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Private Sale Real Estate Contract Template for England and Wales

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Key Requirements PROMPT example:

Private Sale Real Estate Contract

"I need a Private Sale Real Estate Contract for the sale of my three-bedroom house in Surrey to a private buyer, with completion planned for March 2025 and including specific clauses about the garden fixtures and solar panel installation that will remain with the property."

Document background
The Private Sale Real Estate Contract is essential for documenting property transactions between private parties in England and Wales. This contract is used when selling or purchasing residential property without the involvement of commercial agents or developers. It includes crucial details such as property specifications, purchase price, completion timeline, and both parties' obligations. The document must comply with English property law, including the Law of Property Act 1925 and related legislation. It serves as the primary legal instrument for transferring property ownership and protecting both buyers' and sellers' interests in private property transactions.
Suggested Sections

1. Parties: Details of seller and buyer including full names and addresses

2. Background: Context of the sale and brief property description

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of property including title number and address

5. Purchase Price: Agreed price and payment terms

6. Completion Date: Agreed date for completion of sale

7. Title Guarantee: Extent of title guarantee provided by seller

8. Vacant Possession: Confirmation of vacant possession on completion

Optional Sections

1. Existing Tenancies: Details of any existing tenancies - include when property is sold subject to existing tenancies

2. Fixtures and Fittings: List of items included/excluded from sale - include when specific items need to be identified

3. Planning Permissions: Details of existing permissions - include when property has specific planning conditions

Suggested Schedules

1. Property Plan: Land Registry compliant plan of the property

2. Fixtures and Fittings Inventory: Detailed list of included/excluded items

3. Title Documents: Copies of relevant title documents

4. Property Information Form: Standard form providing detailed property information

5. Fittings and Contents Form: Standard form detailing included items

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

Relevant legal definitions






























Clauses






























Industries

Law of Property Act 1925: Core legislation defining legal estates in land, requirements for creation and transfer of interests in land, and basic contractual requirements for land transactions

Law of Property (Miscellaneous Provisions) Act 1989: Establishes Section 2 requirements for contracts to be in writing and signed, along with formal validity requirements for land transactions

Land Registration Act 2002: Governs requirements for registration of title, priority of interests, and notice requirements in land transactions

Consumer Rights Act 2015: Applies when one party is acting as a consumer rather than a business, providing consumer protection measures

Landlord and Tenant Act 1985: Relevant for properties with existing tenants, defining landlord and tenant obligations

Housing Act 2004: Sets out property conditions, standards, and health and safety requirements for residential properties

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

Stamp Duty Land Tax Act 2003: Covers tax implications and requirements for property sales

Land Registry Practice Guides: Official guidance documents providing practical information on land registration procedures and requirements

Standard Conditions of Sale (5th Edition): Standard contract terms widely used in residential property transactions in England and Wales

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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