Law of Property Act 1925: Primary legislation governing property law in England and Wales. Defines legal estates in land, sets requirements for land contracts, and establishes basic property rights and interests.
Land Registration Act 2002: Establishes the requirements for registration of property, proof of title, and priority of interests in land. Essential for ensuring proper documentation of property ownership.
Law of Property (Miscellaneous Provisions) Act 1989: Key legislation for property contracts, particularly Section 2 which requires contracts relating to land to be in writing and sets out requirements for contract formation and essential terms.
Consumer Protection from Unfair Trading Regulations 2008: Provides protection for consumers in property transactions, particularly relevant if one party is a consumer rather than a business entity.
Common Law Principles: Fundamental legal principles including intention to create legal relations, offer and acceptance, and consideration, which are essential for valid contract formation.
Due Diligence Requirements: Legal requirements for property transactions including title investigation, property searches, and verification of planning permissions.
Money Laundering Regulations 2017: Establishes requirements for identity verification and source of funds checks in property transactions to prevent money laundering.
Finance Act 2003: Legislation governing Stamp Duty Land Tax (SDLT), including rates, thresholds, and payment requirements for property transactions.
