Page 16 - Management

3. CHARGES

Our fees become payable on exchange of contracts.

To the exclusion of clause 4.3 in the Standard Terms of Business, the Client shall pay Lake &
Co the Charges in two instalments. The first instalment in the amount of £5,000 shall be
payable upon instruction of Lake & Co and the balance of the Charges shall be due upon
completion of the sale of the Property.

If the Client exchanges contract with a buyer but the purchase of the Property is not
completed for any reason, Lake & Co reserves the right to invoice the balance of the Charges
plus any outstanding marketing expenses.

4. LIMITATION OF LIABILITY

To the fullest extent permitted by law, Lake & Co shall not be liable to the Client for:

4.1 the failure to sell the Property; or

4.2 any loss, theft or destruction of property belonging to the Client;

unless such harm was caused by Lake & Co.’s negligence.

ANNEX 1

Tracy Pierre
Lake & Co

[ADDRESS]

[DATE]

Dear Tracy

Appointment as professional advisor in relation to the sale of [INSERT PROPERTY DETAILS]
I, [NAME OF CUSTOMER], hereby appoint Lake & Co [INSERT COMPANY DETAILS] to act as my
professional advisor in relation to the sale of [INSERT PROPERTY DETAILS] (the Property). In that
regard, I authorise Lake & Co, as my agent, to instruct [INSERT NAME OF ESTATE AGENTS] to market
the sale of the Property.

I understand that all fees and disbursements incurred by [INSERT NAME OF ESTATE AGENTS] are due
and payable by me directly.

Yours faithfully

[INSERT CUSTOMER NAME]