general terms & conditions.

GENERAL TERMS & CONDITIONS OF CIRCLE REAL ESTATE MANAGEMENT B.V.

  1. Scope
    1. Introduction.
      These are the general terms and conditions of Circle Real Estate
      Management B.V.
    2. Scope.
      These general terms and conditions are applicable to all proposals from and
      agreements with Circle Real Estate Management B.V. (including follow-on assignments and
      services), including any supplements and changes. The terms are also applicable, if the client
      is already using the services of Circle Real Estate Management B.V. before having accepted the
      offer.
    3. Beneficiaries.
      These general terms and conditions have been stipulated for the
      benefit of Circle Real Estate Management B.V., its group companies, their directors and
      employees, as well as any third parties that have been hired by them.
    4. Other general terms and conditions.
      The general terms and conditions of clients,
      suppliers, (sub)contractors and other third parties shall not be applicable.

 

  1. Proposals and acceptance
    1. Non-binding.
      A proposal shall be non-binding, unless the proposal specifies a date
      for acceptance.
    2. Acceptance and execution by Circle Real Estate Management B.V.
      Assignments will
      only be accepted and executed by Circle Real Estate Management B.V., also if the assignment has
      only been granted with a view to execution by a specific person. Sections 7:404 and 407 para. 2
      of the Dutch Civil Code (Burgerlijk Wetboek) are not applicable.
    3. No deviating acceptance.
      A client may only accept a proposal in its entirety.
      Partial acceptance or acceptance with modifications are deemed a rejection of the proposal,
      which shall not create any binding obligation for Circle Real Estate Management B.V.
    4. Multi-part proposals.
      Circle Real Estate Management B.V. may make a proposal that
      consists of multiple parts. If the client wishes to accept one or more (but not all) parts of
      the proposal, Circle Real Estate Management B.V. shall have the right to adjust the price per
      part of accordingly.
    5. Subsequent assignments.
      A proposal does not necessarily apply to subsequent
      assignments.

 

  1. Services
    1. Description.
      Circle Real Estate Management B.V. shall only render services that
      have been included in the agreement, including: advice, broker services for the sale or purchase
      of real estate, broker services for the lease or rent of real estate.
    2. Nature.
      The services of Circle Real Estate Management B.V. are commercial and
      technical. Circle Real Estate Management B.V. does not render legal or tax advice.
    3. Quality goal.
      Circle Real Estate Management B.V. shall execute the agreement to
      the best of its abilities. It strives for the highest quality in the execution of its work. This
      is a ‘best efforts’ obligation (inspanningsverplichting). A guaranteed result, in view of the
      nature of the work, is not possible.
    4. No power of attorney.
      An assignment does not imply that Circle Real Estate
      Management B.V. is authorized or required to perform legal acts (rechtshandelingen) on behalf of
      the client.
    5. Timing.
      Time schedules are indicative, unless agreed otherwise.

 

  1. Information from the client
    1. Provision.
      De The client shall, before, during and after the assignment, provide
      all information to Circle Real Estate Management B.V., of which it knows, or should reasonably
      have known that it is relevant for the execution of the assignment.
    2. Accurate and complete.
      If the client provides information that is incorrect and/or
      incomplete, it shall not be able to claim against Circle Real Estate Management B.V. in this
      respect.

 

  1. Cooperation with third parties
    1. The nature of the projects.
      The nature of the projects entails that Circle Real
      Estate Management B.V. shall often work together with third parties, such as lawyers, tax
      experts, construction specialists and other advisors.
    2. No liability for damages caused by third parties.
      If the client hires a third
      party and such third-party causes (directly or indirectly) any damage, Circle Real Estate
      Management B.V. shall not be liable for any such damage. Clause 4.2 shall be applicable.

 

  1. Subcontracting
    1. No subcontracting without prior written consent.
      Circle Real Estate Management
      B.V. shall not subcontract any activities to a third party without the prior written consent of
      the client.
    2. Any claim against a third party will be passed on.
      If a subcontractor of Circle
      Real Estate Management B.V. causes any damage for the client and Circle Real Estate Management
      B.V. has a claim against the subcontractor, Circle Real Estate Management B.V. is willing to, at
      the request of the client (a) enforce such claim (at the expense of the client) or (b) transfer
      its claim to the client.

 

  1. Invoicing and payment
    1. Remuneration.
      The remuneration (or the way in which it will be calculated) shall
      be specified in the agreement.
    2. Expenses.
      The client shall reimburse Circle Real Estate Management B.V. for any
      reasonable out-of-pocket expense that Circle Real Estate Management B.V. incurred for the
      execution of the assignment.
    3. Invoicing and payment terms.
      Circle Real Estate Management B.V. shall invoice upon
      meeting the agreed target or any agreed milestone, unless agreed otherwise. Invoices shall be
      paid within 15 calendar days after the date on the.
    4. Payment in case of early termination.
      In case of early termination, the
      renumeration shall be due and payable pro rate parte, regardless of the reason for early
      termination.
    5. Payment in case of execution by the client or a third party, during or after the
      assignment.

