The Real Estate Sellers Contract serves as the primary legal document governing property sales in England and Wales. It is essential when transferring ownership of real property, whether residential or commercial. The contract must comply with strict statutory requirements, including those set out in the Law of Property Act 1925 and the Law of Property (Miscellaneous Provisions) Act 1989. It includes crucial information about the property, price, completion dates, warranties, and any special conditions of sale. This document forms the backbone of property transactions and provides legal protection for all parties involved.
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1. Parties: Identification of seller and buyer with 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 boundaries
5. Purchase Price: Agreed price and payment terms
6. Completion: Completion date and process
7. Title Guarantee: Extent of title guarantee provided by seller
8. Seller's Warranties: Standard warranties about the property's condition and title
1. Tenant Provisions: Required if property is sold subject to existing tenancies
2. Planning Permissions: Details of existing planning permissions and restrictions
3. Environmental Provisions: Environmental warranties and indemnities for properties with potential environmental issues
1. Property Plan: Official plan showing property boundaries
2. Fixtures and Fittings: List of included and excluded items
3. Property Information Form: Standard form containing detailed property information
4. Title Documents: Copies of relevant title documents
5. Energy Performance Certificate: Current EPC for the property
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