Certain property related services will be carried out on
behalf of the Companies by Andrew Reeves Group Companies with
whom discounted fee rates have been negotiated as follows:-
|
Acquisition fees
|
1.25% plus VAT of property purchase price
|
|
Project management fee
|
15% plus VAT of net profit on each project
|
|
Furnishing and preparation fee
|
12.5% plus VAT of costs incurred
|
|
Lettings and Management fees
|
12.5% plus VAT of rent collected
|
|
Selling fees
|
1.25% plus VAT of property sale price in Outer London;
2% plus VAT in Central London (or preferential rates
with other agents, if appropriate)
|
NB. These rates represent a discount of 16.7% on the rates
charged by Andrew Reeves Group Companies to individual clients,
with the exception of the Project Management fee.