      The agreed remuneration shall be payable in full (against invoice), if
      the assignment shall be executed by the client itself or by a third party hired by the client.
      This shall apply during the assignment and for a period of 12 months after the assignment
      terminated, unless the nature of the project requires.
    6. Currency, bank details.
      The client shall pay the amount due in euros into the bank
      account specified by Circle Real Estate Management B.V. on the invoice.
    7. VAT.
      The amount invoiced shall exclude VAT. The client shall pay any VAT due.
    8. Advance payment.
      The client shall pay an advance, if Circle Real Estate Management
      B.V. shall request one.
    9. Late payment; interest.
      In case of late payment, the client shall owe Circle Real
      Estate Management B.V. an interest equal to the legal interest (wettelijke handelsrente) plus
      1%, without any notice being required.
    10. Collection.
      The client shall reimburse any collection costs (whether or not
      extrajudicial). The costs are established at 15% of the amount of the invoice, with a minimum of
      EUR 1,500.
    11. Suspension.
      Circle Real Estate Management B.V. may suspend its activities, for as
      long as an invoice remains unpaid after expiration of its due date. A dispute over the invoice
      shall not constitute a valid reason to withhold or suspend.
    12. No set-off.
      The client shall not be allowed to set-off any debt to Circle Real
      Estate Management B.V. against a claim that it may have.
    13. Joint and several liability.
      If there is more than one client for an assignment,
      each client shall be jointly and severally liable for the due performance of the obligations of
      the clients.

 

  1. Force majeure
    1. The statutory regime.
      The statutory regime for force majeure (as set forth in the
      Dutch Civil Code) is applicable.
    2. Supplements to the statutory regime.
      In addition to the statutory regime, the
      following applies;
      (a) Duty to inform of force majeure.
      Each party shall immediately
      (but in any case, within two business days) notify the other party/parties, if an event of force
      majeure occurs.
      (b) Payments in case of force majeure.
      The client shall only have to
      pay 50% of the invoice, if the event of force majeure is on the side of Circle Real Estate
      Management B.V. (the remaining part being due after the event of force majeure shall have
      subsided). If the event of force majeure is on the side of the client, force majeure shall not
      be a valid reason to withhold or suspend.
      (c) Termination in case of prolonged force
      majeure.
      If an event of force majeure continues for more than three months, the party that
      has not invoked force majeure shall have the right to terminate this agreement, if the situation
      would justify termination.

 

  1. Liability
    1. Willful intent and gross negligence.
      Circle Real Estate Management B.V. shall only
      be liable in case of willful intent or gross negligence of Circle Real Estate Management B.V. or
      its executives (leidinggevenden).
    2. Limitation of remaining liability.
      If and to the extent that Circle Real Estate
      Management B.V. shall be liable, its liability shall be limited to the contract value of the
      assignment or, in case of milestones, multi-part assignments or assignments with monthly lump
      sum installments, of the contract value of the relevant milestone, part of the assignment or one
      monthly lump sum respectively.
    3. Exclusion of indirect damages.
      Circle Real Estate Management B.V. shall never be
      liable for any indirect damages, including (but not limited to) loss of revenue or profit.
    4. Lapse of claim.
      A claim for damages must be filed forthwith and shall lapse one
      year after the event that caused the damage.

 

  1. Confidentiality
    1. Duty of confidentiality.
      Neither party shall disclose the existence or content of
      this agreement to any third party, except to the extent such disclosure is required (a) for the
      execution of the assignment or (b) pursuant to any applicable legislation, exchange regulation
      or court order.
    2. Marketing purposes.
      Notwithstanding the above, Circle Real Estate Management B.V.
      may, in consultation with the client, mention the transaction or assignment for marketing.

 

  1. Intellectual property
    1. No transfer.
      Circle Real Estate Management B.V. remains the sole owner of any
      intellectual property right (models, techniques and instruments) it uses for the execution of
      the assignment and shall become the sole owner of any such rights that it developed for or
      during the execution of the assignment.
    2. Limited right to use.
      To the extent required for the execution of the assignment,
      the client shall have a limited right to use such intellectual property rights. Imitation or
      copying shall not be allowed.

