All Templates
Sell freehold land
⛪ Mortgagee sale contract
Sale Of Freehold Land Contract (Mortgagee In Possession)
Sale Of Freehold Land Contract (Mortgagee In Possession)
Publisher one
Genie AIJurisdiction
England and WalesRelevant sectors
Type of legal document
⛪ Mortgagee sale contractBusiness activity
Sell freehold landA mortgagee sale contract is a contract between a mortgagee and a borrower that sets forth the terms of the sale of the property in the event that the borrower defaults on the mortgage. The contract typically includes the purchase price of the property, the date of the sale, and the terms of the sale.
The legal template entitled "Sale of Freehold Land Contract (Mortgagee in Possession) under UK law" outlines the terms and conditions associated with the sale of a property by a mortgage lender who has taken possession of the land due to the borrower's default on mortgage payments.
This template is designed to protect the interests of the mortgagee (lender) while providing a standardized framework for the sale process. It establishes the rights and responsibilities of both parties involved in the transaction and ensures compliance with relevant UK laws and regulations.
The template covers essential aspects such as the property's description and condition, the agreed purchase price, payment terms, and any special provisions or conditions, such as subject to planning permissions. It also outlines the timeframe for completing the sale and the consequences of breach or default by either party.
Additionally, the contract may address issues like title guarantee, indemnification, apportionment of taxes and outgoings, liability for pre-existing obligations, and the transfer of property rights. It may also include provisions relating to the payment of outstanding debts and the discharge of the mortgage.
The Sale of Freehold Land Contract (Mortgagee in Possession) template provides a comprehensive framework for the transaction, ensuring transparency, clarity, and legal protection for both the mortgagee and any potential buyers. It serves as a robust legal document that can be customized as per the specific terms agreed upon by the parties involved and is a vital tool for resolving disputes or clarifying responsibilities in case of any future disagreements.
This template is designed to protect the interests of the mortgagee (lender) while providing a standardized framework for the sale process. It establishes the rights and responsibilities of both parties involved in the transaction and ensures compliance with relevant UK laws and regulations.
The template covers essential aspects such as the property's description and condition, the agreed purchase price, payment terms, and any special provisions or conditions, such as subject to planning permissions. It also outlines the timeframe for completing the sale and the consequences of breach or default by either party.
Additionally, the contract may address issues like title guarantee, indemnification, apportionment of taxes and outgoings, liability for pre-existing obligations, and the transfer of property rights. It may also include provisions relating to the payment of outstanding debts and the discharge of the mortgage.
The Sale of Freehold Land Contract (Mortgagee in Possession) template provides a comprehensive framework for the transaction, ensuring transparency, clarity, and legal protection for both the mortgagee and any potential buyers. It serves as a robust legal document that can be customized as per the specific terms agreed upon by the parties involved and is a vital tool for resolving disputes or clarifying responsibilities in case of any future disagreements.
How it works
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Section 338 Members' Requisition Of Public Company For Resolution To Be Moved At AGM
The legal template titled "Section 338 Members' Requisition Of Public Company For Resolution To Be Moved At AGM under UK law" outlines the process and requirements for shareholders of a public company in the United Kingdom to initiate a resolution to be addressed at the Annual General Meeting (AGM).
In the context of company law, shareholders hold certain rights and powers, and this template specifically focuses on the provision outlined in Section 338 of the UK Companies Act. Section 338 enables members (shareholders) of a public company to exercise their right to requisition a resolution in order to address matters they deem important or necessary for discussion and decision during an AGM.
The template likely contains essential components such as the requisitioning process, deadlines, criteria for members' eligibility, and the specific information that needs to be included in the requisition notice. It may also address the formalities and procedures that need to be followed for submitting the requisition to the company's directors or company secretary.
Additionally, the template could outline the steps that the company and its directors need to take upon receiving a valid requisition, including notification to all shareholders, inclusion of the resolution in the AGM agenda, and any other procedures to ensure compliance with legal requirements.
Overall, this legal template serves as a guide for shareholders to exercise their right to requisition a resolution at the AGM, ensuring transparency, effective corporate governance, and shareholder engagement within the framework of UK company law.
In the context of company law, shareholders hold certain rights and powers, and this template specifically focuses on the provision outlined in Section 338 of the UK Companies Act. Section 338 enables members (shareholders) of a public company to exercise their right to requisition a resolution in order to address matters they deem important or necessary for discussion and decision during an AGM.
