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As Is Purchase Agreement For Home Template for England and Wales

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Key Requirements PROMPT example:

As Is Purchase Agreement For Home

"I need an As Is Purchase Agreement For Home for a property in Wales that I'm selling to a cash buyer, with completion planned for March 2025, and I want to specifically exclude all fixtures and fittings from the sale except for the built-in kitchen appliances."

Document background
The As Is Purchase Agreement For Home is utilized when selling residential property in England and Wales where the buyer agrees to purchase the property in its existing condition. This type of agreement is particularly relevant for properties requiring renovation, properties being sold by estate executors, or situations where the seller wants to limit their liability for the property's condition. The document includes detailed provisions about the property's current state, explicit acknowledgments from the buyer about accepting the property 'as is', and specific limitations on the seller's warranties while ensuring compliance with mandatory legal requirements under English and Welsh law.
Suggested Sections

1. Parties: Identification and details of buyer and seller

2. Background: Context of the sale and property description

3. Definitions: Key terms used throughout the agreement

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

5. Purchase Price: Amount and payment terms for the property purchase

6. As Is Provisions: Specific clauses regarding the property's current condition and buyer's acceptance of existing defects

7. Completion: Details of completion date and process for transfer of ownership

8. Title: Warranties regarding ownership and title transfer requirements

Optional Sections

1. Deposit Terms: Details of deposit amount, payment timing and handling of deposit funds

2. Mortgage Contingency: Conditions related to buyer's ability to secure financing

3. Fixtures and Fittings: Specific items included or excluded from the sale

4. Chain Provisions: Terms dealing with dependencies on other property transactions

Suggested Schedules

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

2. Fixtures and Fittings List: Detailed 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 providing detailed property information

5. Energy Performance Certificate: Mandatory energy efficiency information for the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries
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Industries

Law of Property Act 1925: Primary legislation governing land law and property transfers in England and Wales. Defines legal estates and interests in land.

Land Registration Act 2002: Legislation dealing with registration of title and setting out requirements for land transfers in England and Wales.

Consumer Rights Act 2015: Legislation applicable when selling to consumers, implying certain terms about quality and fitness even in 'as is' sales.

Misrepresentation Act 1967: Covers false statements during property transactions and remains relevant even in 'as is' sales for fraudulent misrepresentation.

Unfair Contract Terms Act 1977: Limits the ability to exclude certain liabilities and affects the enforceability of 'as is' clauses in property contracts.

Consumer Protection from Unfair Trading Regulations 2008: Prohibits misleading omissions and requires disclosure of material information in property transactions.

Money Laundering Regulations 2017: Requires verification of parties' identities and source of funds checks in property transactions.

Fraudulent Misrepresentation Liability: Legal principle that liability for fraudulent misrepresentation cannot be excluded even in 'as is' sales.

Personal Injury Liability: Legal principle that liability for death or personal injury cannot be excluded in property sales contracts.

Legal Title Requirements: Fundamental obligation that issues relating to legal title cannot be excluded in property sales, even in 'as is' contracts.

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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