The Property Sale Agreement is a fundamental legal document used in England and Wales when transferring property ownership. It serves as the definitive record of the transaction terms, protecting both parties' interests and ensuring compliance with property law. This agreement is essential for both residential and commercial property transactions, detailing everything from the purchase price and completion date to specific conditions and warranties. It must conform to the requirements of the Law of Property Act 1925 and other relevant legislation, making it a crucial document in the conveyancing process.
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1. Parties: Details of seller and buyer, including full legal names and addresses
2. Background: Context of the sale and brief property description
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including title number and address
5. Purchase Price: Agreed price and payment terms
6. Completion Date: Agreed date for completion of the sale
7. Title Guarantee: Extent of title guarantee provided by seller
8. Vacant Possession: Conditions of property transfer
1. Fixtures and Fittings: Details of included/excluded items in the property sale
2. Planning Permissions: Details of existing permissions and any relevant restrictions
3. Environmental Matters: Environmental considerations, warranties and relevant disclosures
1. Schedule 1: Property Details: Detailed property description including plans and boundaries
2. Schedule 2: Fixtures and Fittings: Comprehensive list of included/excluded items
3. Appendix A: Title Plan: Official Land Registry title plan
4. Appendix B: Property Information Form: Completed TA6 form
5. Appendix C: Energy Performance Certificate: Current EPC for the property
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