CONDITIONS OF SALE
Vendors commission is charged at 10% (plus VAT). A minimum commission of £5 per lot will be made in respect of each lot offered for sale.
Other Sale Conditions are exhibited at the Auctioneers' offices, the sale catalogue, the covering letter and announced by the Auctioneers on the sale day.
Where vendors are registered for VAT purposes, VAT will be collected by the Auctioneers on equipment and vatable items and passed on to the vendor under the Self Billing arrangement. Where vendors are not registered for VAT, the Auctioneers will be operating the VAT Margin Scheme and no VAT will be charged on the purchase price. It is essential that vendors clearly indicate their VAT status where indicated on the Entry Form.
VAT DECLARATION: If registered for VAT : I AGREE to the selfbilling arrangement operated by the Auctioneers and understand that I must not raise a tax invoice in respect of transactions covered by the arrangement.
The Auctioneers do not charge an entry fee but seek your co-operation in controlling quality of entries. Such items as tyres, domestic goods, furniture, domestic electrical appliances, windows, glass, scrap, etc., will not be accepted and small, low value items must be lotted with others to be of a minimum market value of £50.00 for any one lot.
The Auctioneers reserve the right to refuse entry of any tyres that they consider to be unsaleable. It is illegal to sell items containing asbestos and entries containing asbestos will be turned away.
The Auctioneers reserve the right to refuse any unsuitable goods and to arrange your lots as they think fit.
Where the vendor sets a reserve price, which is not reached, the Auctioneers reserve the right to charge 2% of the reserve price fixed. Any reserves must be clearly stated on the entry form otherwise all items will be sold without reserve. It is the vendor’s sole responsibility to check with the Sales Office before leaving the sale that all items subject to a reserve have been sold. The responsibility for any unsold items remains with the vendor after they have been offered for sale.
All lots remain at the vendor’s risk until sold and following such sale shall be at the purchaser’s risk. Unsold goods must be removed on the day of sale and are left on the auction field at the vendor’s risk.
No item on Lease or Hire Purchase will be accepted for sale unless consent is obtained from the Lease or Hire Purchase Company and any such Agreement must be notified in writing to the Auctioneers.
Vendors of tractors and any other machines, who wish to give warranties or guarantees other than stating them to be in "working order" in order to enhance the sale value, are requested to enter full details on the entry form. Vendors must notify the auctioneers of any known defects or faults on their entry form.
Registration Books and Certificates of non-registration should be handed to the Auctioneers when tractors, vehicles or self-propelled machines are brought into the sale field, or else attached securely to the entry form.
Where goods are entered and the vendor cancels the entry less than 10 days prior to the auction or fails to deliver to the auction, the vendor will be responsible for the costs of advertising and all other costs and expenses which may arise as a result of such failure to deliver the goods entered including any claim which may be made by prospective bidders attending the sale with the intent of bidding for such goods.
ELECTRICAL GOODS: Under the Consumer Protection Act 1987, and The Low Voltage Electrical Equipment (Safety) Regulations 1989 all electrical goods and appliances offered for sale at Auction must have been tested for safety by a properly qualified electrician. Every electrical appliance must display a current safety inspection label and must be accompanied by the electrician's test certificate. The auctioneers will refuse to accept any electrical items which have not passed the safety test. These requirements also apply to electric motors on farm machinery and equipment.
SAFETY REGULATIONS in respect of Machinery and Equipment. Under the Health & Safety at Work Acts all items of machinery and equipment must comply with safety standards and the responsibility of this will rest with the vendors who will indemnify the Auctioneers against any claims made by the purchasers.
All lots must be removed from the sale site on the day of sale. The Auctioneers reserve the right to charge a storage/disposal charge for any items left on site.
Where vendors are registered for VAT purposes, VAT will be collected by the Auctioneers and passed on to the vendor under the Self Billing arrangement. Where vendors are not registered for VAT, the Auctioneers will be operating the VAT Margin Scheme and no VAT will be charged on the purchase price. It is essential that vendors clearly complete their VAT status where indicated on the Entry Form.
Monies received from purchasers will be held by the Auctioneers in a separate identifiable clients account in line with the RICS clients money regulations.
Edward Buckland MRICS FAAV
Chartered Surveyors, Auctioneers and Valuers.
Edward Buckland is a trading name of Edward Buckland Ltd. Registered in England and Wales. Company No: 8736900. Registered Office:
Crusader House, Newham Road. Truro, TR1 2DP
Chartered Surveyors, Auctioneers and Valuers.
Edward Buckland is a trading name of Edward Buckland Ltd. Registered in England and Wales. Company No: 8736900. Registered Office:
Crusader House, Newham Road. Truro, TR1 2DP
