Statement of completion for sale of property
Publisher one
ƵSource file
Jurisdiction
England and WalesCost
Free to useContract party
Relevant sectors
Type of legal document
🌐 Statement of completionBusiness activity
Buy or sell residential propertyA statement of completion is a document that proves that an individual has completed a task, project, or training program. This document is often used to show employers that an individual has the necessary skills and knowledge to perform a job.
The template typically includes essential information such as the names and contact details of both the seller and buyer, the full description of the property being sold, the agreed-upon purchase price, and the date on which the sale was finalized. It also includes details of any additional terms and conditions related to the sale, such as the inclusion of specific fixtures or fittings, and any adjustments made for outstanding debts or liabilities associated with the property.
In addition to the basic information, the template may include clauses related to the transfer of legal title, the satisfaction of any outstanding mortgages or liens, compliance with local regulations and laws, and the settlement of any applicable taxes or fees. Furthermore, it may outline the responsibilities of each party concerning the handing over of keys, possession of the property, and the transfer of utilities.
By using this legal template, both the seller and buyer can ensure that the sale of the property complies with UK law and is completed in a transparent and legally binding manner. The Statement of Completion provides a comprehensive record of the transaction, which can be referred to in case of disputes or any future legal issues that may arise from the sale.
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