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Simple Lot Purchase Agreement Template for England and Wales

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Key Requirements PROMPT example:

Simple Lot Purchase Agreement

"I need a Simple Lot Purchase Agreement for a 2-acre undeveloped plot in Surrey, with completion scheduled for March 2025 and including specific provisions for future residential development rights."

Document background
The Simple Lot Purchase Agreement is a fundamental legal instrument used in England and Wales for the transfer of undeveloped land parcels. This agreement is particularly suitable when parties need a straightforward mechanism for land acquisition without complex development provisions or conditional elements. It covers essential aspects including property description, price, completion mechanics, and statutory compliance requirements. The document is designed to protect both parties' interests while ensuring the transaction meets Land Registry requirements and relevant property legislation.
Suggested Sections

1. Parties: Identification and details of the seller and purchaser

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

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the lot including boundaries and rights

5. Purchase Price: Amount and payment terms

6. Completion: Date and requirements for completion

7. Title: Title warranties and requirements

8. Seller's Obligations: Pre and post-completion obligations

9. Buyer's Obligations: Pre and post-completion obligations

Optional Sections

1. Planning Conditions: Used when the purchase is subject to planning permission

2. Environmental Provisions: Environmental warranties and indemnities for identified environmental risks

3. Overage Provisions: Future payment obligations based on development potential

4. Service Media: Rights and obligations regarding utilities and shared services

Suggested Schedules

1. Plan: Property plan showing boundaries and access

2. Title Documents: Copies of relevant title documents

3. Rights and Reservations: Details of rights granted and reserved

4. Planning Documents: Relevant planning permissions and information

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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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Industries

Law of Property Act 1925: Fundamental legislation that defines legal estates in land, sets out requirements for land contracts, and establishes formalities for property transfers

Land Registration Act 2002: Governs the registration of land titles, establishes priority rules, and provides for the protection of interests in land

Law of Property (Miscellaneous Provisions) Act 1989: Contains Section 2 which requires contracts for sale of land to be in writing and sets out formal validity requirements

Stamp Duty Land Tax Act 2003: Establishes tax implications of land purchase and related reporting requirements

Land Charges Act 1972: Covers registration of charges and protection of interests in unregistered land

Consumer Rights Act 2015: Applicable when the purchase involves a consumer buyer, providing additional protections

Town and Country Planning Act 1990: Deals with planning permissions and use restrictions that may affect the lot purchase

Environmental Protection Act 1990: Contains provisions relating to contaminated land and environmental liabilities that may affect the property

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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