The New Home Purchase Agreement serves as the primary contract when purchasing a newly constructed residential property in England and Wales. This document is essential when buying directly from a builder or developer, rather than purchasing an existing property. It includes specific provisions for new builds such as construction warranties, completion schedules, and compliance with building regulations. The agreement protects both parties' interests while ensuring adherence to consumer protection laws and industry standards. It typically incorporates both the standard contractual elements of a property purchase and specific provisions related to new construction.
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1. Parties: Identifies and defines the buyer and seller with full legal names and addresses
2. Background: Provides context for the agreement and basic property details
3. Definitions: Defines key terms used throughout the agreement
4. Property Description: Detailed description of the property including address and registered title number
5. Purchase Price: States the agreed purchase price and payment terms
6. Completion Date: Specifies the target date for completion of the purchase
7. Warranties: Builder's warranties regarding property construction and condition
1. Fixtures and Fittings: Details of specific items included in the sale price
2. Service Connections: Details of utility connections and responsibilities for the property
3. Planning Permissions: Details of relevant planning permissions and compliance requirements
1. Schedule 1: Property Plan: Detailed plans and drawings of the property
2. Schedule 2: Specification: Detailed specification of the property construction and finishes
3. Schedule 3: Warranty Documentation: Copies of relevant warranties and guarantees
4. Appendix A: Energy Performance Certificate: Required EPC documentation
5. Appendix B: Building Control Certificates: Relevant building control sign-offs and certificates
Relevant legal definitions
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