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Flat Buying Agreement
"I need a Flat Buying Agreement for the purchase of a two-bedroom leasehold flat in Manchester for £275,000, with completion scheduled for March 2025, including specific provisions for service charges and building maintenance arrangements."
1. Parties: Details of buyer and seller including full names, addresses and company registration numbers if applicable
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.
4. Property Description: Detailed description of the flat, its boundaries, and any included common areas or rights
5. Purchase Price: Amount to be paid, payment terms, deposit arrangements and completion payment details
6. Completion Date: Agreed date for completion of the purchase and consequences of delay
7. Title Guarantee: Seller's warranties regarding ownership and title promises
1. Mortgage Provisions: Terms relating to mortgage financing, to be included when buyer requires a mortgage
2. Chain Provisions: Provisions dealing with related property transactions in a chain, included when property purchase is part of a chain
3. New Build Provisions: Specific terms for new construction properties, including warranties and completion timing
1. Schedule 1 - Property Plan: Floor plan and boundary details of the property
2. Schedule 2 - Fixtures and Fittings: Comprehensive list of items included and excluded from the sale
3. Schedule 3 - Service Charge Details: Breakdown of service charges, ground rent and other ongoing costs
4. Schedule 4 - Management Company Information: Details of building management company and their responsibilities
5. Schedule 5 - Title Documents: Copies of relevant title documents and registers
Authors
Property
Completion Date
Completion
Purchase Price
Deposit
Title Documents
Common Parts
Service Charge
Ground Rent
Management Company
Freeholder
Lease
Fixtures and Fittings
Building
Working Day
Survey
Contract Rate
Transfer
Seller's Conveyancer
Buyer's Conveyancer
Planning Permission
Building Regulations
EPC
Property Description
Title Guarantee
Completion
Deposit
Service Charges
Ground Rent
Management Obligations
Insurance
Representations and Warranties
Condition of Property
Restrictions on Use
Assignment and Transfer
Notices
Default and Remedies
Governing Law
Dispute Resolution
Planning and Building Regulations
Fixtures and Fittings
Vacant Possession
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