Terms & Conditions

Background

These Terms of Sale, together with any and all other documents referred to herein, set out the terms under which Services are sold and provided by Us through this Our Site.  Please read these Terms of Sale carefully and ensure that you understand them before ordering any Services from Our Site.  You will be required to read and accept these Terms of Sale when ordering Services.  If you do not agree to comply with and be bound by these Terms of Sale, you will not be able to order Services through Our Site.  These Terms of Sale, as well as any and all Contracts are in the English language only.

1. Interpretation
1.1 Definitions
1.2 “Conditions” means these terms and conditions set out in clause 1 (Interpretation) to clause 14 (General) (inclusive).
1.3 “Contract” means the contract between the Customer and the Supplier for the supply of the Courses in accordance with the Contract Details and these Conditions
1.4 “Courses” means the property investment course or courses run by the Supplier as further set out in the Contract Details.
1.5 “Intellectual Property Rights means patents, rights to inventions, copyright and related rights, moral rights, trade marks and service marks, business names and domain names, rights in get-up and trade dress, goodwill and the right to sue for passing off or unfair competition, rights in designs, database rights, rights to use, and protect the confidentiality of, confidential information (including know-how and trade secrets) and all other intellectual property rights, in each case whether registered or unregistered and including all applications and rights to apply for and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world.
1.6 “Price” means the price payable by the Customer for the provision of the Courses by the Supplier, as set out in the Contract Details.
1.7 Interpretation
1.7.1 Unless expressly provided otherwise in this Contract, a reference to legislation or a legislative provision:
(a) is a reference to it as amended, extended or re-enacted from time to time; and
(b) shall include all subordinate legislation made from time to time under that legislation or legislative provision.
1.7.2 Any words following the terms including, include, in particular, for example or any similar expression shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding those terms.
1.7.3 A reference to writing or written includes email but not fax.

2. Basis of Contract

2.1 The Contract shall commence on the date it has been signed by both parties (Commencement Date).
2.2 The Customer has entered into this contract in order to receive the Courses which are designed to impart knowledge in relation to their property business.
2.3 This contract is made up of the following:
(a) the Contract Details.
(b) the Conditions.
2.4 If there is any conflict or ambiguity between the terms of the documents listed in paragraph 2.3, a term contained in a document higher in the list shall have priority over one contained in a document lower in the list.

3. Supply of Courses

3.1 The Supplier shall supply the Courses to the Customer on the Training Dates and at the Training Venues published on its website at the time and as amended from time to time. The dates and venues shall be allocated on a first-come-first-served basis.
3.2 The Supplier will notify the Customer of any changes to the Training Dates and Training Venues in a reasonable time in advance of each Training Date.
3.3 In supplying the Courses, the Supplier shall:
3.3.1 perform the Courses with reasonable care and skill;
3.3.2 use reasonable endeavours to perform the services in accordance with the service description set out on the Supplier’s website at the time of purchase and as amended from time to time.
3.4 The Supplier reserves the right to amend the content of any courses if necessary to comply with any applicable law or regulatory requirement, to reflect the Supplier’s changing business needs, or if the amendment will not materially affect the nature or quality of the Courses.
3.5 The Supplier reserves the right to provide the Courses on an individual basis, in a small group or as part of a larger group.
3.6 Any samples, drawings, descriptive matter or advertising issued by the Supplier, and any descriptions or illustrations contained in the Supplier’s catalogues or brochures, are issued or published for the sole purpose of giving an approximate idea of the Courses described in them.

4. Financial Risk

4.1 The Customer acknowledges that the Courses are designed to provide an insight into the real estate investment market and that any Courses provided do not constitute investment advice or recommendations.
4.2 The Supplier makes no representation or promise as to the financial success or risk of any decision made by the Customer, following the Customer’s receipt of the Courses. Any decision made by the Customer to buy, sell or rent a property or to take out any loans or other finance for a property will be the Customer’s own decision and the Supplier shall have no liability as to the outcome.
4.3 The Supplier strongly recommends that the Customer obtains independent advice about whether to go ahead with any property investment and the risks and consequences of any property investment.

5. Customer’s Obligations

5.1 The Customer shall:
5.1.1 co-operate with the Supplier in all matters relating to the Courses;
5.1.2 ensure that his/her details in the Contract Details are complete and accurate;
5.1.3 provide the Supplier with such information and materials as the Supplier may reasonably require in order to supply the Courses to the Customer; and
5.1.4 provide the Supplier with constructive feedback in the event of the Customer having any issues with the Courses and refrain from making any public comments relating thereto.
5.2 If the Supplier’s performance of its obligations under the Contract is prevented or delayed by any act or omission of the Customer, the Supplier shall:
5.2.1 not be liable for any costs, charges or losses sustained or incurred by the Customer that arise directly or indirectly from such prevention or delay;
5.2.2 be entitled to payment of the Charges despite any such prevention or delay; and
5.2.3 be entitled to recover any additional costs, charges or losses the Supplier sustains or incurs that arise directly or indirectly from such prevention or delay.

