Sell By Owner Contract Template for England and Wales

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Key Requirements PROMPT example:

Sell By Owner Contract

"I need a Sell By Owner Contract for the sale of my three-bedroom house in Manchester to a private buyer, with completion scheduled for March 2025 and including specific provisions about the fitted kitchen appliances being included in the sale."

Document background
A Sell By Owner Contract is utilized when property owners choose to sell their property directly to buyers without using an estate agent's services. This approach, governed by English and Welsh law, can result in significant cost savings for both parties. The contract includes essential elements such as property description, sale price, completion terms, and both parties' obligations. It must comply with the Law of Property Act 1925 and the Law of Property (Miscellaneous Provisions) Act 1989, ensuring legal validity and proper transfer of ownership.
Suggested Sections

1. Parties: Identification and details of seller and buyer

2. Background: Context of the sale and property overview

3. Definitions: Key terms used throughout the agreement

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

5. Purchase Price: Amount and payment terms

6. Completion Date: Agreed date for completion of sale

7. Title Guarantee: Seller's confirmation of ownership rights

8. Execution: Signature blocks and witnessing requirements

Optional Sections

1. Tenant Provisions: Required if property is currently tenanted - includes details of existing tenancies and transfer arrangements

2. Mortgage Details: Information about existing mortgages and arrangements for discharge at completion

3. Special Conditions: Any unique terms specific to this sale that deviate from standard conditions

4. Chain Details: Information about related property transactions and dependencies

Suggested Schedules

1. Property Plan: Detailed plan showing property boundaries and layout

2. Fixtures and Fittings List: Inventory of items included and excluded from the sale

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

4. Property Information Form: Standard form containing detailed property information and disclosures

5. Energy Performance Certificate: Mandatory energy efficiency information and ratings

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

Law of Property Act 1925: Primary legislation that defines legal requirements for property transfers, sets out rules for contracts relating to land, and establishes requirements for legal interests in land

Law of Property (Miscellaneous Provisions) Act 1989: Requires contracts for sale of land to be in writing and specifies formal requirements for validity, particularly under Section 2

Land Registration Act 2002: Sets out requirements for registered land, rules about title transfer, and registration requirements for property transactions

Consumer Rights Act 2015: Provides consumer protection provisions for private buyers, including duty of fair dealing and transparency requirements

Fraud Act 2006: Establishes obligations regarding honest representation and prevention of fraudulent property transactions

Money Laundering Regulations 2017: Specifies requirements for identity verification and financial transaction requirements in property sales

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

Landlord and Tenant Act 1985: Addresses tenant rights and notice requirements if the property being sold is currently tenanted

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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