Real Estate Sales Agreement Contract Template for England and Wales

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Key Requirements PROMPT example:

Real Estate Sales Agreement Contract

"I need a Real Estate Sales Agreement Contract for the sale of a commercial property in Manchester, with specific provisions for existing tenant arrangements and a phased completion schedule planned for March 2025."

Document background
The Real Estate Sales Agreement Contract is a fundamental legal document used in property transactions within England and Wales. It serves as the primary agreement between parties when transferring real estate ownership, whether for residential or commercial properties. This contract type is essential for ensuring legal compliance with property law, protecting parties' interests, and documenting all aspects of the sale, including property details, price, completion terms, and any special conditions. It must comply with the Law of Property Act 1925, Land Registration Act 2002, and other relevant legislation, making it a crucial document in property transactions.
Suggested Sections

1. Parties: Details of the seller and buyer, including full legal names and addresses

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

3. Definitions: Key terms used throughout the agreement

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

5. Purchase Price: Amount and payment terms

6. Completion Date: Date for completion of the sale

7. Title Guarantee: Extent of title guarantee provided by seller

8. Vacant Possession: Confirmation of vacant possession on completion

Optional Sections

1. Fixtures and Fittings: List of items included/excluded from sale - use when specific items need to be clearly identified as included or excluded

2. Planning Permissions: Details of existing planning permissions - use when property has specific planning permissions or restrictions

3. Environmental Matters: Environmental issues or warranties - use when environmental concerns exist

4. Tenant Provisions: Details of existing tenancies - use when property is sold subject to existing tenancies

Suggested Schedules

1. Property Plan: Official plan showing property boundaries

2. Title Documents: Copies of relevant title documents

3. Fixtures and Fittings List: Detailed inventory of included/excluded items

4. Environmental Reports: Any relevant environmental surveys or reports

5. Energy Performance Certificate: Current EPC for the property

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 Industries
Relevant Teams
Relevant Roles
Industries

Law of Property Act 1925: Fundamental legislation governing real property transactions, including requirements for contracts and transfers, and legal estates in land

Land Registration Act 2002: Covers requirements for registration of title, priority of interests, and electronic conveyancing provisions

Law of Property (Miscellaneous Provisions) Act 1989: Section 2 sets out contract law requirements for property transactions, including writing requirements and formal validity conditions

Consumer Protection from Unfair Trading Regulations 2008: Regulates business-to-consumer transactions and provides consumer protection measures in property sales

Consumer Rights Act 2015: Provides consumer protection in property transactions when selling to individual buyers

Money Laundering Regulations 2017: Sets out due diligence requirements and identity verification obligations in property transactions

Housing Act 2004: Establishes property condition requirements and health and safety considerations for residential properties

Energy Performance of Buildings Regulations 2012: Mandates Energy Performance Certificate (EPC) requirements for property sales

Finance Act 2003: Contains Stamp Duty Land Tax legislation and reporting requirements for property transactions

Environmental Protection Act 1990: Covers environmental considerations and contaminated land provisions affecting property sales

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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