Terms & Conditions
Greece Real Estate Ltd.
General Terms & Conditions
This document provides the terms and conditions applicable to clients entering into an agreement with Greece Real
Estate Ltd. (the “Company”) or ordering services from the Company for the finding of properties in Lefkada, Epirus
and/or Greece (the “Client”).
1. Definitions
The following terms shall have the meaning specified herein:
1.1 The “Parties” – the Client and Company together.
1.2 The “Properties” – residential properties, commercial properties and/or lands in Lefkada, Epirus or Greece,
offered by Company to Client.
1.3 The “Services” – the services stipulated herein, as updated by Company from time to time.
1.4 The “Rights Owner” – the owner and/or holder and/or legal proxy of the Properties in which Client has
interest.
2. Client’s Undertakings
Client hereby declares, confirms and undertakes as follows:
2.1 It is interested in receiving the Services from Company for the consideration agreed upon between the
Parties which is payable as specified below and that it has the resources and ability to comply with its
undertakings, including payment of the consideration.
2.2 There is no limitation, prohibition or restriction, whether by law or by contract, to its entering into an
agreement with Company and/or complying with its undertakings.
2.3 It received from Company all information requested with respect to the Properties to its satisfaction.
2.4 It will read thoroughly, itself or by its advisors, the purchase agreement of a Property and/or any
ancillary document relating to the Property and/or the sale thereof, including, but not limited to, architectural
plans, sketches, building plans, land registration certificates or extracts, technical specifications, if any, and
any other documents relevant to the purchase of a Property (together, the “Documents”). Client hereby waives any
requests and/or demands and/or claims against the Company and/or anyone acting on its behalf with respect to any of
the Documents and/or the Services and/or its undertakings, as specified herein.
2.5 It is aware of the fact that Company has entered into agreements with subcontractors in order to provide
the Services and that it might be required to enter into separate agreements with such subcontractors directly and
that Company is not and shall not be regarded as responsible for the actions and/or omissions of such
subcontractors.
2.6 It has not received from Company and/or anyone acting on its behalf any undertaking and/or guarantee of any
potential profits generating from the purchase of a property or the sale or rental thereof or otherwise and it does
not have and shall not have any requests and/or demands and/or claims against the Company and/or anyone acting on
its behalf with respect to the profitability of an investment in a property and/or the price of such property.
2.7 The information provided by Company does not amount to a representation of Company and/or anyone acting on
its behalf. The information provided by Company and/or anyone acting on its behalf is provided by the Rights Owners
and/or subcontractors. Company is a marketing company and shall bear no responsibility or liability with respect to
the representations of the Right Owners and/or subcontractors.
2.8 It wishes to purchase a property suitable for its needs and purposes with which Company is not acquainted
and are not Company’s expertise. Company provides no legal and/or tax and/or any other consultancy services to
Client who is free to use its own consultants for the examination and review of the purchase, the Documents and
potential transaction.
3. The Consideration
3.1 For the Services provided by Company, Client shall provide Company with consideration as agreed upon
between the Parties (the “Consideration”).
3.2 Without derogating from the generality of the aforesaid, the Services provided by Company do not include
payment of tolls and/or expenses and/or tax and/or any payment to local authorities and/or payment to
subcontractors and/or consultants, including, lawyers, architects, engineers, contractors, managerial services etc.
3.3 Payment of the Consideration shall be due in full upon the execution of an agreement and/or MOU (the
earlier) for the sale of a Property between Client and a Rights Owner and shall form a percentage of the price of
the Property, as agreed upon between the Parties.
3.4 Payment shall be made by wire transfer to the bank account which details are provided to Client in writing
or by a bankers check for the benefit of Company.
3.5 Company shall not be liable for the payment of any tax or other payments which Client is liable for and
shall reduce from the consideration any taxes and related costs that must be deducted at source according to
applicable law.
3.6 For the avoidance of any doubt, the Consideration forms the final, exhaustive and total consideration to
which Company is entitled for the Services. Company shall not be entitled to any other payment, expenses’ return or
any other fee or right with respect to the Services, unless agreed otherwise between the Parties in writing.
4. Exclusivity and Non-Compete
Client provides Company with a 12-month exclusivity period for the purpose of finding properties for Client in
Lefkada, Epirus and/or Greece and for the provision of the Services.
5. Independent Contractor
It is hereby agreed and declared that the Parties do not intend to create employer-employee relations, partnership
or agency relations between them.
6. Liability
6.1 it is hereby clarified and agreed upon that Company shall bear no liability of any kind for bodily injury
and/or loss and/or damage of any kind or sort (including, indirect, incidental, special, consequential, punitive,
or exemplary damages under any legal theory whatsoever) caused to Client and/or anyone acting on its behalf with
respect to the Services. For the avoidance of any doubt, Company bears no liability for the actions or omissions of
any of the subcontractors employed or hired by it.
