Property Auction Event The Bentley Hotel, Newark Road, South Hykeham, Lincoln, LN6 9NH

Transcription

1 Property Auction Event The Bentley Hotel, Newark Road, South Hykeham, Lincoln, LN6 9NH Tuesday 10 th July 2012 from 6:30pm

2 Auction Venue The Bentley Hotel, Lincoln A46 Newark Road A1434 The Bentley Hotel Newark Road South Hykeham Lincoln Lincolnshire LN6 9NH A46 Registration at 6.30pm Auction begins at 7.00pm Hotel Information The Best Western Bentley Hotel & Spa is privately owned and ideally located on the outskirts of Lincoln, which is open 24/7. It is the only hotel with a fully equipped gym and indoor swimming pool. If you are interested in staying in at The Bentley Hotel after the auction, please call to book a room. Hotel Facilities The Bentley Hotel is the only Hotel sporting a superb indoor swimming pool, they also have a Steam Room, Sauna & Jacuzzi for the guest that wants to de-stress from work. For those with energy to spare, their Gym is fully equipped with all the latest equipment. Directions A1 Newark towards Lincoln A46, 8 miles on dual carriage way to first roundabout, straight over the A1434, hotel 50 metres on left. Just follow the signs. By rail Lincoln Station 5 miles. Parking Hotel car parking is free to all auction attendees. 2

3 The East Midlands Property Auction Tuesday 10 th July 2012 The East Midlands Property Auction continues to provide a proven track record of success with 76% of the properties offered sold in the last auction. July s sale sees 22 lots going under the hammer with a combined capital value of over 2 million pounds. We offer a broad range of realistically priced property from across the region and continue to offer free and impartial advice to anyone considering selling in the East Midlands area. Please contact any of the Pygott & Crone or Richard Watkinson and Partners branches for more details. What s the big attraction? No seller commission to pay. 0%. 5 weeks average sale time Online bidding prior to auction 24/7 Over 6,000,000 raised for clients in 2011 The best branch coverage The best online auction coverage No Commission. No Catch. Nothing to lose. The East Midlands Property Auction utilise the latest technology and initiatives to ensure we reach the widest possible market, all the properties are listed online showing the current bid (ebay style). Many offers are accepted this way and many sellers prefer to wait for the auction and share in the excitement of the physical auction, where 100 s of potential buyers fill the auction room. We are also very excited about 2012 as we are welcoming agents to join The East Midlands Property Auction, for a more certain way of selling and a certainty of no commission! Kevin Scrupps Senior Partner Pygott & Crone 3

4 Auction Day Procedure The Modern Method of Auction Registration You will require photographic I.D. to obtain a buyer card to enable you to bid at a property auction. If you intend to bid please remember to bring with you your catalogue, debit/credit card or bankers draft for your deposit and some form of identification such as drivers licence, passport, credit card etc. Please also bring the contact details of the solicitor you intend to use, or there will be a solicitor present. Timing The lots will be sold in order as catalogued. Allow approximately 3 minutes per lot as a guide. Therefore lot ten should be offered for sale at approximately 7.30pm Bidding For Your Lot When the auctioneer announces your lot he will also bring to your attention any last minute items which you should be aware of. He will also read the full address of the property, so please double check before bidding that this is the lot that you are interested in. The current lot number is usually displayed with a photograph on screens at the front of the room. The auctioneer will invite bids at a particular level and you can make this bid by raising your paddle, hand or catalogue. If you wish to make a bid other than the auctioneer calls for, please shout out your bid and the auctioneer may or may not accept it. The property will be knocked down to the highest bidder but not until the auctioneer warns you by saying going, going, gone. Never delay until the last second with your bid you may lose it. Remember, there may be 200 people in the room and unless your bid is clear the auctioneer may not see you. On The Fall Of The Hammer If you are the successful bidder a member of the auction team will approach you and ask you to follow them to the sales room. You will then be asked to provide a reservation fee or deposit (usually 5% subject to a minimum of 5,000 plus VAT). We will then prepare the acknowledgement of reservation form for you to sign using the details provided. Exchange will usually take place 28 days later under the supervision of your solicitor. Please do not leave the auction room without paying your deposit and signing the contract. What If The Lot I Want Is Unsold? If a lot fails to reach its reserve in the room and you wish to buy it, ensure you register your highest bid with us before you leave the room. We will contact the vendor and ask them for their instructions and contact you if we think that a sale after the auction is negotiable. Alternatively call us in the office after the sale. 4

5 Modern vs Traditional What is the difference? Auction Background The popularity and perception of property auctions has changed dramatically over the last years in the UK and it now provides a viable method of sale for the traditional homeowner, and investor/developer alike. In previous years auctions were primarily used to sell problem properties, but with the changes in the property market in the UK, more and more people are looking to sell their property via auction in order to benefit from the maximum price that can be achieved along with the security of a non refundable deposit, and a fixed time scale for exchange and completion. The auction method of sale provides transparency for both seller and buyer as the sale is in the public domain and the fear of Gazumping or re-negotiation is completely removed. There are two types of auction, both offered through Pygott and Crone, Traditional and the Modern Method. Traditional Auctions have been a popular way to buy and sell property for hundreds of years. However the Modern Method of Auction is a new concept and is unique to the Pygott and Crone Property Auctions in the region. Let s have a look at the arguments for both. Traditional Method of Auction This is an Unconditional Auction where on acceptance of an offer or on the fall of the hammer the buyer will pay up to a 10% deposit and exchange of contracts is immediate. Both parties are then legally bound to buy and sell. Traditional Auctions are mainly used by the investment market for properties that attract significant interest from professional investors. The residential sector can find it harder to buy through a traditional auction because there is a limited amount of time to put finance in place, meaning many purchases through a traditional auction are generally cash based. Modern Method of Auction Under the Modern Method of Auction, on acceptance of an offer or the fall of the hammer a buyer will place a 5% non-refundable reservation. They are then given 28 days to exchange contracts and a further 28 days to complete thereafter. This type of auction is aimed at residential buyers and sellers. Any serious buyer can buy through the Modern Method of Auction because the greater flexibility in terms means that buyers can purchase with finance. In many scenarios the average buyer can have difficulties completing a purchase within the time frames laid out through a Traditional Auction. Through the Modern Method of auction, more viewings means more offers and a higher end sales price. Lot 19, Building Plot, 65a Beacon Hill Road, Newark, Nottinghamshire Lot 19 is to be sold on an unconditional basis whereby a 10% deposit is also payable and exchange of contracts is required on the fall of the hammer. 5

6 Modern vs Traditional What is the difference? The Verdict Whilst the Traditional Auction is useful for disposing of investment stock to the investment market quickly and efficiently, the residential market requires more than this. The Modern Method offers the ability to maximise the level of interest from a broad range of buyers, in turn creating the best sales price in the current market but still benefiting from the security of a non refundable deposit and a fixed date to move and sell. The Modern Method of Auction provides a safe, quick and secure way to sell your home whilst still achieving the maximum amount possible. Is my property suitable for Auction? (Any type of property is suitable for sale by auction). Lots range from traditional residential properties from all price ranges, style and condition, new-build development, tenanted investments, developments sites and all sectors of commercial property. Selling through auction is the preferred method of sale in the USA, Canada, and in main land Europe. 6

7 Order of Sale Commencing 7pm Lot Property Starting Bid Starting Agent The Lodge, Main Street, Ashby De La Launde, Lincoln 34 Derwent Street, Lincoln, Lincolnshire 41 College Road, Cranwell Village, Sleaford, Lincolnshire 89 Maximus Road, North Hykeham, Lincoln, Lincolnshire 6 Woodville Road, Boston, Lincolnshire 34 Wisteria Avenue, Branston, Lincolnshire 9 Main Road, Langworth, Lincolnshire Double M Pitcher, Row Lane, Boston, Lincolnshire 9 Sudbrooke Road, Scothern, Lincoln, Lincolnshire 24 Old Chapel Road, Skellingthorpe, Lincolnshire 11 Station Street, Donington, Spalding, Lincolnshire Plot 3, Off Sleaford Road, Boston, Lincolnshire 25 Lindholme Road, Lincoln, Lincolnshire 33 Peterborough Way, Sleaford, Lincolnshire 4 The Green, Friesten, Lincolnshire The Limes, Low Street, Elston, Newark, Nottinghamshire 92 Willoughby Road, Boston, Lincolnshire The Bungalow, Ladywood Lane, Weston, Nottinghamshire Building Plot, 65a Beacon Hill Road, Newark, Nottinghamshire 7 Poplar Grove, Mansfield, Nottinghamshire 115 Clipstone Road, East Mansfield, Nottinghamshire Land to the side of 85 Kirklington Road, Newark, Nottinghamshire 110,000 75,000 70,000 60,000 70,000 99,950 65, ,000 75,000 99,950 59,950 40,000 99, , , , , , , ,950 79,950 95,000 Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Pygott & Crone Richard Watkinson Richard Watkinson Richard Watkinson Richard Watkinson Richard Watkinson 7

8 LOT 1 The Lodge, Main Street Ashby LincolnDe La Launde, Lincoln Lincolnshire LN4 3JG This detached stone cottage briefly comprises entrance hallway, WC, living room, breakfast kitchen, lean to conservatory, bathroom and three bedrooms. The property benefits from upvc double glazing and central heating. Three Bedrooms Detached House 0.31 Acre Plot Desirable Location Starting Bid: 110,000 Lincoln: LOT 2 34 Derwent Street Lincoln Lincolnshire LN1 1SL This bay fronted semi-detached house briefly comprises lounge, dining room, kitchen, sun room, three bedrooms and bathroom. Outside there is a driveway, an enclosed lawned garden to the rear and detached workshop. Starting Bid: 75,000 Hykeham: Three Bedrooms Semi-Detached House Bay Fronted Enclosed Rear Garden Auction Pack Available 8

