Contract To Sell Property By Owner Template for England and Wales

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Key Requirements PROMPT example:

Contract To Sell Property By Owner

"I need a Contract To Sell Property By Owner for my three-bedroom house in Manchester, which I want to sell directly to a private buyer for £450,000, with completion planned for March 2025. The contract should include specific provisions about the garden shed and conservatory that will be included in the sale."

Document background
The Contract To Sell Property By Owner is utilized when property owners wish to sell their property directly to buyers without involving estate agents in England and Wales. This document is essential for ensuring legal compliance and protecting both parties' interests in the transaction. It includes crucial elements such as property description, purchase price, completion arrangements, and title guarantees. The contract must comply with the Law of Property Act 1925, Land Registration Act 2002, and other relevant property legislation. It's particularly useful for reducing transaction costs while maintaining legal protection in property sales.
Suggested Sections

1. Parties: Identification of seller and buyer with full legal names and addresses

2. Background: Context of the sale and property ownership status

3. Definitions: Key terms used throughout the contract

4. Property Description: Detailed description of the property including address and title number

5. Purchase Price: Agreed price and payment terms

6. Completion Date: Agreed date for completion of sale

7. Title Guarantee: Seller's declarations regarding title

8. Vacant Possession: Conditions of property transfer

Optional Sections

1. Fixtures and Fittings: Detailed list of items included/excluded from sale - use when specific items need to be clearly identified

2. Planning Permissions: Details of existing permissions or restrictions - use when property has specific planning conditions

3. Leasehold Provisions: Additional terms for leasehold properties - use when property is leasehold rather than freehold

Suggested Schedules

1. Property Plan: Official plan showing boundaries and extent of property

2. Fixtures and Fittings Inventory: Detailed list of included items

3. Title Documents: Copies of relevant title documents

4. Property Information Form: Standard form containing property details and disclosures

5. Energy Performance Certificate: Current EPC for the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Law of Property Act 1925: Foundational legislation that defines legal estates in land, sets out requirements for land contracts, and establishes basic principles of property transfer in England and Wales

Law of Property (Miscellaneous Provisions) Act 1989: Crucial legislation that requires property contracts to be in writing and signed by all parties, setting out formal requirements for validity of property contracts

Land Registration Act 2002: Governs the registration of land in England and Wales, establishing requirements for registered land, registration processes, and priority of interests

Housing Act 2004: Sets out property condition requirements and establishes the Housing Health and Safety Rating System (HHSRS) for residential properties

Consumer Protection from Unfair Trading Regulations 2008: Regulates property sales by requiring full disclosure and preventing misleading omissions or actions in property transactions

Money Laundering Regulations 2017: Establishes requirements for identity verification and due diligence obligations in property transactions to prevent money laundering

Stamp Duty Land Tax Act 2003: Defines the tax implications and requirements for property sales, including calculation and payment of stamp duty land tax

Energy Performance of Buildings (England and Wales) Regulations 2012: Mandates Energy Performance Certificate (EPC) requirements for property sales, ensuring energy efficiency information is provided to buyers

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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