6.2 Client agrees and undertakes to compensate and indemnify Company immediately upon receipt of its first
request, against any claim, demand, damage, loss or cost caused to Company in relation to any action or omission of
Client and/or anyone acting on its behalf and/or any matter for which liability, according to these general terms
and conditions or the law, is attributed to Client.
7. Non – Disclosure
The Parties undertake to keep confidential any information received directly or indirectly with respect to Company
and/or Client. The aforesaid shall not apply to information which is public knowledge, provided it did not become
public knowledge due to an act or omission of one of the Parties, and information which one of the Parties is
legally required to provide.
Should Client and/or anyone acting on its behalf provide information to a third party in a manner causing loss of
exclusivity, Company shall be entitled to demand from Client remuneration for the loss of profit with respect to
such Properties.
8. General
8.1 Each of the Parties undertakes to act honestly and fairly towards the other and not to perform any act
which might harm the other party’s reputation or businesses.
8.2 This Agreement shall be construed and governed in accordance with the Laws of the State of Israel. Any
controversy or claim arising out of or relating to this Agreement, or any breach hereof, shall be submitted to the
exclusive jurisdiction of the competent courts in Tel Aviv Israel.
8.3 All communications between the Parties shall be in writing if sent by facsimile, the receipt of which is
confirmed by return facsimile, or if delivered personally with receipt acknowledged, or sent by registered or
certified mail or equivalent and shall be deemed duly delivered within 72 hours.
The Services
Company provides clients interested in purchasing properties in Lefkada, Epirus and/or Greece with services which
include accompanying the clients in the location and choice of a suitable property, purchase of a property,
renovation of a property and/or construction of a property.
Services provided by Company which are included in the consideration are:
Finding a property Company assists clients in finding properties in Lefkada, Epirus and/or Greece, including:
• Examination of a property and its suitability to the needs and purposes of Client, according to its
specifications;
• Finding a local surveyor who will measure the property or the architectural plans (if already built);
• Examination of a property and receipt of approvals from local authorities of the borders of the property
and any restrictions imposed on it;
• Receipt of signed approval from neighbors, if required;
• Finding a local law office to perform a local review of the property including historical investigation of
any past liens, mortgages or any third party right;
• Negotiating the transaction with the property owners.
Architecture Company offers its clients assistance in finding a local architect for interior design or planning
of a new property.
Greek local authorities Working with the various local authorities in Greece, including, tax, construction, forest,
local authorities, etc. for the avoidance of doubt, Company is not responsible for the grant of any required
approvals and/or performance of registrations and shall only assist in obtaining them.
Construction Company offers its clients holding a bid through which a contractor and/or engineer be chosen for
the construction of a new property and/or renovation of an existing one. For the avoidance of doubt, any agreement
with a contractor and/or engineer shall be made directly by the client who shall also bear all costs thereof.
Accounting Company offers its clients assistance with the following:
• Opening a bank account in Greece;
• Acquaintance with a local accountant.
For the avoidance of doubt, all costs of opening a bank account and/or entering an agreement with a local
accountant shall be borne by the client.
Additional services offered by Company for an additional cost:
Legal Services Company works with a local law office in Greece as well as with Israeli lawyers who can provide
legal assistance to clients.
Registration of the Property Company offers its clients a service for the registration of the property on the
name of the purchaser, including:
• Receipt of a number at the Greek land registry;
• Opening a file with local tax authorities in Greece.
Registration of residency If so required, Company shall provide clients with assistance in registration as
local residents, including:
• Assistance with registration as resident in Greece;
• Filling all forms required for receipt of health services number, as required in Greece.
Taxation Company provides clients with services for the payment of all taxes payable when purchasing a
property in Greece and the registration thereof. For the avoidance of doubt, Company does not provide any
international tax advise and any tax payable is due and payable by clients only. This service is conditioned on
full cooperation of the client in providing Company with all necessary forms and execution thereof.
Business Advise Company provides clients with business advise with respect to marketing and managing their
property, including:
• Assistance with the preparation of an annual business plan;
• Assistance with the formation of a company;
• Connection to a local management company should client wish to rent the property;
• Preparation of marketing data;
• Marketing of properties to potential buyers or leases;
• Assistance in finding a local insurance company.
For the avoidance of doubt, such services shall be provided for an additional payment, as shall be agreed between
the parties.
Management Company offers clients management of the property purchased, including, rentals and ongoing
maintenance. For the avoidance of doubt, the agreement with the local management company and payment thereto shall
be made directly by client.