9 LOT 3 41 College Road Cranwell Village, Sleaford Lincolnshire NG34 8DL This semi-detached house briefly comprises hall, lounge, kitchen, conservatory, bathroom and two bedrooms. Externally there is a south facing rear garden, driveway and detached garage. Starting Bid: 70,000 Sleaford: Two Bedrooms Semi-Detached House upvc Double Glazing Oil Fired Central Heating Gardens, Driveway & Garage LOT 4 89 Maximus Road Lincoln North Hykeham, Lincoln Lincolnshire LN6 8JU This modern coach house briefly comprises open plan lounge/dining/kitchen room, double bedroom and bathroom. The property further benefits from upvc double glazing and gas central heating. Outside there is a driveway and single garage. Starting Bid: 60,000 Hykeham: Spacious Double Bedroom Modern Coach House Driveway & Garage Open Field Rear Views 9

10 LOT 5 6 Woodville Road Boston Lincolnshire PE21 8AN This Victorian semi-detached house which requires complete refurbishment & briefly comprises entrance hall, lounge, dining room, kitchen, bathroom, landing, upstairs shower room and three bedrooms. Outside the property offers front and rear gardens. Three Bedroom Semi-Detached House Front & Rear Gardens Starting Bid: 70,000 Boston: LOT 6 34 Wisteria Avenue Branston Lincolnshire LN4 1QE This detached bungalow briefly comprises entrance hallway, living room, kitchen, conservatory, two bedrooms and family bathroom. The property benefits from upvc double glazing and gas central heating. Externally there are gardens with driveway and garage. Two Bedrooms Bungalow Conservatory Garage & Gardens Starting Bid: 99,950 Lincoln:

11 LOT 7 9 Main Road Langworth Lincolnshire LN3 5BJ Having accomodation comprising of lounge/dining room, separate sitting room, kitchen, four bedrooms with master having en-suite. Outside there is a separate detached double garage and self contained annexe. Starting Bid: 65,000 Hykeham: Four bedrooms Detached Cottage Detached Double Garage Self-Contained Annexe LOT 8 Double M Pitcher, Row Lane Boston Lincolnshire PE20 2LJ Ideally located within a quiet semi rural location is a detached bungalow which briefly comprises kitchen diner, hallway, lounge, three bedrooms and family bathroom. Outside the property is situated on a good sized plot which measured around 0.47 acres. Starting Bid: 135,000 Boston: Three Bedrooms Detached Bungalow Good Sized Plot Detached Garage & Driveway 11

12 LOT 9 9 Sudbrooke Road Lincoln Scothern, Lincoln Lincolnshire LN2 2UX Situated within this sought after village is this period cottage offers with appointed living accommodation that briefly comprises living room, fitted kitchen, two bedrooms and shower room. Outside there is a low maintenance gravel garden. Two Bedrooms Terraced Property Period Cottage Established Gardens Starting Bid: 75,000 Lincoln: LOT Old Chapel Road Skellingthorpe Lincolnshire LN6 5UB This modern detached home briefly comprises entrance hallway, lounge, dining room, kitchen, three first floor bedrooms and family bathroom. The property further benefits from double glazing and gas central heating. Starting Bid: 99,950 Lincoln: Three Bedrooms Modern Detached Home Garage & Parking Enclosed Lawned Gardens 12

13 LOT Station Street Donington, Spalding Lincolnshire PE11 4UQ This detached former Coach House benefits from upvc double glazing, gas fired central heating and has accommodation comprising lounge/ dining room, refitted kitchen, two bedrooms, family bathroom and enclosed court yard. Starting Bid: 59,950 Spalding: Two Bedrooms Detached Former Coach House Rear Court Yard Gas Fired Central Heating upvc Double Glazing LOT 12 Plot 3, Off Sleaford Road Boston Lincolnshire PE21 7PE This plot has the benefit of full planning permission for a three bedroom detached bungalow. The garage for the proposed dwelling is already constructed and we are advised that all mains services are available. Starting Bid: 40,000 Boston: Three Bedrooms Full Planning Permission Detached Bungalow Garage & Gardens 13

14 LOT Lindholme Road Lincoln Lincolnshire LN6 3RQ This extended semi-detached family home comprises of entrance hall, lounge, dining room, fitted kitchen, four bedrooms, en suite shower room and family bathroom. It also has an enclosed lawned garden and driveway with a single garage. Starting Bid: 99,950 Lincoln: Four Bedrooms Extended Semi-Detached Enclosed Lawned Gardens Driveway & Single Garage LOT Peterborough Way Sleaford Lincolnshire NG34 8TW This detached house is in need of some renovation. It comprises hall, cloakroom, lounge, dining room, conservatory, breakfast kitchen, utility, four bedrooms, en suite to master & bathroom. Externally there is a driveway, garage & rear gardens. Starting Bid: 104,950 Sleaford: Four Bedrooms Detached House Driveway & Garage Rear Gardens Auction Pack Available 14

15 LOT 15 4 The Frieston Green Green Frieston Grantham Lincolnshire NG32 3BZ Pleasantly situated in a great location benefiting from; porch, entrance hallway, lounge, dining room, recently fitted kitchen, cloakroom, four bedrooms, bathroom, double garage & gardens. It also benefits from double glazing, oil central heating. Four Bedrooms Detached House Double Garage Front & Rear Gardens Starting Bid: 225,000 Grantham: LOT 16 The Limes, Low Street Newark Nottinghamshire NG23 5PA This detached bungalow briefly comprises of entrance hall, kitchen/diner, utility room, family room, bedroom with en suite & dressing room, four further bedrooms, bathroom & shower room. Externally there is a single garage & large driveway. Detached Bungalow Five Bedrooms Great Location Large Driveway Starting Bid: 210,000 Lincoln:

16 LOT Willoughby Road Boston Lincolnshire PE21 9HN A detached bungalow benefiting from upvc double glazed & gas fired central heating. The accommodation comprises entrance hall, lounge, dining kitchen, utility, sun room, two bedrooms & bathroom. Externally there are front & rear gardens. Starting Bid: 125,000 Boston: Two Bedrooms Detached Bungalow Great Location Front & Rear Gardens Off Road Parking LOT 18 SOLD PRIOR The Bungalow Ladywood Lane, Weston Nottinghamshire NG23 6TA A walton's prefabricated, wood clad, bungalow together with vehicle maintenance workshops and land extending to 3.43 acres. A Lawful Development Certificate has been issued for the use of the property. Starting Bid: 180,000 Newark: Prefabricated Bungalow Vehicle Workshops Mobile Home Site 3.43 Acres Approx 16

17 LOT 19 Building Plot Newark Nottinghamshire Northamptonshire NG24 UNCONDITIONAL LOT A building plot with full planning permission for the erection of a detached three bedroomed house providing approximately 1,500 sq ft internal floor space on a plot extending to 820 sq metres or thereabouts. Building Plot Planning Permission Granted Proposed Detached House Starting Bid: 110,000 Newark: LOT 20 7 Poplar Grove Mansfield Nottinghamshire NG19 0HW This detached bungalow set in extensive gardens is in a great location. With some updating required, it comprises entrance hall, through lounge/diner, kitchen, separate toilet, bathroom and two double bedrooms. Outside there is an attached garage. Two Bedrooms Detached Bungalow Deceptively Spacious Large Gardens Starting Bid: 159,950 Mansfield:

18 LOT Clipstone Road East Mansfield Nottinghamshire NG19 0HT This semi-detached house is in a great location. Briefly the accommodation comprises entrance hall, lounge, dining kitchen and three bedrooms and bathroom. Outside there are gardens front and rear. Three Bedrooms Semi-Detached House Front Garden Large Rear Garden Starting Bid: 79,950 Mansfield: LOT 22 Land to the side of 85 Kirklington Road Bilsthorpe Newark Nottinghamshire NG22 8SQ This area of land has full planning permission for four detached dwellings, two of which are now offered for sale both having a good sized plot. The land forms part of the garden of no 85 and is positioned to the right of the existing dwelling. Starting Bid: 95,000 Southwell: Two Building Plots Full Planning Permission Lovely Position Good Sized Plots Well Served Village 18

19 Glossary of Terms The Modern Method of Auction Addendum The document published on the day of the auction containing all of the corrections, changes and additions to the details within the catalogue. It is important that you read this document before bidding to see if there is anything significant listed against your lot. We will be compiling these amendments right up until the auction day. The most up to date copy is always available from our auction department. The Addendum forms part of the contract of sale. Starting Bids Starting bid prices are published for each property and are a reflection of the price the vendor is trying to achieve. In most cases the reserve price will be in excess of the starting bid figure. Starting bids are for guidance only and are not reserve prices. These prices may occasionally change throughout the marketing period. Reserve Price This is the minimum price that is acceptable to the vendor for selling a subject lot in the auction room. We do not publish reserve prices; this figure is a private agreement between the vendor and the auctioneer. Reservation Fee Unless otherwise stated, each property is sold subject to a reservation fee. The reservation fee is calculated against the final negotiated selling price at 5% subject to a minimum of 5,000 plus VAT at the prevailing rate. The reservation fee does not form part payment of the final negotiated selling price, and is received on a nonrefundable basis. The reservation fee is held as a reservation against the subject property until such time that exchange of contracts takes place. If the sale falls through due to an act or action of the vendor, the reservation fee becomes repayable to the buyer in full. Exchange of Contracts (The purchaser is in contract at the fall of the hammer). This is the point at which you are legally obliged to buy the property; this usually takes place 28 days after the fall of the hammer. The property is not yours at this point, but there is a legal obligation for the purchaser to buy and the vendor to sell. Property insurance should be arranged at this time. Completion This is the point at which the property legally becomes yours and keys become available. This usually takes place 28 days after the exchange of contracts and is typically arranged between the vendor s solicitor and your own solicitor. You will be asked to provide any outstanding funds at this point. Any variation to these terms will be either be announced by the auctioneer or appear in the Special Conditions of Sale if applicable for each property available from the Auctioneer prior to auction. 19

