The Purchase Agreement FSBO is utilized when property owners choose to sell their property directly to buyers without estate agent representation. This comprehensive agreement, governed by English and Welsh law, ensures all essential aspects of the property transaction are properly documented and legally binding. It includes crucial details such as property description, purchase price, payment terms, completion dates, and both parties' rights and obligations. The document must comply with relevant legislation including the Law of Property Act 1925, Land Registration Act 2002, and various consumer protection regulations.
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1. Parties: Identification of buyer and seller with 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 address and registration details
5. Purchase Price: Amount, payment terms, and deposit details
6. Completion Date: Agreed date for completion of the sale
7. Title Guarantee: Seller's warranties regarding property ownership
8. Vacant Possession: Confirmation of property handover conditions
1. Fixtures and Fittings: Details of items included/excluded in sale - use when specific items need to be clearly identified as included or excluded
2. Planning Permissions: Details of existing permissions or restrictions - use when property has specific planning conditions or restrictions
3. Environmental Matters: Environmental issues or considerations - use when property has known environmental concerns
4. Service Charges: Details of ongoing service charges - use for leasehold properties or properties with service charges
1. Property Plan: Floor plan and/or land registry plan
2. Fixtures and Fittings Inventory: Detailed list of included/excluded items
3. Property Information Form: Standard property information provided by seller
4. Energy Performance Certificate: Current EPC for the property
5. Title Documents: Copies of relevant title documents
Relevant legal definitions
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