The Modular Home Purchase Agreement is essential for transactions involving prefabricated or modular homes in England and Wales. This document is used when a buyer wishes to purchase a factory-built home that will be transported and installed at a specified location. The agreement includes crucial details about the home's specifications, manufacturing standards, delivery timeline, installation requirements, and warranty terms. It ensures compliance with UK building regulations and consumer protection laws while protecting both parties' interests throughout the transaction process.
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1. Parties: Identification and details of buyer and seller
2. Background: Context of the transaction and basic information about the modular home
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed specifications of the modular home
5. Purchase Price: Price and payment terms
6. Delivery and Installation: Terms regarding delivery, installation, and timeline
7. Warranties: Manufacturer and structural warranties
8. Completion: Process and requirements for completion
1. Financing Provisions: Additional terms and conditions when buyer requires financing or mortgage arrangements
2. Site Preparation: Requirements and responsibilities for site preparation before installation
3. Customization Options: Details of available customization options and modifications to standard specifications
1. Schedule 1 - Property Specifications: Detailed technical specifications of the modular home
2. Schedule 2 - Payment Schedule: Breakdown of payment installments and timing
3. Schedule 3 - Warranties: Full warranty terms and conditions
4. Appendix A - Floor Plans: Detailed floor plans and drawings
5. Appendix B - Planning Permissions: Copies of relevant planning permissions
6. Appendix C - Building Regulations Compliance: Certificates and compliance documentation
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