20 Glossary of Terms The Modern Method of Auction Special Conditions Of Sale Each lot is sold subject to the Notices and General Conditions of Sale printed in the catalogue. In addition to these general conditions applicable to each lot the vendor s solicitor may draft additional terms applicable to their individual lot these are the Special Conditions. These are not printed in the catalogue and are available for free from the auction department if applicable. They form part of the Contract of Sale. It is important that you satisfy all of your legal enquiries and are aware of all conditions (including any Addendum) before you bid at auction. Pre-Auction Offers We anticipate that the lots in this catalogue will be offered, as advertised, on the day of sale. There may be circumstances where the acceptance of an offer prior to auction may be considered. Parties interested in particular lots are advised to register their interest with the auctioneers at the earliest opportunity. Energy Performance Certificate (EPCs) Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. Find out what EPCs look like and what they contain. EPCs contain: Information on your home s energy use and typical energy costs A recommendation report with suggestions to reduce energy use and save money Details of the person who carried out the EPC assessment Who to contact if you want to make a complaint Energy use and potential savings EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from A to G. An A rating is the most efficient, while G is the least efficient. The average efficiency grade to date is D. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties. Disclaimer Property particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. 20

21 Catalogue Registration Form Our catalogue subscription service will guarantee despatch of the full colour catalogue to you on the day of publication. Unlike most auction houses this is a completely free service. If you wish to receive a catalogue please feel free to fill out this form and hand it to a member of staff in the auction room, return by post to East Midlands Property Auction or drop into one of ourinterlinked branches. Your will receive the catalogue every auction thereafter by your preferred choice. Please fill out and post, fax or hand deliver to any Pygott & Crone Branch. To find your nearest branch please visit e.g Scunthorpe, Grimsby, Hull 21

22 Registration Form for Proxy or Telephone Please select method of bidding: Proxy Telephone Date of Auction Bid 1 Lot Number Maximum Bid Price Lot Address (in words) I hereby authorise The East Midlands Property Auction to bid on my behalf for the subject property listed, be that by telephone or by proxy. I confirm that I have read and understand the terms and conditions included in the auction catalogue. Buyer s Details Full Name(s) Company 2 Address Post Code Telephone(s) (for tel bids) 1 2 Fax Solicitors Full Name(s) 3 Company Address Telephone Post Code Signature Buyer s Signature 4 I understand that if my bid is successful that a Buyer s Premium of 5% subject to a minimum of 5,000 plus Valued Added Tax is payable. The Buyers Premium is calculated against the final negotiated selling price and is not considered as part payment of the final negotiated selling price. The Buyers Premium is received on a non-refundable basis and is held as a reservation for the subject property and will be forfeited if formal contracts are not exchanged within twenty-eight days of the date here of. Should the seller default for any reason the Buyers Premium is refundable to the purchaser. The buyers declare that the information and conditions contained in the Auction Catalogue are understood and accepted. 22 Payment 5 I authorise a payment for the buyers premium to be taken from my bank account listed below: Card Type Name on Card Card No Security No Issue No Valid From Expiry Date

23 Energy Performance Certificate Lot 1 Lot 2 Lot 3 Energy Performance Certificate 41, College Road Dwelling type: Semi detached house Cranwell Village Date of assessment: 21 April 2011 SLEAFORD Date of certificate: 23 April 2011 NG34 8DL Reference number: Type of assessment: RdSAP, existing dwelling Total floor area: 69 m² This home's performance is rated in terms of the energy use per square metre of floor area, energy efficiency based on fuel costs and environmental impact based on carbon dioxide (CO ² ) emissions. Energy Efficiency Rating Environmental Impact (CO ² ) Rating Current Potential Current Potential Very energy efficient lower running costs Very environmentally friendly lower CO emissions ² Not energy efficient higher running costs Not environmentally friendly higher CO emissions ² England & Wales 2002/91/EC England & Wales 2002/91/EC The energy efficiency rating is a measure of the The environmental impact rating is a measure of a overall efficiency of a home. The higher the rating, home's impact on the environment in terms of carbon the more energy efficient the home is and the lower dioxide (CO ) emissions. The higher the rating, the the fuel bills are likely to be. less impact it has on the environment. Estimated energy use, carbon dioxide (CO ² ) emissions and fuel costs of this home Current Potential Energy use 271 kwh/m² per year 197 kwh/m² per year Carbon dioxide emissions 4.6 tonnes per year 3.3 tonnes per year Lighting 70 per year 37 per year Heating 678 per year 503 per year Hot water 136 per year 137 per year You could save up to 207 per year The figures in the table above have been provided to enable prospective buyers and tenants to compare the fuel costs and carbon emissions of one home with another. To enable this comparison the figures have been calculated using standardised running conditions (heating periods, room temperature, etc.) that are the same for all homes, consequently they are unlikely to match an occupier's actual fuel bills and carbon emissions in practice. The figures do not include the impacts of the fuels used for cooking or running appliances, such as TV, fridge etc.; nor do they reflect the costs associated with service, maintenance or safety inspections. Always check the certificate date because fuel prices can change over time and energy saving recommendations will evolve. Remember to look for the Energy Saving Trust Recommended logo when buying energy efficient products. It's a quick and easy way to identify the most energy efficient products on the market. This EPC and recommendations report may be given to the Energy Saving Trust to provide you with information on improving your dwelling s energy performance. Lot 4 Energy Performance Certificate 89 Maximus Road Dwelling type: Top-floor flat North Hykeham Date of assessment: 07 November 2011 LINCOLN Date of certificate: 07 November 2011 LN6 8JU Reference number: Type of assessment: RdSAP, existing dwelling Total floor area: 49 m² This home's performance is rated in terms of the energy use per square metre of floor area, energy efficiency based on fuel costs and environmental impact based on carbon dioxide (CO2) emissions. Very energy efficient - lower running costs Not energy efficient - higher running costs Energy Efficiency Rating Current Potential (92 plus) A (81-91) B (69-80) C (55-68) D (39-54) E (21-38) F (1-20) G England & Wales 2002/91/EC The energy efficiency rating is a measure of the overall efficiency of a home. The higher the rating the more energy efficient the home is and the lower the fuel bills are likely to be. Environmental Impact (CO2) Rating Current Potential Very environmentally friendly - lower CO2 emissions (92 plus) A (81-91) B (69-80) C (55-68) D (39-54) E (21-38) F (1-20) G Not environmentally friendly - higher CO2 emissions England & Wales 2002/91/EC The environmental impact rating is a measure of a home's impact on the environment in terms of carbon dioxide (CO2) emissions. The higher the rating the less impact it has on the environment. Estimated energy use, carbon dioxide (CO2) emissions and fuel costs of this home Current Potential Energy use 156 kwh/m² per year 156 kwh/m² per year Carbon dioxide emissions 1.5 tonnes per year 1.5 tonnes per year Lighting 34 per year 34 per year Heating 270 per year 270 per year Hot water 70 per year 70 per year The figures in the table above have been provided to enable prospective buyers and tenants to compare the fuel costs and carbon emissions of one home with another. To enable this comparison the figures have been calculated using standardised running conditions (heating periods, room temperatures, etc.) that are the same for all homes, consequently they are unlikely to match an occupier's actual fuel bills and carbon emissions in practice. The figures do not include the impacts of the fuels used for cooking or running appliances, such as TV, fridge etc.; nor do they reflect the costs associated with service, maintenance or safety inspections. Always check the certificate date because fuel prices can change over time and energy saving recommendations will evolve. Remember to look for the Energy Saving Trust Recommended logo when buying energy-efficient products. It s a quick and easy way to identify the most energy-efficient products on the market. This EPC and recommendations report may be given to the Energy Saving Trust to provide you with information on improving your dwelling s energy performance. Page 1 of 5

