The Private House Sale Contract is essential for any residential property transaction in England and Wales. It serves as the definitive agreement between buyer and seller, outlining all aspects of the property sale including price, timing, and conditions. This document is required by law and must conform to specific legal requirements including those set out in the Law of Property Act 1925. It typically includes property details, payment terms, completion dates, warranties, and various schedules detailing fixtures and fittings. The contract provides legal protection for both parties and forms the basis for the property transfer process.
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1. Parties: Full legal names and addresses of buyer and seller
2. Background: Brief context of the sale and property details
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed legal description of the property including title number
5. Sale Price: Purchase price and payment terms
6. Completion Date: Agreed date for completion of sale
7. Title Guarantee: Seller's confirmation of full title guarantee
8. Vacant Possession: Confirmation of vacant possession on completion
1. Fixtures and Fittings: Details of items included/excluded from sale when specific items need to be listed
2. Planning Permissions: Details of existing permissions/restrictions when property has specific planning conditions
3. Third Party Rights: Details of any rights affecting the property when easements or other rights exist
4. Deposit Protection: Terms for holding and protecting deposit when special deposit arrangements apply
1. Schedule 1: Property Plan: Official plan showing property boundaries
2. Schedule 2: Fixtures and Fittings List: Detailed inventory of included/excluded items
3. Schedule 3: Title Documents: Copies of relevant title documents
4. Appendix A: Energy Performance Certificate: Current EPC for the property
5. Appendix B: Property Information Form: Completed TA6 form
6. Appendix C: Fittings and Contents Form: Completed TA10 form
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