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| About Us |
| Property Investment |
| Property Management |
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Between Viranda Holdings Ltd [Viranda]
And Our Clients [The Client]
Whereby
The Client and Viranda agree to work together to define the objectives of the client from time to time relating to the establishment, development and management of current and intended investments in property. In furtherance of the achievement of these objectives the following is agreed:
The Client
The Client agrees to join Viranda and to advance by way of deposit the fees agreed with Viranda from time to time. The parties acknowledge that these advances are refundable/repayable in the event that Viranda fails to deliver the agreed completed services within 30 days of the date of that the Client advises in writing that timing has become an issue and that such completion of delivery is required within 30 days. By acknowledging fee advances in this way Viranda is able to ensure that the maximum level of resources can be made available to achieve the clients' objectives.
The Client also agrees to keep Viranda informed of desired changes to the objectives, the financial position and expectations.
Viranda
Viranda agrees to carry out the tasks and provide the resources (where applicable to achieving the defined objectives) as set out within this agreement. In particular Viranda will:
1. Maintain clerical, communication, IT and management resources to assist with the achievement of the defined objectives.
2. Maintain a close liaison with associated professional groups and individuals including accountants, valuers, solicitors, surveyors, real estate agents and financiers so as to prompt and coordinate the provision of these resources in the achievement of the objectives.
3. Research the property investment market selecting those propositions that best meet the client requirements.
4. Assist the client with the negotiation, analysis, financing and purchasing of selected properties.
5. Introduce banks and financiers capable of assessing financial proposals and potentially assist with funding.
6. Advise its clients on lender selection, interest rates, loan terms and securities.
7. Assist with the post settlement reconciliation of payments and apportionments.
8. Manage the property after settlement liaising with other professional parties as required and reporting to the client as requested.
9. Be on call from tenants and related professionals (on an urgency basis if required) to liaise on property management matters on behalf of the client.
10. Where instructed, to advise clients on recovery of debt and enforcement of lease terms and conditions.
11. Assist with the assessment of design plans, building and refurbishment projects to investment enhance value and lease security.
12. Assist with the sale or disposal of property investment interests via agents and privately and to give advice generally on sale methods.
13. Report to the client or clients’ nominee on any aspects of a clients property investment portfolio.
14. Use its best endeavours to attend all meeting required by the client on a disbursements only basis.
15. Attempt to carry out whatever negotiations are required in the achieving of the objectives and as those as directed by the client.
16. Advise on the existence and meaning of contractual terms including sale and purchase agreements and Deeds of Lease.
17. Give legal advice where instructed on all contractual and tortious liability and procedural matters requested by the client.
18. Act where requested as a professional Director or Trustee of private vehicles established for the purpose of furthering the property investment objectives.
19. Advise on estate planning matters including the formation and use of Companies and Trusts for the purposes of distributing asset ownership and income.
20. Use its best endeavours to work with its client and their advisers in the furtherance of the mutually defined objectives of the client.
Review
The parties agree to review the objectives at least once a year during the first calendar quarter of each year. |
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