24 Energy Performance Certificate Lot 5 Lot 6 Energy Performance Certificate 34, Wisteria Avenue Branston LINCOLN LN4 1QE Dwelling type: Detached bungalow Date of assessment: 02 March 2012 Date of certificate: 02 March 2012 Reference number: Type of assessment: RdSAP, existing dwelling Total floor area: 68 m² This home's performance is rated in terms of the energy use per square metre of floor area, energy efficiency based on fuel costs and environmental impact based on carbon dioxide (CO ² ) emissions. Energy Efficiency Rating Environmental Impact (CO ² ) Rating Very energy efficient lower running costs Current Potential Very environmentally friendly lower CO ² emissions Current Potential EPC unavailable at time of print. Please contact office for further details Not energy efficient higher running costs Not environmentally friendly higher CO emissions ² England & Wales England & Wales 2002/91/EC 2002/91/EC The energy efficiency rating is a measure of the The environmental impact rating is a measure of a overall efficiency of a home. The higher the rating, home's impact on the environment in terms of carbon the more energy efficient the home is and the lower dioxide (CO ) emissions. The higher the rating, the the fuel bills are likely to be. less impact it has on the environment. Estimated energy use, carbon dioxide (CO ² ) emissions and fuel costs of this home Current Potential Energy use 373 kwh/m² per year 252 kwh/m² per year Carbon dioxide emissions 4.9 tonnes per year 3.3 tonnes per year Lighting 58 per year 42 per year Heating 760 per year 601 per year Hot water 207 per year 105 per year You could save up to 277 per year The figures in the table above have been provided to enable prospective buyers and tenants to compare the fuel costs and carbon emissions of one home with another. To enable this comparison the figures have been calculated using standardised running conditions (heating periods, room temperature, etc.) that are the same for all homes, consequently they are unlikely to match an occupier's actual fuel bills and carbon emissions in practice. The figures do not include the impacts of the fuels used for cooking or running appliances, such as TV, fridge etc.; nor do they reflect the costs associated with service, maintenance or safety inspections. Always check the certificate date because fuel prices can change over time and energy saving recommendations will evolve. Remember to look for the Energy Saving Trust Recommended logo when buying energy efficient products. It's a quick and easy way to identify the most energy efficient products on the market. This EPC and recommendations report may be given to the Energy Saving Trust to provide you with information on improving your dwelling s energy performance. Lot 7 Energy Performance Certificate Lot 8 Energy Performance Certificate 9, Main Road Dwelling type: Detached house Langworth Date of assessment: 25 March 2010 LINCOLN Date of certificate: 25 Mar 2010 LN3 5BJ Reference number: Type of assessment: RdSAP, existing dwelling Total floor area: 153 m² This home's performance is rated in terms of the energy use per square metre of floor area, energy efficiency based on fuel costs and environmental impact based on carbon dioxide (CO ² ) emissions. Energy Efficiency Rating Environmental Impact (CO ² ) Rating Current Potential Current Potential Very energy efficient lower running costs Very environmentally friendly lower CO emissions ² Double M Dwelling type: Detached bungalow Pitcher Row Lane Date of assessment: 15 March 2012 Algarkirk Date of certificate: 15 March 2012 BOSTON Reference number: PE20 2LJ Type of assessment: RdSAP, existing dwelling Total floor area: 85 m² This home's performance is rated in terms of the energy use per square metre of floor area, energy efficiency based on fuel costs and environmental impact based on carbon dioxide (CO ² ) emissions. Energy Efficiency Rating Environmental Impact (CO ² ) Rating Current Potential Current Potential Very energy efficient lower running costs Very environmentally friendly lower CO emissions ² Not energy efficient higher running costs Not environmentally friendly higher CO emissions ² England & Wales England & Wales 2002/91/EC 2002/91/EC The energy efficiency rating is a measure of the The environmental impact rating is a measure of a overall efficiency of a home. The higher the rating, home's impact on the environment in terms of carbon the more energy efficient the home is and the lower dioxide (CO ) emissions. The higher the rating, the the fuel bills are likely to be. less impact it has on the environment. Estimated energy use, carbon dioxide (CO ² ) emissions and fuel costs of this home Current Potential Energy use 818 kwh/m² per year 733 kwh/m² per year Carbon dioxide emissions 16 tonnes per year 15 tonnes per year Lighting 181 per year 91 per year Heating 2184 per year 1896 per year Hot water 298 per year 202 per year The figures in the table above have been provided to enable prospective buyers and tenants to compare the fuel costs and carbon emissions of one home with another. To enable this comparison the figures have been calculated using standardised running conditions (heating periods, room temperature, etc.) that are the same for all homes, consequently they are unlikely to match an occupier's actual fuel bills and carbon emissions in practice. The figures do not include the impacts of the fuels used for cooking or running appliances, such as TV, fridge etc.; nor do they reflect the costs associated with service, maintenance or safety inspections. Always check the certificate date because fuel prices can change over time and energy saving recommendations will evolve. To see how this home can achieve its potential rating please see the recommended measures. Not energy efficient higher running costs Not environmentally friendly higher CO emissions ² England & Wales England & Wales 2002/91/EC 2002/91/EC The energy efficiency rating is a measure of the The environmental impact rating is a measure of a overall efficiency of a home. The higher the rating, home's impact on the environment in terms of carbon the more energy efficient the home is and the lower dioxide (CO ) emissions. The higher the rating, the the fuel bills are likely to be. less impact it has on the environment. Estimated energy use, carbon dioxide (CO ² ) emissions and fuel costs of this home Current Potential Energy use 230 kwh/m² per year 224 kwh/m² per year Carbon dioxide emissions 4.6 tonnes per year 4.5 tonnes per year Lighting 82 per year 50 per year Heating 652 per year 658 per year Hot water 148 per year 148 per year The figures in the table above have been provided to enable prospective buyers and tenants to compare the fuel costs and carbon emissions of one home with another. To enable this comparison the figures have been calculated using standardised running conditions (heating periods, room temperature, etc.) that are the same for all homes, consequently they are unlikely to match an occupier's actual fuel bills and carbon emissions in practice. The figures do not include the impacts of the fuels used for cooking or running appliances, such as TV, fridge etc.; nor do they reflect the costs associated with service, maintenance or safety inspections. Always check the certificate date because fuel prices can change over time and energy saving recommendations will evolve. Remember to look for the energy saving recommended logo when buying energy efficient products. It's a quick and easy way to identify the most energy efficient products on the market. Remember to look for the Energy Saving Trust Recommended logo when buying energy efficient products. It's a quick and easy way to identify the most energy efficient products on the market. This EPC and recommendations report may be given to the Energy Saving Trust to provide you with information on improving your dwelling s energy performance. This EPC and recommendations report may be given to the Energy Saving Trust to provide you with information on improving your dwelling s energy performance.

25 Energy Performance Certificate Lot 9 Energy Performance Certificate Lot 10 9, Sudbrooke Road Scothern LINCOLN LN2 2UX Dwelling type: Mid-terrace house Date of assessment: 15 March 2008 Date of certificate: 15 March 2008 Reference number: Total floor area: 43 m² This home's performance is rated in terms of the energy use per square metre of floor area, energy efficiency based on fuel costs and environmental impact based on carbon dioxide (CO ² ) emissions. Energy Efficiency Rating Environmental Impact (CO ² ) Rating Current Potential Current Potential Very energy efficient - lower running costs Very environmentally friendly - lower CO ² emissions Not energy efficient - higher running costs England & Wales 2002/91/EC The energy efficiency rating is a measure of the overall efficiency of a home. The higher the rating, the more energy efficient the home is and the lower the fuel bills will be. Not environmentally friendly - higher CO ² emissions England & Wales 2002/91/EC The environmental impact rating is a measure of a home's impact on the environment in terms of carbon dioxide (CO ² ) emissions. The higher the rating, the less impact it has on the environment. Estimated energy use, carbon dioxide (CO ² ) emissions and fuel costs of this home Current Potential Energy use 628 kwh/m² per year 579 kwh/m² per year Carbon dioxide emissions 4.4 tonnes per year 4.1 tonnes per year Lighting 34 per year 20 per year Heating 533 per year 551 per year Hot water 219 per year 150 per year Based on standardised assumptions about occupancy, heating patterns and geographical location, the above table provides an indication of how much it will cost to provide lighting, heating and hot water to this home. The fuel costs only take into account the cost of fuel and not any associated service, maintenance or safety inspection. This certificate has been provided for comparative purposes only and enables one home to be compared with another. Always check the date the certificate was issued, because fuel prices can increase over time and energy saving recommendations will evolve. To see how this home can achieve its potential rating please see the recommended measures. Remember to look for the energy saving recommended logo when buying energy efficient products. It's a quick and easy way to identify the most energy efficient products on the market. Lot 11 For advice on how to take action and to find out about offers available to help make your home more energy efficient call or visit Energy Performance Certificate 11, Station Street Donington SPALDING PE11 4UQ Dwelling type: Detached house Date of assessment: 22 June 2011 Date of certificate: 22 June 2011 Reference number: Type of assessment: RdSAP, existing dwelling Total floor area: 56 m² This home s performance is rated in terms of the energy use per square metre of floor area, energy efficiency based on fuel costs and environmental impact based on carbon dioxide (CO ) emissions. 2 Energy Efficiency Rating Environmental Impact (CO 2) Rating Lot 13 Energy Performance Certificate 25, Lindholme Road Dwelling type: Semi detached house LINCOLN Date of assessment: 09 February 2012 LN6 3RQ Date of certificate: 09 February 2012 Reference number: Type of assessment: RdSAP, existing dwelling Total floor area: 91 m² This home's performance is rated in terms of the energy use per square metre of floor area, energy efficiency based on fuel costs and environmental impact based on carbon dioxide (CO ² ) emissions. Energy Efficiency Rating Environmental Impact (CO ² ) Rating Current Potential Current Potential Very energy efficient lower running costs Very environmentally friendly lower CO emissions ² The energy efficiency rating is a measure of the The environmental impact rating is a measure of a overall efficiency of a home. The higher the rating home s impact on the environment in terms of the more energy efficient the home is and the lower carbon dioxide (CO2) emissions. The higher the the fuel bills are likely to be. rating the less impact it has on the environment. Estimated energy use, carbon dioxide (CO 2) emissions and fuel costs of this home Not energy efficient higher running costs England & Wales 2002/91/EC The energy efficiency rating is a measure of the overall efficiency of a home. The higher the rating, the more energy efficient the home is and the lower the fuel bills are likely to be. Not environmentally friendly higher CO emissions ² England & Wales 2002/91/EC The environmental impact rating is a measure of a home's impact on the environment in terms of carbon dioxide (CO ) emissions. The higher the rating, the less impact it has on the environment. Current Potential Energy use 280 kwh/m² per year 233 kwh/m² per year Carbon dioxide emissions 3.0 tonnes per year 2.5 tonnes per year Lighting 36 per year 36 per year Heating 508 per year 443 per year Hot water 88 per year 70 per year You could save up to 84 per year The figures in the table above have been provided to enable prospective buyers and tenants to compare the fuel costs and carbon emissions of one home with another. To enable this comparison the figures have been calculated using standardised running conditions (heating periods, room temperatures, etc.) that are the same for all homes, consequently they are unlikely to match an occupier's actual fuel bills and carbon emissions in practice. The figures do not include the impacts of the fuels used for cooking or running appliances, such as TV, fridge etc.; nor do they reflect the costs associated with service, maintenance or safety inspections. Always check the certificate date because fuel prices can change over time and energy saving recommendations will evolve. Remember to look for the Energy Saving Trust Recommended logo when buying energy-efficient products. It s a quick and easy way to identify the most energy-efficient products on the market. This EPC and recommendations report may be given to the Energy Saving Trust to provide you with information on improving your dwelling s energy performance. Page 1 of 6 Estimated energy use, carbon dioxide (CO ² ) emissions and fuel costs of this home Current Potential Energy use 228 kwh/m² per year 191 kwh/m² per year Carbon dioxide emissions 4.0 tonnes per year 3.3 tonnes per year Lighting 79 per year 53 per year Heating 620 per year 546 per year Hot water 130 per year 112 per year You could save up to 120 per year The figures in the table above have been provided to enable prospective buyers and tenants to compare the fuel costs and carbon emissions of one home with another. To enable this comparison the figures have been calculated using standardised running conditions (heating periods, room temperature, etc.) that are the same for all homes, consequently they are unlikely to match an occupier's actual fuel bills and carbon emissions in practice. The figures do not include the impacts of the fuels used for cooking or running appliances, such as TV, fridge etc.; nor do they reflect the costs associated with service, maintenance or safety inspections. Always check the certificate date because fuel prices can change over time and energy saving recommendations will evolve. Remember to look for the Energy Saving Trust Recommended logo when buying energy efficient products. It's a quick and easy way to identify the most energy efficient products on the market. This EPC and recommendations report may be given to the Energy Saving Trust to provide you with information on improving your dwelling s energy performance.

