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Real Estate Contract To Sell Template for England and Wales

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Key Requirements PROMPT example:

Real Estate Contract To Sell

"I need a Real Estate Contract to Sell for a commercial property in Manchester, with completion scheduled for March 2025, including specific provisions for existing tenant arrangements and environmental warranties due to the property's previous industrial use."

Document background
A Real Estate Contract to Sell is essential for any property transaction in England and Wales. This document is used when transferring ownership of real property, whether residential or commercial. It contains crucial information including property details, purchase price, completion dates, and any special conditions of sale. The contract must comply with specific requirements under English and Welsh property law, including the need for writing and signatures as per the Law of Property (Miscellaneous Provisions) Act 1989. It serves as the primary legal document governing the rights and obligations of both parties throughout the property transfer process.
Suggested Sections

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

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

3. Definitions: Key terms used throughout the contract

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

5. Purchase Price: Amount agreed and payment terms

6. Completion Date: Agreed date for completion of the sale

7. Title Guarantee: Type of title guarantee being provided

8. Vacant Possession: Confirmation of vacant possession on completion

Optional Sections

1. Fixtures and Fittings: Details of items included/excluded from sale - use when specific items need to be listed as included or excluded

2. Planning Permissions: Details of existing permissions - use when property has specific planning permissions or restrictions

3. Leasehold Provisions: Specific terms relating to leasehold property - use when property is leasehold rather than freehold

4. Environmental Matters: Environmental considerations and warranties - use when there are specific environmental concerns

Suggested Schedules

1. Schedule 1: Property Details: Detailed property specification including plans and boundaries

2. Schedule 2: Fixtures and Fittings: Comprehensive list of included/excluded items

3. Schedule 3: Property Information Form: Standard property information provided by seller

4. Appendix A: Property Plans: Official plans showing property boundaries

5. Appendix B: Land Registry Documents: Copies of relevant Land Registry documentation

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






























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Relevant Industries
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Industries

Law of Property Act 1925: Primary legislation governing real property transactions in England and Wales, establishing requirements for contracts concerning land and defining legal estates and interests in land

Law of Property (Miscellaneous Provisions) Act 1989: Specifies that contracts for sale of land must be in writing and sets out formal requirements for validity, particularly under Section 2

Land Registration Act 2002: Governs the registration of land in England and Wales, including requirements for registered land, priority of interests, and registration requirements

Housing Act 1984 and 2004: Sets out requirements for property conditions and health and safety standards in residential properties

Consumer Protection from Unfair Trading Regulations 2008: Regulates property sales to consumers, requiring disclosure of material information and preventing unfair trading practices

Landlord and Tenant Act 1985: Relevant for leasehold properties, defining rights and obligations between landlords and tenants

Money Laundering Regulations 2017: Establishes requirements for identity verification and due diligence in property transactions to prevent money laundering

Consumer Rights Act 2015: Ensures fairness of contract terms and provides consumer protection provisions when selling property to consumers

Contracts (Rights of Third Parties) Act 1999: Governs how third party rights are handled in property contracts

Environmental Protection Act 1990: Addresses environmental considerations in property transactions, including provisions regarding contaminated land

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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