaser (you) if the property opportunity is withdrawn from sale by any of the vendors creditors as a direct result of the purchaser (you) failing to complete the purchase in the time scale set out in the deal.
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You will notify Crimson / EC4P immediately both by telephone and in writing if you wish to withdraw from the purchase of a property you have agreed to purchase. You will also pay immediately all outstanding fees due to Crimson / EC4P or its associates. You are also responsible for paying any other fees you may have elected to incur in relation to this deal.
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You agree to act in a legally and comply with all legal requests, data protection and disclosure requirements.
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You agree to maintain high standards of honesty and integrity when dealing with Crimson / EC4P, its associates, property sellers and vendors.
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You agree to respond to all communications either from Crimson / EC4P or any party related to a property purchase by return post. If you away for any period of time whilst you are engaged in a property purchase you agree to keep Crimson / EC4P informed of your contact details.
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You agree to be contactable throughout the purchasing process of each property and make every effort to provide information requested by the due dates to enable the purchase to proceed unhindered. You understand that failure to meet any due date set out in the contract may result in the vendor withdrawing the property or terminating the contract and the loss of the reservation fee and the Crimson / EC4P fee, either paid or due to be paid.
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Fees Payable
The purchaser (you) will pay to Crimson / EC4P the reservation fee and Crimson / EC4P fee in full at the point of reservation (by bank transfer or other method agreed with Crimson / EC4P). Until such fees are received in full Crimson / EC4P will consider the property opportunity available and will continue to advertise it for sale. In the event that the purchase of the property does not complete for reasons outside your control (such as the seller withdrawing the property) Crimson / EC4P will refund any monies paid by the purchaser at that point minus any costs incurred. Failure of the purchaser to secure funding to complete the purchaser is not deemed outside your control and in such instances no refund will be given.
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The purchaser accepts that they are risking the sum of money equivalent to the closing costs and reservation fee when engaging in the purchase of a property opportunity, such is the normal risks associated with purchasing properties.
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You will pay all your professional fees unless advised to the contrary in writing by Crimson / EC4P that such fees are either being paid by Crimson / EC4P or other third party.
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You are liable to pay stamp duty and all other such fees relating to the purchase of a property.
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You will be liable for any incidental fees arising as a consequence of the purchase of the property. Details of such fees, where possible, will be included in the relevant appraisal sheet.
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You are liable to pay all cost associated with the ownership of a property after the purchase completes.
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You are responsible for securing your own funding to purchase a property. Crimson / EC4P may nominate professionals to assist you and in these circumstances you will be responsible for supplying all necessary information requested by such professionals in order to progress the purchase and secure the funding and pay all costs associated with obtaining the funding.
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Confidentiality
You agree not to assign, or transfer, any property opportunity to any other person once you have requested details relating to the property and or once you have engaged in the purchase of the property.
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You will not disclose any information relating to any property opportunity to any other person unless consent has been given in writing by Crimson / EC4P or if it is required by a law enforcement authority.
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You will not allow or authorise any other person to complete on a property you have either requested information on, or engaged in the purchase of, without written permission from Crimson / EC4P. Breech of this point will result in the loss of earnings by Crimson / EC4P being due and payable by you.
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Miscellaneous
Notice is hereby given that these property particulars, although believed to be correct, do not form part of an offer or a contract. Neither the vendor or Crimson / EC4P nor any person in their employment make representation or warranty whatsoever in relation to the property. Whilst we endeavour to ensure the above details are correct we “the agents” can not be held liable for any errors or admissions in the particulars and purchasers are advised to do their own verifications.
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Neither Crimson / EC4P or any of its partners, directors, employees or representatives will be liable for any damages of any kind arising out of, or in connection with, the use of any information, recommendations or advice provided. The information, its contents and subsidiary elements are provided in good faith with no representations or warranties of any kind given. This is a comprehensive limitation of liability that applies to all damages of any kind including compensatory, direct or consequential damages, loss of profit or income, loss or damage to property and claims of third parties.
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Please note, that property values may go down as well as up, and that voids can occur between letting periods. You are advised to make your own checks and verifications in respect of all properties offered and give adequate consideration to how you will pay for any financial short falls.
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All disputes with Crimson / EC4P will be governed by and in accordance with English law and subject to the jurisdiction of the English court.
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