26 Energy Performance Certificate Lot 14 Lot 15 Energy Performance Certificate 33, Peterborough Way SLEAFORD NG34 8TW Dwelling type: Detached house Date of assessment: 06 June 2011 Date of certificate: 06 June 2011 Reference number: Type of assessment: RdSAP, existing dwelling Total floor area: 123 m² This home's performance is rated in terms of the energy use per square metre of floor area, energy efficiency based on fuel costs and environmental impact based on carbon dioxide (CO ² ) emissions. Energy Efficiency Rating Environmental Impact (CO ² ) Rating Very energy efficient lower running costs Current Potential Very environmentally friendly lower CO ² emissions Current Potential Not energy efficient higher running costs Not environmentally friendly higher CO emissions ² England & Wales England & Wales 2002/91/EC 2002/91/EC The energy efficiency rating is a measure of the The environmental impact rating is a measure of a overall efficiency of a home. The higher the rating, home's impact on the environment in terms of carbon the more energy efficient the home is and the lower dioxide (CO ) emissions. The higher the rating, the the fuel bills are likely to be. less impact it has on the environment. Estimated energy use, carbon dioxide (CO ² ) emissions and fuel costs of this home Current Potential Energy use 268 kwh/m² per year 191 kwh/m² per year Carbon dioxide emissions 6.4 tonnes per year 4.6 tonnes per year Lighting 109 per year 62 per year Heating 941 per year 718 per year Hot water 164 per year 118 per year EPC unavailable at time of print. Please contact office for further details You could save up to 316 per year The figures in the table above have been provided to enable prospective buyers and tenants to compare the fuel costs and carbon emissions of one home with another. To enable this comparison the figures have been calculated using standardised running conditions (heating periods, room temperature, etc.) that are the same for all homes, consequently they are unlikely to match an occupier's actual fuel bills and carbon emissions in practice. The figures do not include the impacts of the fuels used for cooking or running appliances, such as TV, fridge etc.; nor do they reflect the costs associated with service, maintenance or safety inspections. Always check the certificate date because fuel prices can change over time and energy saving recommendations will evolve. Remember to look for the Energy Saving Trust Recommended logo when buying energy efficient products. It's a quick and easy way to identify the most energy efficient products on the market. This EPC and recommendations report may be given to the Energy Saving Trust to provide you with information on improving your dwelling s energy performance. Lot 16 Lot 17 Energy Performance Certificate 92, Willoughby Road BOSTON PE21 9HN Dwelling type: Detached bungalow Date of assessment: 14 November 2011 Date of certificate: 15 November 2011 Reference number: Type of assessment: RdSAP, existing dwelling Total floor area: 80 m² This home's performance is rated in terms of the energy use per square metre of floor area, energy efficiency based on fuel costs and environmental impact based on carbon dioxide (CO ² ) emissions. Energy Efficiency Rating Environmental Impact (CO ² ) Rating Very energy efficient lower running costs Current Potential Very environmentally friendly lower CO ² emissions Current Potential EPC unavailable at time of print. Please contact office for further details Not energy efficient higher running costs Not environmentally friendly higher CO emissions ² England & Wales England & Wales 2002/91/EC 2002/91/EC The energy efficiency rating is a measure of the The environmental impact rating is a measure of a overall efficiency of a home. The higher the rating, home's impact on the environment in terms of carbon the more energy efficient the home is and the lower dioxide (CO ) emissions. The higher the rating, the the fuel bills are likely to be. less impact it has on the environment. Estimated energy use, carbon dioxide (CO ² ) emissions and fuel costs of this home Current Potential Energy use 602 kwh/m² per year 247 kwh/m² per year Carbon dioxide emissions 9.3 tonnes per year 3.8 tonnes per year Lighting 65 per year 43 per year Heating 1,122 per year 631 per year Hot water 553 per year 110 per year You could save up to 954 per year The figures in the table above have been provided to enable prospective buyers and tenants to compare the fuel costs and carbon emissions of one home with another. To enable this comparison the figures have been calculated using standardised running conditions (heating periods, room temperature, etc.) that are the same for all homes, consequently they are unlikely to match an occupier's actual fuel bills and carbon emissions in practice. The figures do not include the impacts of the fuels used for cooking or running appliances, such as TV, fridge etc.; nor do they reflect the costs associated with service, maintenance or safety inspections. Always check the certificate date because fuel prices can change over time and energy saving recommendations will evolve. Remember to look for the Energy Saving Trust Recommended logo when buying energy efficient products. It's a quick and easy way to identify the most energy efficient products on the market. This EPC and recommendations report may be given to the Energy Saving Trust to provide you with information on improving your dwelling s energy performance.

27 Energy Performance Certificate Lot 18 Lot 20 Energy Performance Certificate 7, Poplar Grove Dwelling type: Detached bungalow Forest Town Date of assessment: 10 November 2011 MANSFIELD Date of certificate: 11 November 2011 NG19 0HW Reference number: Type of assessment: RdSAP, existing dwelling Total floor area: 84 m 2 This home's performance is rated in terms of the energy use per square metre of floor area, energy efficiency based on fuel costs and environmental impact based on carbon dioxide (CO 2) emissions. Energy Efficiency Rating Environmental Impact (CO 2) Rating EPC unavailable at time of print. Please contact office for further details Very energy efficient - lower running costs (92 plus) (81-91) (69-80) (55-68) (39-54) (21-38) (1-20) Not energy efficient - higher running costs Current Potential A B C D 66 E F 25 G England & Wales 2002/91/EC The energy efficiency rating is a measure of the overall efficiency of a home. The higher the rating the more energy efficient the home is and the lower the fuel bills are likely to be. Very environmentally friendly - lower CO 2emissions (92 plus) (81-91) (69-80) (55-68) (39-54) (21-38) Current Potential A B C D 63 E F 24 G (1-20) Not environmentally friendly - higher CO 2emissions England & Wales 2002/91/EC The environmental impact rating is a measure of a home's impact on the environment in terms of carbon dioxide (CO 2) emissions. The higher the rating the less impact it has on the environment. Estimated energy use, carbon dioxide (CO 2) emissions and fuel costs of this home Current Potential kwh/m2per year Energy use 571 kwh/m2per year 218 Carbon dioxide emissions 9.2 tonnes per year 3.5 tonnes per year Lighting 79 per year 45 per year Heating 1090 per year 575 per year Hot water 556 per year 114 per year You could save up to 993 per year The figures in the table above have been provided to enable prospective buyers and tenants to compare the fuel costs and carbon emissions of one home with another. To enable this comparison the figures have been calculated using standardised running conditions (heating periods, room temperatures, etc.) that are the same for all homes, consequently they are unlikely to match an occupier's actual fuel bills and carbon emissions in practice. The figures do not include the impacts of the fuels used for cooking or running appliances, such as TV, fridge etc.; nor do they reflect the costs associated with service, maintenance or safety inspections. Always check the certificate date because fuel prices can change over time and energy saving recommendations will evolve. Remember to look for the Energy Saving Trust Recommended logo when buying energy-efficient products. It's a quick and easy way to identify the most energy-efficient products on the market. This EPC and recommendations report may be given to the Energy Saving Trust to provide you with information on improving your dwelling's energy performance. Lot 21 Page 1 of 6 Energy Performance Certificate 115, Clipstone Road East, Dwelling type: Semi-detached house Forest Town, Date of assessment: 15 September 2010 MANSFIELD, Date of certificate: 15 September 2010 Reference number: NG19 0HT Type of assessment: RdSAP, existing dwelling Total floor area: 69 m² This home's performance is rated in terms of the energy use per square metre of floor area, energy efficiency based on fuel costs and environmental impact based on carbon dioxide (CO2) emissions. Energy Efficiency Rating Environmental Impact (CO2) Rating Current Potential Current Potential Very energy efficient - lower running costs (92 plus) Very environmentally friendly - lower CO2 emissions (92 plus) (81-91) (81-91) (69-80) (69-80) (55-68) (55-68) (39-54) (39-54) (21-38) (21-38) (1-20) Not energy efficient - higher running costs England & Wales 2002/91/EC The energy efficiency rating is a measure of the overall efficiency of a home. The higher the rating the more energy efficient the home is and the lower the fuel bills are likely to be. (1-20) Not environmentally friendly - higher CO2 emissions England & Wales 2002/91/EC The environmental impact rating is a measure of this home s impact on the environment in terms of Carbon dioxide (CO2) emissions. The higher the rating the less impact it has on the environment. Estimated energy use, carbon dioxide (CO2) emissions and fuel costs of this home Energy use Carbon dioxide emissions Lighting Heating Hot water Current Potential 230 kwh/m² per year 212 kwh/m² per year 2.6 tonnes per year 2.4 tonnes per year 68 per year 36 per year 438 per year 425 per year 70 per year 70 per year The figures in the table above have been provided to enable prospective buyers and tenants to compare the fuel costs and carbon emissions of one home with another. To enable this comparison the figures have been calculated using standardised running conditions (heating periods, room temperatures, etc.) that are the same for all homes, consequently they are unlikely to match an occupier's actual fuel bills and carbon emissions in practice. The figures do not include the impacts of the fuels used for cooking or running appliances, such as TV, fridge etc.; nor do they reflect the costs associated with service, maintenance or safety inspections. Always check the certificate date because fuel prices can change over time and energy saving recommendations will evolve. To see how this home can achieve its potential rating please see the recommended measures. Remember to look for the energy saving recommended logo when buying energy-efficient products. It s a quick and easy way to identify the most energy-efficient products on the market. This EPC and recommendations report may be given to the Energy Saving Trust to provide you with information on improving your dwelling s energy performance.

