The Contract For Sale Of House And Land is a fundamental document in English and Welsh property transactions, used whenever real property is bought or sold. It establishes the legal framework for the transfer of ownership, incorporating essential elements such as property details, price, completion dates, and any specific conditions of sale. This contract type is governed by strict statutory requirements and must comply with the Land Registration Act 2002 and other relevant property legislation. It serves as the primary document in the conveyancing process and forms the basis for the subsequent transfer of legal title.
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1. Parties: Details of seller and buyer including full names and addresses
2. Background: Context of the sale and property details
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed description of property and land being sold
5. Purchase Price: Amount and payment terms
6. Completion Date: Agreed date for completion of sale
7. Title Guarantee: Seller's warranties regarding ownership
1. Vacant Possession: Details requirements for property to be empty on completion - used when property is currently occupied
2. Planning Permissions: Details of existing permissions - included when property has specific planning permissions or restrictions
3. Restrictive Covenants: Specific restrictions on property use - included when applicable to the property
1. Schedule 1: Property Details: Detailed property description including boundaries and rights
2. Schedule 2: Fixtures and Fittings: List of items included/excluded from sale
3. Appendix A: Property Plans: Official plans showing property boundaries
4. Appendix B: Title Documents: Copies of relevant title documents
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