The Land Agreement Between Buyer And Seller is a fundamental document in property transactions within England and Wales. It is used when transferring ownership of land or property from one party to another, whether for residential, commercial, or agricultural purposes. The agreement sets out all essential terms including property description, price, completion date, and any conditions precedent. It must comply with strict legislative requirements including the Law of Property Act 1925 and the Land Registration Act 2002. This document forms the basis of the conveyancing process and creates legally binding obligations on both parties.
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1. Parties: Details of the seller and buyer, including full legal names and addresses
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 property including title number and boundaries
5. Purchase Price: Agreed purchase price and payment terms
6. Completion: Date and arrangements for completion
7. Title Guarantee: Extent of title guarantee given by seller
8. Vacant Possession: Confirmation of vacant possession on completion
1. Deposit: Terms of deposit payment when required
2. Conditional Contract: Specific conditions that must be met (e.g., planning permission requirements)
3. Existing Tenancies: Details of any continuing tenancies when property is sold subject to existing tenancies
4. Environmental Matters: Environmental warranties and indemnities for properties with environmental considerations
1. Property Schedule: Detailed property description, including plans and boundaries
2. Title Documents: Copies of relevant title documents
3. Fixtures and Fittings: List of included/excluded items
4. Planning Permissions: Copies of relevant planning permissions and building regulations approvals
5. Property Information Form: Standard property information provided by seller
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