28 Conditional Auction Terms & Conditions On the Auctioneer receiving an acceptable bid or when an offer is accepted pre or post auction, the following terms and conditions apply: The Buyer and Seller agree to use their best endeavours to proceed to a formal exchange of legal contracts within 28 days. The time limit will expire at hours on the 28th day following the date of the auction or acceptance of an offer if sold pre or post auction. A non-refundable reservation fee and/or arrangement fee of 5% subject to a minimum of 5000 plus VAT must be paid by the Buyer immediately following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the Auctioneer who will issue an Acknowledgement of Reservation. Following the auction and in the 28 day period following the auction or acceptance of the offer (whichever is the later), the Seller agrees as follows:- (i) (ii) (iii) (iv) (v) (vi) To immediately instruct Solicitors to issue the Contract for Sale and accompanying papers to the Buyer s Solicitors and to answer promptly all enquiries raised, respond promptly to any amendments to the Contract for Sale and to do all other work reasonably required to enable Contracts for the sale to be exchanged within the 28 day period. To supply the Seller s Solicitors with all documentation, information and authority to enable the Seller s Solicitors to draft and negotiate the Contract for Sale and do all the work necessary to enable Contacts to be exchanged within the 28 day period. To give access to the Property as may reasonably be required by any surveyor or valuer appointed by the Buyer or the Mortgagee for the purpose of surveying and/or valuing the Property. Not to send, instruct or allow anyone else to send any Sale Contract or details of the title of the Property to anyone other than the Buyer s Solicitors. Not to give access to any other person to view the Property nor to negotiate or agree with anyone other than the Buyer any terms for sale of the Property. The Buyer undertakes within two days following the auction or acceptance of the offer. a) b) c) (vii) a) b) c) d) e) If the Buyer shall require a mortgage loan in connection with the purchase of the Property, he or she shall apply to such building society, bank or other prospective lender ( the Mortgagee ) as may reasonably be expected to lend the required loan to the Buyer and the Buyer shall complete such application forms and pay such fees as the Mortgagee shall require in order to process the Buyer s application as soon as possible If the Buyer or Mortgagee shall require the Property to be surveyed and/or valued, the Buyer will use all reasonable endeavours to arrange for the survey and/or valuation inspection to take place as soon as reasonably practicable. To instruct Solicitors to investigate title to the property, negotiate the draft Contract for Sale, raise enquiries of the Seller and any third parties about the Property and do any other work required to enable Contracts to be exchanged within the 28 day period. It is hereby agreed between the parties as follows: The Seller has entered into the Agreement because the Buyer has given certain commitments as herein mentioned, if the Buyer fails to comply with them strictly in accordance with the timetable this Agreement shall immediately lapse. If the Buyer decides not to proceed with the transaction as negotiated he or she shall immediately inform the Seller whereupon this Agreement will lapse. In this event, any reservation fee is deemed non refundable. If the Seller decides not to proceed with the transaction as negotiated, he or she shall immediately inform the Buyer whereupon this Agreement will lapse and any reservation fee or arrangement fee paid by the Buyer to the Auctioneer will be reimbursed to the Buyer. This Agreement is an independent Contract and does not bind the Seller or the Buyer to the transaction. The Seller and the Buyer are entering into this Agreement in good faith and relying on its terms. 28

29 Unconditional Auction Terms & Conditions The general conditions (including any extra general conditions) apply to the contract except to the extent that they are varied by special conditions or by an addendum. G1. The lot G1.1 The lot (including any rights to be granted or reserved, and any exclusions from it) is described in the special conditions, or if not so described the lot is that referredto in the sale memorandum. G1.2 The lot is sold subject to any tenancies disclosed bythe special conditions, but otherwise with vacant possession on completion. G1.3 The lot is sold subject to all matters contained or referred to in the documents, but excluding any financial charges: these the seller must discharge on or before completion. G1.4 The lot is also sold subject to such of the following as may affect it, whether they arise before or after the contract date and whether or not they are disclosed by the seller or are apparent from inspection of the lot or from the documents: (a) matters registered or capable of registration as local and charges; (b) matters registered or capable of registration by any competent authority or under the provisions of any statute; (c) notices, orders, demands, proposals and requirements of any competent authority; (d) charges, notices, orders, restrictions, agreements and other matters relating to town and country planning, highways or public health; (e) rights, easements, quasieasements, and wayleaves; (f) outgoings and other liabilities; (g) any interest which overrides, within the meaning of the Land Registration Act 2002; (h) matters that ought to be disclosed by the searches and enquiries a prudent buyer would make, whether or not the buyer has made them; and (i) anything the seller does not and could not reasonably know about. G1.5 Where anything subject to which the lot is sold would expose the seller to liability the buyer is to comply with it and indemnify the seller against that liability. G1.6 The seller must notify the buyer of any notices,orders, demands, proposals and requirements of any competent authority of which it learns after the contract date but the buyer must comply with them and keep the seller indemnified. G1.7 The lot does not include any tenant s or trade fixtures or fittings. G1.8 Where chattels are included in the lot the buyer takes them as they are at completion and the seller is not liable if they are not fit for use. G1.9 The buyer buys with full knowledge of: (a) the documents, whether or not the buyer has read them; and (b) the physical condition of the lot and what could reasonably be discovered on inspection of it, whether or not the buyer has inspected it. G1.10 The buyer is not to rely on the information contained in the particulars but may rely on the seller s conveyancer s written replies to preliminary enquiries to the extent stated in those replies. G2. Deposit G2.1 The amount of the deposit is the greater of: (a) any minimum deposit stated in the auction conduct conditions (or the total price, if this is less than that minimum); and (b) 10% of the price (exclusive of any VAT on the price). G2.2 The deposit (a) must be paid in pounds sterling by cheque or banker s draft drawn on an approved financial institution (or by any other means of payment that the auctioneers may accept); and (b) is to be held as stakeholder unless the auction conduct conditions provide that it is to be held as agent for the seller. G2.3 Where the auctioneers hold the deposit as stakeholder they are authorised to release it (and interest on it if applicable) to the seller on completion or, if completion does not take place, to the person entitled to it under the sale conditions. G2.4 If a cheque for all or part of the deposit is not cleared on first presentation the seller may treat the contract as at an end and bring a claim against the buyer for breach of contract. G2.5 Interest earned on the deposit belongs to the seller unless the sale conditions provide otherwise. G3. Between contract and completion G3.1 Unless the special conditions state otherwise, the seller is to insure the lot from and including the contract date to completion and: (a) produce to the buyer on request all relevant insurance details; (b) pay the premiums when due; (c) if the buyer so requests, and pays any additional premium, use reasonable endeavours to increase the sum insured or make other changes to the policy; (d) at the request of the buyer use reasonable endeavours to have the buyer s interest noted on the policy if it does not cover a contracting purchaser; (e) unless otherwise agreed, cancel the insurance at completion, apply for a refund of premium and (subject to the rights of any tenant or other third party) pay that refund to the buyer; and (f) (subject to the rights of any tenant or other third party) hold on trust for the buyer any insurance payments that the seller receives in respect of loss or damage arising after the contract date or assign to the buyer the benefit of any claim; and the buyer must on completion reimburse to the seller the cost of that insurance (to the extent not already paid by the buyer or a tenant or other third party) for the period from and including the contract date to completion. 29

30 Unconditional Auction Terms & Conditions G3.2 No damage to or destruction of the lot nor any deterioration in its condition, however caused, entitles the buyer to any reduction in price, or to delay completion, or to refuse to complete. G3.3 Section 47 of the Law of Property Act 1925 does not apply. G3.4 Unless the buyer is already lawfully in occupation of the lot the buyer has no right to enter into occupation prior to completion. G4. Title and identity G4.1 Unless condition G4.2 applies, the buyer accepts the title of the seller to the lot as at the contract date and may raise no requisition or objection except in relation to any matter that occurs after the contract date. G4.2 If any of the documents is not made available before the auction the following provisions apply: (a) The buyer may raise no requisition on or objection to any of the documents that is made available before the auction. (b) If the lot is registered land the seller is to give to the buyer within five business days of the contract date an official copy of the entries on the register and title plan and, where noted on the register, of all documents subject to which the lot is being sold. (c) If the lot is not registered land the seller is to give to the buyer within five business days an abstract or epitome of title starting from the root of title mentioned in the special conditions (or, if none is mentioned, a good root of title more than fifteen years old) and must produce to the buyer the original or an examined copy of every relevant document. (d) If title is in the course of registration, title is to consist of certified copies of: (i) the application for registration of title made to the land registry; (ii) the documents accompanying that application; (iii) evidence that all applicable stamp duty land tax relating to that application has been paid; and (iv) a letter under which the seller or its conveyancer agrees to use all reasonable endeavours toanswer any requisitions raised by the land registry and to instruct the land registry to send the completed registration documents to the buyer. (e) The buyer has no right to object to or make requisitions on any title information more than seven business days after that information has been given to the buyer. G4.3 Unless otherwise stated in the special conditions the seller sells with full title guarantee except that (and the transfer shall so provide): (a) the covenant set out in section 3 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to matters recorded in registers open to public inspection; these are to be treated as within the actual knowledge of the buyer; and (b) the covenant set out in section 4 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to any condition or tenant s obligation relating to the state or condition of the lot where the lot is leasehold property. G4.4 The transfer is to have effect as if expressly subject to all matters subject to which the lot is sold under the contract. superior title even if it is referred to in the documents. G4.6 The seller (and, if relevant, the buyer) must produce to each other such confirmation of, or evidence of, their identity and that of their mortgagees and attorneys (if any) as is necessary for the other to be able to comply with applicable Land Registry Rules when making application for registration of the transaction to which the conditions apply. G5. Transfer G5.1 Unless a form of transfer is prescribed by the special conditions: (a) the buyer must supply a draft transfer to the seller at least ten business days before the agreed completion date and the engrossment (signed as a deed by the buyer if condition G5.2 applies) five business days before that date or (if later) two business days after the draft has been approved by the seller; and (b) the seller must approve or revise the draft transferwithin five business days of receiving it from the buyer. G5.2 If the seller remains liable in any respect in relation to the lot (or a tenancy) following completion the buyer is specifically to covenant in the transfer to indemnify the seller against that liability. G5.3 The seller cannot be required to transfer the lot to anyone other than the buyer, or by more than one transfer. G6. Completion G6.1 Completion is to take place at the offices of the seller sconveyancer, or where the seller may reasonably require, on the agreed completion date. The seller can only be required to complete on a business day and between the hours of 0930 and G6.2 The amount payable on completion is the balance of the price adjusted to take account of apportionments plus (if applicable) VAT and interest. G6.3 Payment is to be made in pounds sterling and only by: (a) direct transfer to the seller s conveyancer s client account; and (b) the release of any deposit held by a stakeholder. G6.4 Unless the seller and the buyer otherwise agree,completion cannot take place until both have complied with their obligations under the contract and the balance of the price is unconditionally received in the seller s conveyancer s client account. G6.5 If completion takes place after 1400 hours for a reason other than the seller s default it is to be treated, for the purposes of apportionment and calculating interest, as if it had taken place on the next business day. G6.6 Where applicable the contract remains in force following completion. 30 G4.5 The seller does not have to produce, nor may the buyer object to or make a requisition in relation to, any prior or