The template likely contains essential components such as the requisitioning process, deadlines, criteria for members' eligibility, and the specific information that needs to be included in the requisition notice. It may also address the formalities and procedures that need to be followed for submitting the requisition to the company's directors or company secretary.
Additionally, the template could outline the steps that the company and its directors need to take upon receiving a valid requisition, including notification to all shareholders, inclusion of the resolution in the AGM agenda, and any other procedures to ensure compliance with legal requirements.
Overall, this legal template serves as a guide for shareholders to exercise their right to requisition a resolution at the AGM, ensuring transparency, effective corporate governance, and shareholder engagement within the framework of UK company law.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
8
RATINGS
5
DISCUSSIONS
0
Section 7 Notice From Landlord To Terminate A Fixed-Term Farm Tenancy (Using Break Clause)
The Section 7 Notice from Landlord to Terminate a Fixed-Term Farm Tenancy (Using Break Clause) is a legal template that outlines the necessary steps for a landlord to terminate a fixed-term tenancy agreement on a farm property in accordance with UK law.
The template is designed specifically for situations where the landlord intends to exercise a break clause within the tenancy agreement. A break clause typically allows either party (landlord or tenant) to terminate the tenancy before the fixed term has expired, subject to certain conditions and notice requirements.
This legal document provides a standardized format that helps landlords draft their notice effectively, ensuring compliance with UK legislation. The template guides the landlord in providing all essential information such as the details of the tenancy agreement, the reason for exercising the break clause, and the specific date on which the agreement will terminate.
It is important for the landlord to correctly follow the procedures outlined in this template to ensure their notice is valid and enforceable. Failure to adhere to the appropriate legal requirements might result in disputes or potential claims by the tenant, making the template an invaluable tool to safeguard the landlord's interests and comply with legal obligations.
The template is designed specifically for situations where the landlord intends to exercise a break clause within the tenancy agreement. A break clause typically allows either party (landlord or tenant) to terminate the tenancy before the fixed term has expired, subject to certain conditions and notice requirements.
This legal document provides a standardized format that helps landlords draft their notice effectively, ensuring compliance with UK legislation. The template guides the landlord in providing all essential information such as the details of the tenancy agreement, the reason for exercising the break clause, and the specific date on which the agreement will terminate.
It is important for the landlord to correctly follow the procedures outlined in this template to ensure their notice is valid and enforceable. Failure to adhere to the appropriate legal requirements might result in disputes or potential claims by the tenant, making the template an invaluable tool to safeguard the landlord's interests and comply with legal obligations.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
3
RATINGS
2
DISCUSSIONS
2
Section 27 Notice (Business Lease Termination)
The Section 27 Notice (Business Lease Termination) legal template under UK law is a document that serves as a formal communication between a commercial tenant and their landlord, signaling the tenant's intention to terminate the lease agreement. This notice is typically invoked when the business occupant wishes to end their tenancy and initiate the process of vacating the premises.
The template outlines the essential information required to serve a valid notice, including details such as the tenant's name, address, and contact information, as well as the relevant lease agreement specifics. It also specifies the date on which the tenant intends to terminate the lease, ensuring compliance with any notice period or termination clauses as stipulated in the lease agreement or statutory law.
The Section 27 Notice aims to provide a clear and unambiguous declaration of the tenant's intention to terminate, enabling the landlord to prepare for the upcoming vacancy. Additionally, it helps establish a formal record of the tenant's actions and obligations, maintaining transparency and legal integrity during the lease termination process.
By utilizing this legal template, both parties can rely on a standardized and recognized format that abides by UK law while providing the necessary information to effectively terminate the business lease. It ensures that all essential elements are included, protects the interests of both the tenant and the landlord, and facilitates a smooth transition during the lease termination process.
The template outlines the essential information required to serve a valid notice, including details such as the tenant's name, address, and contact information, as well as the relevant lease agreement specifics. It also specifies the date on which the tenant intends to terminate the lease, ensuring compliance with any notice period or termination clauses as stipulated in the lease agreement or statutory law.
The Section 27 Notice aims to provide a clear and unambiguous declaration of the tenant's intention to terminate, enabling the landlord to prepare for the upcoming vacancy. Additionally, it helps establish a formal record of the tenant's actions and obligations, maintaining transparency and legal integrity during the lease termination process.
By utilizing this legal template, both parties can rely on a standardized and recognized format that abides by UK law while providing the necessary information to effectively terminate the business lease. It ensures that all essential elements are included, protects the interests of both the tenant and the landlord, and facilitates a smooth transition during the lease termination process.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
5
RATINGS
2
DISCUSSIONS
0