6. Price and Payment

6.1 The Customer shall pay the Price to the Supplier as set out in the Contract Details.
6.2 All amounts payable by the Customer under the Contract are inclusive of VAT.
6.3 The Customer shall make each payment due to the Supplier in full and in cleared funds on the date of purchase or as otherwise set out in the Contract Details.
6.4 If the Customer fails to make a payment due to the Supplier under the Contract by the dates set out in the Contract Details, then, without limiting the Supplier’s remedies under clause 12 (Termination):
6.4.1 the Customer shall pay interest on the overdue sum from the due date until payment of the overdue sum. Interest under this clause 6.4 will accrue each day at 4% a year above the Bank of England’s base rate from time to time, but at 4% a year for any period when that base rate is below 0%.
6.4.2 the Supplier may suspend all Courses until payment has been made in full.
6.5 All amounts due under the Contract shall be paid in full without any set-off, counterclaim, deduction or withholding and shall remain due whether or not the Customer attends the Courses. Any failure to attend the Courses does not automatically entitle the Customer to attend future courses, such future attendance to be at the discretion of the Supplier.
6.6 If the Customer has opted to pay the Price of the Courses in instalments (as set out in the Contract Details) then the following clauses shall apply:
6.6.1 where the Customer pays the Price for all of the Courses in full upfront, the Customer shall be entitled to attend all Courses;
6.6.2 where the Customer pays the Price for all the Courses in three instalments, each instalment of the Price shall entitle the Customer to attend one Course until the Price has been paid in full and then the Customer shall be entitled to attend all Courses; or
6.6.3 where the Customer pays the Price for all Courses in six instalments, two instalments of the Price shall entitle the Customer to attend one Course until the Price has been paid in full and then the Customer shall be entitled to attend all Courses;
6.6.4 where the Customer pays the Price for a single Course in three instalments, the Customer cannot attend the Course until the Price has been paid in full;
6.6.5 If the Customer attends any Course or part of a Course, before paying the Price for that Course or part, the Customer shall pay the Price for that Course or part of a Course within 7 days’ of attending and receiving it.

7. Intellectual Property Rights

7.1 The Supplier and its licensors shall retain ownership of all Intellectual Property Rights in or arising out of or in connection with the Courses.
7.2 The Customer shall not use (other than during the Courses), copy, exploit, modify or otherwise make use of the Supplier’s Intellectual Property Rights.

8. Confidentiality

8.1 Each party shall not at any time disclose to any person any confidential information concerning the business, affairs, customers, clients or suppliers of the other party. The Customer shall not pass on or disclose any strategies, plans, tactics, schemes, systems or information provided to them as part of the Courses.
8.2 The Customer shall not (whether in a personal or business capacity) provide services similar to the Courses and/or carry on or be employed, engaged or interested in any business which would be in competition with any part of Supplier’s business of providing property training courses from the Commencement Date until the date 12 months after the date the Customer attends its last Course.

9. Restrictions

9.1 The Customer shall not at any time represent himself/herself as connected with the Supplier (other than to say he/she received the Courses from the Supplier).

10. Data Protection and Data Processing

10.1 Promotional filming and photography may occur during the Courses. The Customer must inform the Supplier if it does not wish to be filmed or photographed.
10.2 Further information about how the Supplier uses the Customer’s personal data (including for the purposes set out in clause 10.1) is available in the Supplier’s Privacy Notice 

11. Limitation of Liability

11.1 The Supplier has obtained insurance cover in respect of its own legal liability for individual claims not exceeding £5,000,000 per claim.
11.2 Nothing in the Contract limits any liability which cannot legally be limited, including but not limited to liability for: (a) death or personal injury caused by negligence; (b) fraud or fraudulent misrepresentation; and (c) breach of the terms implied by section 2 of the Supply of Goods and Services Act 1982 (title and quiet possession).
11.3 Subject to clause 11.2, the Supplier’s total liability to the Customer (including liability in contract, tort (including negligence), breach of statutory duty, or otherwise), arising under or in connection with the Contract shall be limited to the total Price paid by the Customer to the Supplier.
11.4 Subject to clause 11.2, the Supplier shall not be liable for the following: (a) Loss of profits (b) Loss of sales, investments or business, (c) Loss of agreements or contracts, (d) Loss of anticipated savings, (e) Loss of use or corruption of software, data or information, (f) Loss of or damage to goodwill, (g) any loss or damage which is indirect or a side effect of the main loss or damage and which the Customer and the Supplier could not anticipate nor expect to happen when the Courses started, for example if the Customer loses salary or any opportunity.
11.5 This clause 11 shall survive termination of the Contract.