31 Unconditional Auction Terms & Conditions G7. Notice to complete G7.1 The seller or the buyer may on or after the agreed completion date but before completion give the other notice to complete within ten business days (excluding the date on which the notice is given) making time ofthe essence. G7.2 The person giving the notice must be ready to complete. G7.3 If the buyer fails to comply with a notice to complete the seller may, without affecting any other remedy the seller has: (a) terminate the contract; (b) claim the deposit and any interest on it if held by a stakeholder; (c) forfeit the deposit and any interest on it; (d) resell the lot; and (e) claim damages from the buyer. G7.4 If the seller fails to comply with a notice to complete the buyer may, without affecting any other remedy the buyer has: (a) terminate the contract; and (b) recover the deposit and any interest on it from theseller or, if applicable, a stakeholder. G8. If the contract is brought to an end If the contract is lawfully brought to an end: (a) the buyer must return all papers to the seller and appoints the seller its agent to cancel any registration of the contract; and (b) the seller must return the deposit and any interest on it to the buyer (and the buyer may claim it from the stakeholder, if applicable) unless the seller is entitled to forfeit the deposit under condition G7.3. G9. Landlord s licence G9.1 Where the lot is or includes leasehold land and licence to assign is required this condition G9 applies. G9.2 The contract is conditional on that licence being obtained, by way of formal licence if that is what the landlord lawfully requires. G9.3 The agreed completion date is not to be earlier than the date five business days after the seller has given notice to the buyer that licence has been obtained. G9.4 The seller must: (a) use all reasonable endeavours to obtain the licence at the seller s expense; and (b) enter into any authorised guarantee agreement properly required. G9.5 The buyer must: (a) promptly provide references and other relevant information; and (b) comply with the landlord s lawful requirements. G9.6 If within three months of the contract date (or such longer period as the seller and buyer agree) the licence has not been obtained the seller or the buyer may (if not then in breach of any obligation under this condition G9) by notice to the other terminate the contract at any time before licence is obtained. That termination is without prejudice to the claims of either seller or buyer for breach of this condition G9. G10. Interest and apportionments G10.1 If the actual completion date is after the agreed completion date for any reason other than the seller s default the buyer must pay interest at the interest rate on the price (less any deposit paid) from the agreed completion date up to and including the actual completion date. G10.2 Subject to condition G11 the seller is not obliged to apportion or account for any sum at completion unless the seller has received that sum in cleared funds. The seller must pay to the buyer after completion any sum to which the buyer is entitled that the seller subsequently receives in cleared funds. G10.3 Income and outgoings are to be apportioned at actual completion date unless: (a) the buyer is liable to pay interest; and (b) the seller has given notice to the buyer at any time up to completion requiring apportionment on the date from which interest becomes payable by the buyer; in which event income and outgoings are to be apportioned on the date from which interest becomes payable by the buyer. G10.4 Apportionments are to be calculated on the basis that: (a) the seller receives income and is liable for outgoings for the whole of the day on which apportionment is to be made; (b) annual income and expenditure accrues at an equal daily rate assuming 365 days in a year, and income and expenditure relating to some other period accrues at an equal daily rate during the period to which it relates; and (c) where the amount to be apportioned is not known at completion apportionment is to be made by reference toa reasonable estimate and further payment is to be made by seller or buyer as appropriate within five business days of the date when the amount is known. G11. Arrears Part 1 Current rent G11.1 Current rent means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months preceding completion. G11.2 If on completion there are any arrears of current rent the buyer must pay them, whether or not details of those arrears are given in the special conditions. G11.3 Parts 2 and 3 of this condition G11 do not apply to arrears of current rent. Part 2 Buyer to pay for arrears G11.4 Part 2 of this condition G11 applies where the special conditions give details of arrears. G11.5 The buyer is on completion to pay, in addition to any other money then due, an amount equal to all arrearsof which details are set out in the special conditions. G11.6 If those arrears are not old arrears the seller is to assign to the buyer all rights that the seller has to recover those arrears. 31

32 Unconditional Auction Terms & Conditions Part 3 Buyer not to pay for arrears G11.7 Part 3 of this condition G11 applies where the special conditions: (a) so state; or (b) give no details of any arrears. G11.8 While any arrears due to the seller remain unpaid the buyer must: (a) try to collect them in the ordinary course of management but need not take legal proceedings or forfeit the tenancy; (b) pay them to the seller within five business days of receipt in cleared funds (plus interest at the interest rate calculated on a daily basis for each subsequent day s delay in payment); (c) on request, at the cost of the seller, assign to the seller or as the seller may direct the right to demand and sue for old arrears, such assignment to be in such form as the seller s conveyancer may reasonably require; (d) if reasonably required, allow the seller s conveyancer to have on loan the counterpart of any tenancy against an undertaking to hold it to the buyer s order; (e) not without the consent of the seller release any tenant or surety from liability to pay arrears or accept a surrender of or forfeit any tenancy under which arrears are due; and (f) if the buyer disposes of the lot prior to recovery of all arrears obtain from the buyer s successor in titlea covenant in favour of the seller in similar form to part 3 of this condition G11. G11.9 Where the seller has the right to recover arrears it must not without the buyer s written consent bring insolvency proceedings against a tenant or seek the removal of goods from the lot. G12. Management G12.1 This condition G12 applies where the lot is sold subject to tenancies. G12.2 The seller is to manage the lot in accordance with its standard management policies pending completion. G12.3 The seller must consult the buyer on all management issues that would affect the buyer after completion(such as, but not limited to, an application for licence; a rent review; a variation, surrender, agreement to surrender or proposed forfeiture of a tenancy; or a new tenancy or agreement to grant a new tenancy) and: (a) the seller must comply with the buyer s reasonablerequirements unless to do so would (but for the indemnity in paragraph (c)) expose the seller to a liability that the seller would not otherwise have, in which case the seller may act reasonably in such a way as to avoid that liability; (b) if the seller gives the buyer notice of the seller sintended act and the buyer does not object within five business days giving reasons for the objection the seller may act as the seller intends; and (c) the buyer is to indemnify the seller against all loss or liability the seller incurs through acting as the buyerrequires, or by reason of delay caused by the buyer. G13. Rent deposits G13.1 This condition G13 applies where the seller is holding or otherwise entitled to money by way of rent deposit in respect of a tenancy. In this condition G13 rent deposit deed means the deed or other document under which the rent deposit is held. G13. 2 If the rent deposit is not assignable the seller must on completion hold the rent deposit on trust for the buyer and, subject to the terms of the rent deposit deed, comply at the cost of the buyer with the buyer s lawful instructions. G13.3 Otherwise the seller must on completion pay and assign its interest in the rent deposit to the buyer under an assignment in which the buyer covenants with the seller to: (a) observe and perform the seller s covenants and conditions in the rent deposit deed and indemnify the seller in respect of any breach; (b) give notice of assignment to the tenant; and (c) give such direct covenant to the tenant as may be required by the rent deposit deed. G14. VAT G14.1 Where a sale condition requires money to be paid or other consideration to be given, the payer must also pay any VAT that is chargeable on that money or consideration, but only if given a valid VAT invoice. G14.2 Where the special conditions state that no VAT option has been made the seller confirms that none has been made by it or by any company in the same VAT group nor will be prior to completion. G15. Transfer as a going concern G15.1 Where the special conditions so state: (a) the seller and the buyer intend, and will take all practicable steps (short of an appeal) to procure, that the sale is treated as a transfer of a going concern; and (b) this condition G15 applies. G15.2 The seller confirms that the seller (a) is registered for VAT, either in the seller s name or as a member of the same VAT group; and (b) has (unless the sale is a standard-rated supply) made in relation to the lot a VAT option that remains valid and will not be revoked before completion. G15.3 The buyer confirms that: (a) it is registered for VAT, either in the buyer s name or as a member of a VAT group; (b) it has made, or will make before completion, a VAT option in relation to the lot and will not revoke it before or within three months after completion; (c) article 5(2B) of the Value Added Tax (Special Provisions) Order 1995 does not apply to it; and (d) it is not buying the lot as a nominee for another person. 32

