Real Estate Sale Forms Template for England and Wales

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Key Requirements PROMPT example:

Real Estate Sale Form

"I need a Real Estate Sale Form for a commercial property transaction in Cardiff, Wales, involving the sale of a mixed-use development with retail units on the ground floor and residential apartments above, with completion planned for March 2025."

Document background
Real Estate Sale Forms are fundamental documents in property transactions within England and Wales. These forms are essential when transferring property ownership and must comply with the Land Registration Act 2002 and the Law of Property Act 1925. They capture crucial information including property details, price, completion dates, and various declarations required by law. The forms ensure standardization across property transactions and help maintain accurate property records at the Land Registry. They are particularly important for solicitors, conveyancers, and property professionals handling property transfers.
Suggested Sections

1. Parties: Details of seller and buyer including full names, addresses and company registration numbers if applicable

2. Background: Context of the sale and brief property description

3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.

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

5. Purchase Price: Amount to be paid, payment terms, deposit requirements and completion payment details

6. Completion Date: Agreed date for completion and conditions precedent to completion

7. Title Guarantee: Seller's warranties regarding property title and encumbrances

8. Risk and Insurance: Transfer of risk and insurance obligations until completion

9. Seller's Obligations: Pre-completion and completion obligations of the seller

10. Buyer's Obligations: Pre-completion and completion obligations of the buyer

Optional Sections

1. Fixtures and Fittings: Detailed list of items included or excluded from the sale, used when specific items need to be clearly identified

2. Planning Permissions: Details of existing planning permissions and conditions, included when property has specific planning requirements

3. Leasehold Provisions: Specific terms and conditions for leasehold properties, included only for leasehold sales

4. VAT: VAT treatment of the sale, included when the property is sold as a commercial property with VAT election

5. Environmental Matters: Environmental warranties and indemnities, included for commercial properties or properties with known environmental issues

Suggested Schedules

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

2. Title Documents: Copies of relevant title documents including office copy entries and title plan

3. Energy Performance Certificate: Mandatory energy efficiency rating certificate for the property

4. Property Information Form (TA6): Standard form providing detailed information about the property

5. Fittings and Contents Form (TA10): Detailed inventory of items included in or excluded from the sale

6. Leasehold Information Form (TA7): Additional information specific to leasehold properties, where applicable

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

Relevant legal definitions
Clauses
Industries

Law of Property Act 1925: Core legislation governing land law principles, requirements for land contracts, and legal estates and interests in land in England and Wales

Land Registration Act 2002: Legislation covering requirements for property registration, priority of interests, and electronic conveyancing provisions

Consumer Rights Act 2015: Legislation protecting consumer rights and regulating unfair terms in contracts when selling to individual buyers rather than businesses

Landlord and Tenant Act 1985: Legislation governing leasehold interests and relationships between landlords and tenants

Money Laundering Regulations 2017: Regulations requiring verification and due diligence in property transactions to prevent money laundering

Housing Act 2004: Legislation covering property conditions and health and safety requirements for residential properties

Stamp Duty Land Tax Act 2003: Legislation governing taxation requirements and implications for property sales

Energy Performance of Buildings Regulations 2012: Regulations requiring Energy Performance Certificates (EPCs) for properties being sold

Law Society Protocol: Professional guidelines establishing standard conveyancing procedures and best practices

Land Registry Practice Guides: Official guidance documents on registration requirements and proper form completion for property transactions

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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