 

  1. Duration and termination
    1. Duration.
      In principle, an agreement shall last for the duration of a project or
      until a specified goal shall have been reached, unless agreed otherwise.
    2. Early termination.
      No party shall be able to terminate an agreement early,
      except:
      (d) if the other party structurally fails to meet its obligations under the
      agreement, despite having been given notice and having been granted a reasonable period to
      remedy its performance; or
      (e) if an application is filed for the bankruptcy or suspension
      of payments the other party; or
      (f) if the relationship between parties has deteriorated to
      such an extend that continuation can no longer be reasonably required.
  2. Miscellaneous
    1. Amendment or supplement.
      These general terms and conditions may be amended or
      supplemented by Circle Real Estate Management B.V.. In such case, Circle Real Estate Management
      B.V. shall send the client a set of the new general terms and conditions. The most recent terms
      and conditions shall be available on www.circle-re.nl.
    2. Consent for transfer.
      No party may transfer all or part of its rights and
      obligations under an agreement or from these general terms and conditions without the prior
      written consent of the other party. The client hereby grants in advance its unconditional and
      irrevocable consent for the transfer by Circle Real Estate Management B.V. of all its rights and
      obligations under an agreement (including these general terms and conditions) in the context of
      a transfer of all its business activities to a third party.
    3. Conversion.
      If a clause from the agreement or these general terms and conditions
      shall not or no longer be applicable, it shall be deemed to have been replaced by a valid and
      enforceable provision that most closely resembled the original provision.
    4. Interpretation.
      If the text of a provision in the agreement or in these general
      terms and conditions is not sufficiently clear, the purpose of these general terms and
      conditions (protection of the legal position of Circle Real Estate Management B.V.) shall be
      leading. The contra proferentem rule shall not apply.
    5. Additions.
      If the agreement and these general terms and conditions do not (or not
      fully) provide for a certain situation, the purpose of these general terms and conditions shall
      be leading.
    6. No waiver.
      Circle Real Estate Management B.V. does not strictly enforce a right
      under the agreement or under these general terms and conditions, this shall not imply a waiver
      of such right by Circle Real Estate Management B.V..
    7. Multiple languages, leading language
      These general terms and conditions are
      available in multiple languages. The Dutch version is leading and legal concepts used or
      referred to in these general terms and conditions have the meaning attributed to them under
      Dutch law.
    8. Marketing.
      Circle Real Estate Management B.V. is allowed to publish visual
      material of projects on her website and in other marketing material, without (additional)
      permission of the.

 

  1. Disputes
    1. Governing law.
      The laws of the Netherlands are applicable.
    2. Choise of forum.
      Any dispute will be submitted to the competent court in Amsterdam.

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Kees Besseling

Managing Partner

Kees is co-founder of Circle. After working at Van Boom & Slettenhaar Fonds Management for 6 years, where he was responsible for the commercial activities, Kees joined Chalet Group at the end of 2012. Charlet Group became part of the Asset Management platform of the English Private Equity investor Kildare Partners at the end of 2014. Kees started as Managing Director of Chalet Group, where he was responsible for rolling out the business plan, managing the Asset Management Team and reporting. His way of working is characterized by taking initiative and being creative and goal-oriented.
“Say what you mean and mean what you Say” Gen. G. Patton

kees@cirle-re.nl
06-52088523

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Ir. Jort Bastiaans MRE

Partner

Already during the successfully completed Master of Science degree in Real Estate Management (TUE), Jort joined MVGM as a commercial Real Estate Manager. After that, Jort continued his career at Grouwels Vastgoed as an acquirer and as a project developer at a regional developer. In the meantime, Jort has successfully completed the Master of Real Estate (TIAS) course. Jort joined Chalet Group in 2013 as Senior Asset Manager with responsibility for the commercial and operational performance of the real estate portfolio in the South region. In addition, Jort is involved in transformation assignments and dispositions.

“Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market” John Maynard Keynes

jort@circle-re.nl
06-46988975

 

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Jasper Stegmann MSRE

Partner

Jasper is co-founder of Circle. After working for nearly 5 years as a Logistics and Industrial Broker at Ooms and Cushman & Wakefield, Jasper made the switch to the Chalet Group. He was responsible for all the Randstad portfolio. Jasper has a broad knowledge in the field of Asset and Transaction Management. His interest in Real Estate started at a young age, when he was playing Monopoly and Hotel games. Jasper has gained a lot of knowledge in Logistics and Industrial real estate in the Netherlands in the last few years. His way of working is characterised by being goal-oriented, creative and always being focused on finding a solution. Jasper has a Master of Science in Real Estate (MSRE) from ASRE.

“Ever tried. Ever failed. No matter. Try again. Fail again. Fail better.”  Samuel Beckett

Jasper@circle-re.nl
06-15010447

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Nico Schuthof

Partner

Nico is co-founder of Circle. He is a very experienced and driven Senior Technical Advisor with 20 years of experience in the real estate market. In the past 20 years Nico has mainly worked for real estate owners in commercial real estate with investors such as Stena Reality, Uni-Invest (Merin) and most recently with the Chalet Group. Nico was responsible for all technical matters, including managing the external Property Manager. Nico is through his knowledge and broad network the ideal point of contact for (large-scale) renovations and making real estate more sustainable with the focus on achieving optimal results for the users and the investors.
“Impossible is nothing.” Muhammad Ali

nico@circle-re.nl
06-28789415