33 Unconditional Auction Terms & Conditions G15.4 The buyer is to give to the seller as early as possible before the agreed completion date evidence: (a) of the buyer s VAT registration; (b) that the buyer has made a VAT option; and (c) that the VAT option has been notified in writing to HM Revenue and Customs; and if it does not produce the relevant evidence at least two business days before the agreed completion date, condition G14.1 applies at completion. G15.5 The buyer confirms that after completion the buyer intends to: (a) retain and manage the lot for the buyer s own benefit as a continuing business as a going concern subject to and with the benefit of the tenancies; and (b) collect the rents payable under the tenancies and charge VAT on them as a result. G15.6 If, after completion, it is found that the sale of the lot is not a transfer of a going concern then: (a) the seller s conveyancer is to notify the buyer s conveyancer of that finding and provide a VAT invoice in respect of the sale of the lot; (b) the buyer must within five business days of receipt of the VAT invoice pay to the seller the VAT due; and (c) if VAT is payable because the buyer has not complied with this condition G15, the buyer must pay and indemnify the seller against all costs, interest, penalties or surcharges that the seller incurs as a result. G16. Capital allowances G16.1 This condition G16 applies where the special conditions state that there are capital allowances available in respect of the lot. G16.2 The seller is promptly to supply to the buyer all information reasonably required by the buyer in connection with the buyer s claim for capital allowances. G16.3 The value to be attributed to those items on which capital allowances may be claimed is set out in thespecial conditions. G16.4 The seller and buyer agree: (a) to make an election on completion under Section 198 of the Capital Allowances Act 2001 to give effect to this condition G16; and (b) to submit the value specified in the special conditions to HM Revenue and Customs for the purposes of their respective capital allowance computations. G17. Maintenance agreements G17.1 The seller agrees to use reasonable endeavours to transfer to the buyer, at the buyer s cost, the benefitof the maintenance agreements specified in the special conditions. G17.2 The buyer must assume, and indemnify the seller in respect of, all liability under such contracts from the actual completion date. G18. Landlord and Tenant Act 1987 G18.1 This condition G18 applies where the sale is a relevant disposal for the purposes of part I of the Landlord and Tenant Act qualifying tenants has not accepted the offer. G19. Sale by practitioner G19.1 This condition G19 applies where the sale is by a practitioner either as seller or as agent of the seller. G19.2 The practitioner has been duly appointed and is empowered to sell the lot. G19.3 Neither the practitioner nor the firm or any member of the firm to which the practitioner belongs has any personal liability in connection with the sale or the performance of the seller s obligations. The transfer is to include a declaration excluding that personal liability. G19.4 The lot is sold: (a) in its condition at completion; (b) for such title as the seller may have; and (c) with no title guarantee; and the buyer has no right to terminate the contract or any other remedy if information provided about the lot is inaccurate, incomplete or missing. G19.5 Where relevant: (a) the documents must include certified copies of those under which the practitioner is appointed, the document of appointment and the practitioner s acceptance of appointment; and (b) the seller may require the transfer to be by the lender exercising its power of sale under the Law of Property Act G19.6 The buyer understands this condition G19 and agrees that it is fair in the circumstances of a sale by a practitioner. G20. TUPE G20.1 If the special conditions state There are no employees to which TUPE applies, this is a warranty by the seller to this effect. G20.2 If the special conditions do not state There are no employees to which TUPE applies the following paragraphs apply: (a) The seller must notify the buyer of those employees whose contracts of employment will transfer to the buyer on completion (the Transferring Employees ). This notification must be given to the buyer not less than 14 days before completion. (b) The buyer confirms that it will comply with its obligations under TUPE and any special conditions in respect of the Transferring Employees. (c) The buyer and the seller acknowledge that pursuant and subject to TUPE, the contracts of employment between the Transferring Employees and the seller will transfer to the buyer on completion. (d) The buyer is to keep the seller indemnified against all liability for the Transferring Employees after completion. G21. Environmental G21.1 This condition G21 only applies where the special conditions so provide. G18.2 The seller warrants that the seller has complied with sections 5B and 7 of that Act and that the requisite majority of 33

34 Unconditional Auction Terms & Conditions 34 G21.2 The seller has made available such reports as the seller has as to the environmental condition of the lot and has given the buyer the opportunity to carry out investigations (whether or not the buyer has read those reports or carried out any investigation) and the buyer admits that the price takes into account the environmental condition of the lot. G21.3 The buyer agrees to indemnify the seller in respect of all liability for or resulting from the environmental condition of the lot. G22. Service Charge G22.1 This condition G22 applies where the lot is sold subject to tenancies that include service charge provisions. G22.2 No apportionment is to be made at completion in respect of service charges. G22.3 Within two months after completion the seller must provide to the buyer a detailed service charge account for the service charge year current on completion showing: (a) service charge expenditure attributable to each tenancy; (b) payments on account of service charge received from each tenant; (c) any amounts due from a tenant that have not been received; (d) any service charge expenditure that is not attributable to any tenancy and is for that reason irrecoverable. G22.4 In respect of each tenancy, if the service charge account shows that: (a) payments on account (whether received or still then due from a tenant) exceed attributable service charge expenditure, the seller must pay to the buyer an amount equal to the excess when it provides the service charge account; (b) attributable service charge expenditure exceeds payments on account (whether those payments have been received or are still then due), the buyer must use all reasonable endeavours to recover the shortfall from the tenant at the next service charge reconciliation date and pay the amount so recovered to the seller within five business days of receipt in cleared funds; but in respect of payments on account that are still due from a tenant condition G11 (arrears) applies. G22.5 In respect of service charge expenditure that is not attributable to any tenancy the seller must pay the expenditure incurred in respect of the period before actual completion date and the buyer must pay the expenditure incurred in respect of the period after actual completion date. Any necessary monetary adjustment is to be made within five business days of the seller providing the service charge account to the buyer. G22.6 If the seller holds any reserve or sinking fund on account of future service charge expenditure or a depreciation fund: (a) the seller must pay it (including any interest earned on it) to the buyer on completion; and (b) the buyer must covenant with the seller to hold it in accordance with the terms of the tenancies and to indemnify the seller if it does not do so. G23. Rent reviews G23.1 This condition G23 applies where the lot is sold subject to a tenancy under which a rent review due on or before the actual completion date has not been agreed or determined. G23.2 T he seller may continue negotiations or rent review proceedings up to the actual completion date but may not agree the level of the revised rent or commence rent review proceedings without the written consent of the buyer, such consent not to be unreasonably withheld or delayed. G23.3 Following completion the buyer must complete ren review negotiations or proceedings as soon as reasonably practicable but may not agree the level of the revised rent without the written consent of the seller, such consent not to be unreasonably withheld or delayed. G23.3 Following completion the buyer must complete ren review negotiations or proceedings as soon as reasonably practicable but may not agree the level of the revised rent without the written consent of the seller, such consent not to be unreasonably withheld or delayed. G23.4 The seller must promptly: (a) give to the buyer full details of all rent review negotiations and proceedings, including copies of all correspondence and other papers; and (b) use all reasonable endeavours to substitute the buyer for the seller in any rent review proceedings. G23.5 The seller and the buyer are to keep each other informed of the progress of the rent review and have regard to any proposals the other makes in relation to it. G23.6 When the rent review has been agreed or determined the buyer must account to the seller for any increased rent and interest recovered from the tenant that relates to the seller s period of ownership within five business days of receipt of cleared funds. G23.7 If a rent review is agreed or determined before completion but the increased rent and any interest recoverable from the tenant has not been received by completion the increased rent and any interest recoverable is to be treated as arrears. G23.8 The seller and the buyer are to bear their own costs in relation to rent review negotiations and proceedings. G24. Tenancy renewals G24.10 This condition G24 applies where the tenant under a tenancy has the right to remain in occupation under part II of the Landlord and Tenant Act 1954 (as amended) and references to notices and proceedings are to notices and proceedings under that Act. G24.20 Where practicable, without exposing the seller to liability or penalty, the seller must not without the written consent of the buyer (which the buyer must not unreasonably withhold or delay) serve or respond to any notice or begin or continue any proceedings.

35 Unconditional Auction Terms & Conditions G24.30 If the seller receives a notice the seller must send a copy to the buyer within five business days and act as the buyer reasonably directs in relation to it. G24.4 Following completion the buyer must: (a) with the co-operation of the seller take immediate steps to substitute itself as a party to any proceedings; (b) use all reasonable endeavours to conclude any proceedings or negotiations for the renewal of the tenancy and the determination of any interim rent as soon as reasonably practicable at the best rent or rents reasonably obtainable; and (c) if any increased rent is recovered from the tenant (whether as interim rent or under the renewed tenancy) account to the seller for the part of that increase that relates to the seller s period of ownership of the lot within five business days of receipt of cleared funds. G24.5 The seller and the buyer are to bear their own costs in relation to the renewal of the tenancy and any proceedings relating to this. G25. Warranties G25.1 Available warranties are listed in the special conditions. G25.2 Where a warranty is assignable the seller must: (a) on completion assign it to the buyer and give notice of assignment to the person who gave the warranty; and (b) apply for (and the seller and the buyer must use all reasonable endeavours to obtain) any consent to assign that is required. If consent has not been obtained by completion the warranty must be assigned within five business days after the consent has been obtained. (c) join in any representations the seller may properly make to Land Registry relating to the application. G28. Notices and other communications G28.1 All communications, including notices, must be inwriting. Communication to or by the seller or the buyer may be given to or by their conveyancers. G28.2 A communication may be relied on if: (a) delivered by hand; or (b) made electronically and personally acknowledged (automatic acknowledgement does not count); or (c) there is proof that it was sent to the address ofthe person to whom it is to be given (as specified in the sale memorandum) by a postal service that offers normally to deliver mail the next following business day. G28.3 A communication is to be treated as received: (a) when delivered, if delivered by hand; or (b) when personally acknowledged, if made electronically; but if delivered or made after 1700 hours on a business day a communication is to be treated as received on the next business day. G28.4 A communication sent by a postal service that offers normally to deliver mail the next following business day will be treated as received on the second business day after it has been posted. G29. Contracts (Rights of Third Parties) Act 1999 No one is intended to have any benefit under the contract pursuant to the Contract (Rights of Third Parties) Act G25.3 If a warranty is not assignable the seller must after completion: (a) hold the warranty on trust for the buyer; and (b) at the buyer s cost comply with such of the lawful instructions of the buyer in relation to the warranty as do not place the seller in breach of its terms or expose the seller to any liability or penalty. G26. No assignment The buyer must not assign, mortgage or otherwise transfer or part with the whole or any part of the buyer s interest under this contract. G27. Registration at the Land Registry G27.1 This condition G27.1 applies where the lot is leasehold and its sale either triggers first registration or is a registrable disposition. The buyer must at its own expense and as soon as practicable: (a) procure that it becomes registered at Land Registry as proprietor of the lot; (b) procure that all rights granted and reserved by thelease under which the lot is held are properly noted against the affected titles; and (c) provide the seller with an official copy of the register relating to such lease showing itself registered as proprietor. G27.2 This condition G27.2 applies where the lot comprises part of a registered title. The buyer must at its ownexpense and as soon as practicable: (a) apply for registration of the transfer; (b) provide the seller with an official copy and title plan for the buyer s new title; and 35

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