The Private Real Estate Sale Contract is a fundamental legal document used in England and Wales for property transactions between private parties. It is essential when transferring ownership of real property, whether freehold or leasehold. The contract incorporates requirements from key legislation including the Law of Property Act 1925 and Land Registration Act 2002, ensuring all necessary elements for a valid property transfer are included. It sets out crucial details such as property description, price, completion date, and any special conditions, while providing legal certainty and protection for both parties throughout the transaction.
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1. Parties: Details of seller and buyer including full legal names and addresses
2. Background: Brief context of the sale and property details
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed description of the property including title number
5. Purchase Price: Amount and payment terms
6. Completion Date: Agreed date for completion of sale
7. Title Guarantee: Extent of title guarantee provided by seller
8. Execution: Signature blocks and execution provisions
1. Fixtures and Fittings: Details of included/excluded items - use when specific items need to be listed
2. Planning Permissions: Details of existing permissions - use when property has specific planning conditions
3. Leasehold Provisions: Specific terms relating to leasehold - use for leasehold properties only
4. Special Conditions: Any unique terms specific to this sale - use when non-standard conditions apply
1. Property Plan: Official plan showing boundaries
2. Fixtures and Fittings List: Detailed inventory of included items
3. Title Documents: Copies of relevant title documents
4. Property Information Form: Standard form containing property details
5. Energy Performance Certificate: Required energy efficiency information
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