Residential Real Estate Contract Generator for England and Wales

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Key Requirements PROMPT example:

Residential Real Estate Contract

"I need a Residential Real Estate Contract for the purchase of a three-bedroom house in London with a completion date of March 15, 2025, including specific provisions for the inclusion of all fitted appliances and garden equipment in the sale."

Document background
A Residential Real Estate Contract is the cornerstone document in property transactions within England and Wales. It is used whenever residential property ownership is transferred between parties, whether for private residences, buy-to-let properties, or new builds. The contract must comply with strict legislative requirements and typically includes detailed property descriptions, price terms, completion arrangements, and various warranties and representations. It serves as the definitive record of the transaction terms and protects both parties' interests throughout the conveyancing process.
Suggested Sections

1. Parties: Details of buyer, seller, and their legal representatives

2. Background: Context of the transaction and property details

3. Definitions: Key terms used throughout the contract

4. Property Description: Detailed description of the property including boundaries and rights

5. Purchase Price: Amount, payment terms, and deposit details

6. Completion Date: Agreed date for completion of sale

7. Title Guarantee: Seller's declarations regarding property title

Optional Sections

1. Fixtures and Fittings: Details of items included/excluded from sale when specific items need to be clearly identified

2. Existing Tenancies: Details of any ongoing tenancy agreements when property is sold with sitting tenants

3. Planning Permissions: Details of existing permissions or restrictions when property has specific planning conditions

Suggested Schedules

1. Property Plan: Official plan showing property boundaries and location

2. Title Documents: Copies of relevant title documents and registers

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

4. Energy Performance Certificate: Current EPC rating and report

5. Property Information Form: Standard form containing property details and disclosures

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: Fundamental legislation governing land law principles, requirements for land contracts, and legal estates and interests in land in England and Wales

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

Consumer Rights Act 2015: Provides consumer protection measures, particularly relevant when dealing with estate agents and ensuring fairness in contract terms

Housing Act 1988: Legislation governing residential tenancies, defining rights and obligations of landlords and tenants

Landlord and Tenant Act 1985: Sets out requirements for property conditions and repairing obligations in residential properties

Money Laundering Regulations 2017: Specifies identity verification requirements and due diligence procedures for property transactions

Consumer Protection from Unfair Trading Regulations 2008: Protects against misleading actions/omissions in property descriptions and sales

Estate Agents Act 1979: Defines professional duties and obligations of estate agents involved in property transactions

Contracts (Rights of Third Parties) Act 1999: Governs third-party rights in contracts, including property contracts

Finance Act 2003 (SDLT provisions): Contains Stamp Duty Land Tax provisions and payment requirements for property transactions

Local Planning Laws: Regional and local regulations affecting property development and use

Building Regulations: Standards and requirements for property construction and modification

Environmental Protection Legislation: Laws protecting the environment that may affect property use and development

Energy Performance Certificate Requirements: Regulations requiring energy efficiency assessment and certification of properties

Flood Risk Regulations: Requirements relating to flood risk assessment and management for properties

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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