12. Termination and Cancellation

12.1 The Supplier may terminate the Contract by giving the Customer reasonable written notice.
12.2 The Customer may terminate the Contract at any time by giving 7 days’ notice to the Supplier.
12.3 Where the Customer terminates the Contract under clause 12.2, the Customer shall not be entitled to any refund of the Price already paid and clause 12.5.1 shall apply in respect of any Price not yet paid by the Customer.
12.4 Either party may terminate the Contract with immediate effect by giving written notice to the other party if:
12.4.1 the other party commits a material breach of the Contract and fails to remedy it within 10 days of that party being notified in writing to do so; or
12.4.2 the other party’s financial position deteriorates to such an extent that in the terminating party’s reasonable opinion the other party’s capability to adequately fulfil its obligations under the Contract has been placed in jeopardy.
12.5 On termination of the Contract for whatever reason:
12.5.1 The Customer shall immediately pay to the Supplier the Price of the Courses already delivered and, where the Customer has terminated the agreement under 12.2, the Price of any Courses set out in the Contract Details which have not yet been delivered.
12.5.2 the Customer shall return all and any materials provided to them by the Supplier. Until they have been returned, the Customer shall be solely responsible for their safe keeping and will not use them for any purpose not connected with the Contract.
12.5.3 any provision of the Contract that expressly or by implication is intended to come into or continue in force on or after termination or expiry of the Contract shall remain in full force and effect; and
12.5.4 termination or expiry of the Contract shall not affect any of the rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination or expiry, including the right to claim damages in respect of any breach of the Contract which existed at or before the date of termination or expiry.

13. Complaints and Social Media

13.1 The Customer shall submit any feedback, questions or complaints regarding the Courses, to the Supplier at The Supplier will deal with all questions or complaints as quickly as possible and will use best efforts to find a satisfactory solution.
13.2 The Customer shall refrain from publishing any complaints, comments or feedback on public media which is false or likely to cause serious harm to the reputation of the Supplier.

14. General

14.1 Force majeure. Neither party shall be in breach of the Contract nor liable for delay in performing, or failure to perform, any of its obligations under the Contract if such delay or failure result from events, circumstances or causes beyond its reasonable control.
14.2 Assignment and other dealings.
14.2.1 The Customer shall not assign, transfer, charge, subcontract, declare a trust over or deal in any other manner with any or all of its rights and obligations under the Contract without the Supplier’s prior written consent.
14.2.2 The Supplier may at any time assign, transfer, charge, subcontract, declare a trust over or deal in any other manner with any or all of its rights under the Contract.

14.3 Entire Agreement

14.3.1 The Contract constitutes the entire agreement between the parties and supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations and understandings between them, whether written or oral, relating to its subject matter.
14.3.2 Each party acknowledges that in entering into the Contract it does not rely on and shall have no remedies in respect of any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in the Contract. Each party agrees that it shall have no claim for innocent or negligent misrepresentation or negligent misstatement based on any statement in the Contract.
14.4 Variation. No variation of the Contract shall be effective unless it is in writing and signed by the parties (or their authorised representatives).
14.5 Waiver.
14.5.1 A waiver of any right or remedy under the Contract or by law is only effective if given in writing and shall not be deemed a waiver of any subsequent right or remedy.
14.5.2 A failure or delay by a party to exercise any right or remedy provided under the Contract or by law shall not constitute a waiver of that or any other right or remedy, nor shall it prevent or restrict any further exercise of that or any other right or remedy. No single or partial exercise of any right or remedy provided under the Contract or by law shall prevent or restrict the further exercise of that or any other right or remedy.
14.6 Severance. If any provision or part-provision of the Contract is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause 14.6 shall not affect the validity and enforceability of the rest of the Contract.
14.7 Third party rights. The Contract does not give rise to any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of the Contract.
14.8 Governing law. The Contract, and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation, shall be governed by, and construed in accordance with the law of England and Wales.
14.9 Jurisdiction. Each party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with the Contract or its subject matter or formation.

Yes, it is legal. Rent to rent is the process by which rent is paid on a property and the property is rented out again in order to make a profit. The person making the profit is know as the head lease and they sign an agreement with the landlord or the company managing the property on behalf of the landlord (usually a letting agent).

The head leaseholder is normally a company and the company will have the authority to rent out the property to their own tenant/clients. This is why the the formal term for rent to rent is company let and the investors sign a company let agreement/company lease agreement with the landlord.

Renting out a property without a company in place is called subletting which is illegal.

Yes, Rent to Rent Serviced accommodation is legal providing that you use a management agreement or a company/corporate let agreement. You cannot do an AST agreement to another AST agreement as this is illegal under subletting.

