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New Construction Residential Purchase Agreement
"I need a New Construction Residential Purchase Agreement for a 4-bedroom detached house being built by Acme Developers Ltd in Manchester, with completion scheduled for March 2025, including provisions for custom kitchen fittings and a part-exchange arrangement for the buyer's existing property."
1. Parties: Identification of the seller (developer/builder) and buyer, including full legal names and addresses
2. Background: Context of the agreement, including property description and development details
3. Definitions: Key terms used throughout the agreement, including relevant legislative references and construction standards
4. Property Description: Detailed description of the property including plot number, address, and specifications
5. Purchase Price: Amount, payment schedule, and deposit details
6. Construction Obligations: Builder's obligations regarding construction standards and timelines
7. Completion: Conditions and process for completion of the sale
8. Warranties and Guarantees: Standard warranties for new build properties including NHBC coverage
9. Title and Registration: Details about property title and registration process
1. Customization Options: Details of any buyer-selected modifications to the property specification
2. Part Exchange: Terms relating to part exchange of buyer's existing property
3. Help to Buy Provisions: Specific terms related to Help to Buy scheme
4. Shared Ownership Provisions: Terms specific to shared ownership arrangements
1. Schedule 1 - Property Specification: Detailed technical specifications of the property
2. Schedule 2 - Site Plan: Plans showing the property location within the development
3. Schedule 3 - Floor Plans: Detailed floor plans of the property
4. Schedule 4 - Fixtures and Fittings: List of included fixtures and fittings
5. Schedule 5 - Planning Permissions: Copies of relevant planning permissions
6. Schedule 6 - Building Regulations Approval: Evidence of building regulations compliance
7. Schedule 7 - Warranty Documentation: Details of building warranty coverage
8. Schedule 8 - Management Company Details: Information about estate management arrangements
Authors
Approved Planning Permission
Building Regulations
Building Warranty
Buyer
CDM Regulations
Completion
Completion Date
Contract Rate
Defects
Defects Liability Period
Deposit
Developer
Development
Estate
Estate Common Areas
Estate Management Company
Fixtures and Fittings
Legal Charge
Management Services
NHBC
Part Exchange Property
Plans
Plot
Practical Completion
Property
Purchase Price
Quality Standards
Reservation Fee
Reserved Matters
Service Charge
Specification
Structural Warranty
Title Documentation
Transfer
VAT
Working Day
Sale and Purchase
Purchase Price
Deposit
Construction Obligations
Construction Standards
Building Warranty
Completion
Title
Registration
Planning Permission
Building Regulations
Variations
Defects
Warranties
Insurance
Assignment
Management Company
Service Charges
Estate Covenants
Risk and Property
Representations
Notice
VAT
Default
Termination
Force Majeure
Severability
Entire Agreement
Third Party Rights
Governing Law
Jurisdiction
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