Standard Sourcing Terms & Conditions
1. Status of These Terms
These Terms and Conditions (the "Terms") set out the standard terms on which Prince Prime Properties Ltd ("PPP", "we", "us", "our") offers property sourcing and related services.
These Terms:
- are not intended to be signed;
- apply as baseline terms to all clients; and
- are incorporated by reference into any separate written agreement entered into between PPP and a client.
Where a client enters into a Specific Agreement with PPP, that agreement shall govern the engagement in accordance with Clause 2 below.
2. Contract Hierarchy & Precedence
Where PPP and a client enter into a signed agreement (a "Specific Agreement"), the following hierarchy applies:
- The Specific Agreement; and
- These Terms.
If there is any inconsistency or conflict between these Terms and a Specific Agreement, the Specific Agreement prevails to the extent of that inconsistency only.
Where any matter is not expressly dealt with, or is ambiguous, in a Specific Agreement, these Terms shall apply.
3. Services Offered
PPP may, at its discretion, provide one or more of the following services.
Service Type A - Bespoke Property Search
A tailored property search conducted based on criteria agreed with the client. This service is provided only under a separate Bespoke Property Sourcing Agreement.
Service Type B - Specific Advertised Deal
A sourcing engagement relating to a specific property opportunity advertised or introduced by PPP. This service is provided only under a Specific Advertised Deal Agreement.
Service Type C - Joint Venture Arrangements
PPP may, on a case-by-case basis and at its sole discretion, enter into joint venture arrangements with clients.
Joint Ventures are:
- not offered as a standard service;
- not available to all clients; and
- governed exclusively by a separate Joint Venture Agreement.
These Terms apply to Joint Ventures only to the extent expressly incorporated into the relevant Joint Venture Agreement.
4. No Financial or Investment Advice
PPP does not provide regulated financial, legal, tax, or investment advice.
All projections, figures, yields, returns, or estimates:
- are indicative only;
- based on assumptions and available information at the time; and
- are not guaranteed.
Clients must carry out their own due diligence and obtain independent professional advice before proceeding with any transaction.
5. Fees & Client Money
All fees:
- are payable as set out in the applicable Specific Agreement and/or invoice;
- must be paid in cleared funds; and
- are payable only by the contracting client (no third-party payments).
Where applicable, client funds shall be held in a designated client money account until becoming due in accordance with the Specific Agreement.
6. Deal Completion & When Fees Become Due
Unless a Specific Agreement says otherwise, a deal is treated as complete, and our fee becomes due, as follows.
Rental properties (including company lets, leases and management arrangements)
- The deal completes on the earliest of: the lease or contract being signed by all relevant parties; the keys being handed over or access to the property being confirmed; or 28 days after we introduce the client to the landlord or agent.
- Our fee becomes due at that point.
Purchased properties
- The full fee is payable in advance, when the client agrees to proceed with the purchase and we introduce the client to the vendor or the vendor’s legal team.
- The fee is held in our designated client money account until it becomes due.
- 50% of the fee becomes non-refundable once solicitors are instructed.
- The remaining 50% is treated as earned, and drawn down from the client money account, on exchange of contracts. Exchange of contracts is the point at which a purchase is treated as complete for the purpose of our fee.
7. Confidentiality (High-Level)
PPP treats all non-public deal information as confidential.
Detailed confidentiality obligations are set out only in the relevant Specific Agreement and its NDA Schedule.
8. AML, KYC & Compliance
PPP is required to carry out anti-money laundering, know-your-client, and related compliance checks.
Failure or delay in providing requested documentation may:
- delay service delivery;
- result in refusal to proceed; and/or
- result in termination of the engagement without refund, where permitted by the Specific Agreement.
9. Liability & Risk
PPP is not responsible for:
- market movements;
- lender decisions or valuations;
- planning outcomes;
- operational performance post-completion; or
- third-party failures.
Nothing in these Terms limits liability where it cannot lawfully be excluded.
10. Governing Law
These Terms are governed by the laws of England and Wales.
NDA SUMMARY
Confidentiality Summary
This section provides a high-level summary only of how Prince Prime Properties Ltd treats confidential and sensitive information.
It is not intended to act as a complete or binding non-disclosure agreement.
Where a client enters into a Specific Agreement (including a Bespoke Sourcing Agreement, Specific Advertised Deal Agreement, or Joint Venture Agreement), a separate and more robust NDA shall be attached to and form part of that agreement.
That deal-specific NDA:
- will apply only to that transaction;
- may include additional security, storage, inspection, data-handling and enforcement provisions; and
- shall prevail over this website-level summary in the event of any inconsistency.
Confidentiality
1. Purpose
PPP may disclose non-public information to clients solely for the purpose of evaluating potential property transactions.
2. Confidential Information
Confidential information includes:
- property addresses and identifying details;
- vendor, agent, or landlord information;
- financial appraisals and deal analysis;
- operational and commercial information; and
- supporting documentation.
3. Use and Protection
Such information must not be disclosed or misused and should be protected using reasonable security practices.
4. Duration
Confidentiality obligations at this website level are indicative only. The binding duration will be set out in the deal-specific NDA attached to the relevant Specific Agreement.
5. Governing Law
Our NDAs are governed by the laws of England and Wales.