As one of our clients, we can provide contracts for you. In addition, we need to make sure that the leasehold, the lender, the management and the landlord all allow short term rentals and commercial tenancies.

The biggest risk is that we don’t generate any revenue from the property. However, this is highly unlikely as all our properties break even at 50% occupancy which is low in any area.

In addition, we can reduce the nightly rate significantly and get 100% occupancy to cover rent, bills and overheads. This is the absolute worst case scenario and something we have not had to do to date.

We have now sourced over 100 units for our clients and this number continues to grow everyday. As our network and team grows, we are able to source and secure more and more of the best opportunities in the market.

Our target market is predominantly contractors as this provides us with consistent cash flow all year round.

Depending on the area we may target working professionals attending conferences etc. and we also target leisure and tourism for higher weekend rates and special events such as football, concerts and boat shows. This allows us to reduce your risk and maximise your reward.

You will require a minimum of £5000 and a maximum of £12000 to acquire one of our property opportunities. This is broken down into:

Sourcing fee: £3000 (our fee for finding, securing and supporting you through the process)

Agent fee: £500 (Company let application fee. This is sometimes not required)

Management set up fee: up to £2000. (this can range from £500-2000 for staging the property and onboarding on the systems.

Furniture: Up to £6000 but can be financed. (we can arrange finance which means the furniture costs can be spread over 36 months)

Rent and deposit: ranges depending on the property size and location.

We anticipate that all our investment opportunities will have a maximum payback period of 12 months and then profit for 24 months there on. This can be significantly less in some instances.

*DISCLAIMER: we cannot guarantee the performance of your investment and investors must realise that any investment can go up or down in value

In order to pass referencing you need to have an annual salary that is equal to or exceeds 36 months’ worth of rental payments.

E.g. if the rent was £1000 a month then you would need to exceed £36,000 a year as your annual salary. (36 x £1000)

Alternatively, some referencing companies may run a credit check instead of proof of income. In the event you fail referencing, you can pay 3, 6, or 12 months rent upfront.

In order to secure a property, you are required to pay a holding fee to the agent or landlord. This is to make sure nobody else can make an application on the property. The holding fee is typically 1 weeks rent and is deducted from the first month’s rent when you start paying.

The rent and deposit is then paid the day before the contract starts.

Furniture completely varies depending on the size of the property. However, as a rule of thumb we use the following:


– 1-bedroom property – £3000-£4000


– 2-bedroom property – £4000-5000


– 3-bedroom – £4750 – £5750


– 4-bedroom property £5250 – £6250

All of our management partners offer complete transparency to bookings, reservation and accounts for your property so you know who is in your property, when they are staying and how much they are paying.

1. We first work with you to understand your goals, ambitions and aspirations.

2,We then agree on a criteria to commit to. We won’t commit to it if we don’t think we can deliver as we don’t want to waste anybody’s time.

3. If you want to take on the property deal and the landlord accepts your offer you are then required to pay the 1st half of the sourcing fee when you pay the deposit for the property and the 2nd half is only paid when you’ve passed referencing checks and the contracts have been signed. If the deal falls through you are refunded all of your money with regards to the sourcing fee.

4. You then review and can speak to the management partner if required. We then secure the property and go through referencing. Contracts are then signed and a day before the contract start date you will transfer the rent and deposit. The remainder of our fee is due when the contract is signed.

Depending on your criteria and your budget, it can take 3 days up to a maximum of 3 months. We take pride in the deals we present and therefore we won’t chuck any deals at you just for the sake of showing you a deal that doesn’t work.

The process of securing a property usually takes 1-3 weeks which includes holding fee, referencing, contracts, and key collection

At Progress Property Services we are committed to maintaining the trust and confidence of our visitors to our website. In particular we want you to know that Progress Property Services is not in the business of selling, renting or trading email lists with other companies and business for marketing purposes. In this Privacy Policy we’ve provided lots of detailed information on when and why we collect your personal information, how we use it, the limited conditions under which we may disclose it others and how we keep it secure.

Google Analytics

When someone visits https://progresspropertyservices.co/ we use a third party service, Google Analytics, to collect standard internet log information and details of visitor behaviour patterns. We do this to find out things such as the number of visitors to the various parts of the site. This information is only processed in a way which does not identify anyone. We do make, and do not allow Google to make, any attempt to find out the identities of those visiting our website.

When would we Disclose Personal Data?

We use third party services to make payments called Thrivecart and Stripe. To view their privacy policy please visit their website.

Access

You are entitled to view, amend or delete the personal information that we hold. 

Review of Privacy Notice

This Privacy Notice shall be reviewed at least annually by a Data Protection Officer or when legislation changes and forces us to amend the policy

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