A Contract to Sell Real Property is essential for any real estate transaction in England and Wales. This document is used when transferring ownership of real property from one party to another, whether residential or commercial. It outlines all crucial aspects of the sale, including property details, price, completion timeline, and any special conditions. The contract must comply with specific requirements under English law, particularly the Law of Property Act 1925 and the Law of Property (Miscellaneous Provisions) Act 1989. It serves as the foundational document for the conveyancing process and provides legal protection for all parties involved.
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1. Parties: Identification and details of seller and buyer
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 being sold
5. Purchase Price: Amount and payment terms
6. Completion Date: Date for completion of the sale
7. Title Guarantee: Seller's confirmation of title
8. Vacant Possession: Terms of property handover
1. Fixtures and Fittings: Details of items included/excluded from sale - use when specific items need to be listed
2. Planning Permissions: Details of existing permissions - use when property has planning conditions
3. Existing Tenancies: Details of current tenants - use when property is sold with tenants in situ
4. Environmental Matters: Environmental considerations or risks - use when environmental issues are present
1. Property Plan: Official plan showing boundaries and extent of property
2. Title Documents: Copies of title register and plan
3. Fixtures and Fittings Inventory: Detailed list of included/excluded items
4. Property Information Form: Standard form providing detailed property information
5. Energy Performance Certificate: Current EPC for the property
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