Notice Of Intention To Sell Form Template for England and Wales

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Key Requirements PROMPT example:

Notice Of Intention To Sell Form

"I need a Notice of Intention To Sell Form for a residential property in Manchester with four existing tenants who have right of first refusal, with planned completion by March 2025 and an asking price of £450,000."

Document background
The Notice Of Intention To Sell Form is a crucial document in English and Welsh property law, designed to ensure transparency and legal compliance in property sales. It is particularly necessary when property owners must fulfill statutory obligations to offer first refusal to qualifying tenants under the Landlord and Tenant Act 1987. The document serves as official notification of the intended sale, including property details, proposed terms, and response deadlines. It's commonly used in residential and commercial property transactions where there are existing tenants or other parties with legal rights to be notified of the intended sale.
Suggested Sections

1. Sender Details: Full name, address, and contact information of the property owner/seller

2. Property Description: Full address and detailed description of the property being sold

3. Intention Statement: Clear statement of intention to sell the property

4. Proposed Sale Terms: Basic terms of the proposed sale including asking price

5. Timeline: Proposed timeline for the sale and response deadline

Optional Sections

1. Right of First Refusal Details: Required when property is subject to tenant right of first refusal under LTA 1987

2. Tenant Information: Required when property is currently tenanted

3. Agent Details: When sale is being handled through an agent

Suggested Schedules

1. Property Title Documents: Copies of relevant title documents or land registry entries

2. Property Plans: Floor plans or property boundary plans where relevant

3. Existing Tenancy Agreements: If property is currently let to tenants

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

Landlord and Tenant Act 1987: Section 5 requires landlords to offer qualifying tenants the right of first refusal before selling their interest in a property. This applies to buildings containing flats where qualifying tenants occupy more than 50% of the flats.

Law of Property Act 1925: Establishes basic principles of property ownership and transfer, along with requirements for legal notices in England and Wales.

Land Registration Act 2002: Sets out requirements regarding registered land and notice requirements related to registered properties.

Leasehold Reform, Housing and Urban Development Act 1993: Defines rights of leaseholders and notice requirements for collective enfranchisement.

Housing Act 1996: Contains general housing regulations that might affect the sale process and notice requirements.

General Data Protection Regulation (GDPR) and Data Protection Act 2018: Outlines requirements for handling personal information in the notice and ensuring compliance with data protection principles.

Contract Law principles: Covers basic requirements for valid notices and reasonable time frames for responses in contractual matters.

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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